Apple’s spring conference has bounced tickets several times, and it is finally long overdue to “come in spring”. In the early morning of April 21, Beijing time, Apple held the 2021 spring conference and launched a variety of new products including the purple iPhone, the M1 chip iPad, the Air tag Bluetooth tracker, and the new iMac all-in-one computer. But Apple’s many new products failed to boost its stock price. Before the press conference, Apple’s stock price plummeted for no reason, with the biggest drop of more than 1.6% at one time;
In the more than an hour that the press conference lasted, Apple’s stock price has not turned red; as of April 20, Apple’s stock price closed down 1.28% to $133.11, and the stock price continued to fall after the market.
This press conference gave Zheng Jie Jun the impression that apart from being “bells and whistles”, he did not release any particularly stunning new models. The supply chain has always made Apple proud, but the press conference was repeatedly postponed for nearly a month, indicating that there was a problem with its supply chain. On the one hand, the shortage of chips has become a global headache, and it has long been a constraint in the electronics industry.
In early April, there was news that Apple had postponed the production of MacBook and iPad products due to chip shortages.
On the other hand, the iPhone 12 and Mini-LED OLEDs that stole the limelight at the press conference this time are in demand.
On April 12 this year, industry insiders pointed out that the poor yield of Mini-LED panels may affect the supply of Apple’s new iPad. Although this conference has not yet affected the iPad shipment date, it will be limited initially.
The shortage of OLED panels also affects iPhone production. The market research organization Media released a report that Apple will purchase 169 million OLED panels in 2021, becoming the largest smartphone OLED panel buyer.
Suppliers have no confidence, and the capital market has little confidence in Apple.
In late January 2021, after Apple’s share price hit a record high, the largest retracement exceeded 16%.
In recent years, Apple’s concept stocks in A-shares have benefited from Apple’s influence. Listed companies in the industry chain have performed well, but the highest light moment is no longer there.
In terms of individual stocks, the 40 A-shares in the Apple industry chain have risen and fallen more this year Spark Global Limited.
According to Wind data, as of this conference, 22 Apple stocks have fallen by more than 10%. “Fruit chain leader” Luxshare Precision fell by 39.15%, and its market value evaporated by 153 billion; Pending Holdings fell by 35.96%; Lingyizhi fell by 30.19%. Looking at the Wind Apple Index, when the Apple concept stocks were most brilliant, starting from 5,245.29 points in October 2018, they climbed to 13080.88 points in mid-July 2020. The index rose nearly 150% in one and a half years. Afterward, it oscillated and consolidated, and finally broke the position and fell. At present, it has retracted about 20% from the high.
Reprint indicated source：Shine Trader Limited Live information