Apple (AAPL) Shares Higher Ahead of iPad Event; Here's What To Expect
Get Alerts AAPL Hot Sheet
Price: $165.99 +0.09%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.3%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.3%
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Today is the day Apple (Nasdaq: AAPL) fan boys and shareholders have been awaiting... the introduction of the new iPad 3. At 10AM local time, or 1PM ET, today Apple will be holding its iPad event - "We have something you really have to see. And touch."
While no one outside Apple knows the exact specs, here is what rumors suggest:
According to analysis by Deutsche Bank, shares are normally 0.1 percent lower one day after an iPhone or iPad announcement, 0.3 percent higher 7 days after and 1.5 percent lower 30 days after.
The firm said despite worries that shares will see a "sell the news" reaction, Apple should be owned through any product announcement-related price volatility.
Shares of Apple are up 0.7 percent at 10AM ET.
While no one outside Apple knows the exact specs, here is what rumors suggest:
- Device could be called iPad HD, instead of iPad 3.
- It will have much sharper retina display
- It will be available in stores on March 16
- It will sport a quad-core A6 processor
- support LTE wireless broadband
- rumors of a iPad mini
- lower price on iPad 2
- an updated AppleTV set-top box that can support video up to 1080p, with a faster chip.
According to analysis by Deutsche Bank, shares are normally 0.1 percent lower one day after an iPhone or iPad announcement, 0.3 percent higher 7 days after and 1.5 percent lower 30 days after.
The firm said despite worries that shares will see a "sell the news" reaction, Apple should be owned through any product announcement-related price volatility.
Shares of Apple are up 0.7 percent at 10AM ET.
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