- Shares of Apple soared Monday, as investors looked ahead to the company’s product launch that’s expected to reveal new iPhones.
- It marks the biggest gains for the company since July 31, when Apple stock closed up 10.47% due to its blowout third quarter.
Shares of Apple soared 6.35% Monday, as investors looked ahead to the company’s product launch that’s expected to reveal new iPhones.
It marks the biggest gains for the company since July 31, when Apple stock closed up 10.47% after reporting a blowout quarter.
Apple is expected on Tuesday to reveal the first major redesign of the iPhone’s exterior since 2017. The company is also likely to release four separate iPhones at different screen sizes and prices, marking a wider range for the company than typical. It’s also expected to release iPhones with 5G cellular network, which promise faster download times.
“We expect this fall’s launch to be the most significant iPhone event in years,” Morgan Stanley analyst Katy Huberty wrote in a note this week. Huberty is forecasting Apple to ship about 220 million iPhones in its fiscal 2021, which would be up 22% year-over-year, according to the Morgan Stanley model.
Many iPhone owners are also likely due for an upgrade, according to Wedbush Securities.
“With our estimation that 350 million of 950 million iPhones worldwide are currently in the window of an upgrade opportunity, we believe this will translate into an unprecedented upgrade cycle for Cook & Co,” the analysts wrote.
Wall Street could also be using history as a gauge ahead of Tuesday’s event. Apple stock has a long history of outperforming
In its broad strokes, these findings do not deviate significantly from Twitter’s public portrayals of the effects of its move against QAnon, which came after more than 2 1/2 years of mounting evidence about the hateful, violent nature of the conspiracy theory and its penchant for sparking real-world crimes. The House of Representatives voted Friday to condemn QAnon.
Twitter has said it sought to eliminate accounts committing violations against its rules on harassment, hate speech and incitement to violence but also wanted to allow QAnon supporters to continue operating on the platform — albeit with new restrictions — so long as they followed platform policies. Overall, the company says its action caused discussion of the conspiracy theory to fall by more than half.
The researchers, however, found troubling evidence that Twitter has not yet done enough and that the conspiracy theory continues to “persist and expand” on the site, said Daniel J. Jones, a former F.B.I. analyst and Senate investigator who lead the review of the CIA’s torture program, now president of Advance Democracy.
Some of the surviving accounts have more than 100,000 followers each and and have worked to co-opt hashtags not previously affiliated with the movement, including #savethechildren and #inittogether, which started as a call for unity in facing the covid-19 pandemic before being adopted by QAnon supporters, the report found. Followers of the conspiracy theory have consistently downplayed the public health crisis and spread disinformation about its origins, potential remedies and the likely safety risks of a future vaccine against it.
“The QAnon ideology undermines trust in public institutions and sows societal divisions through hate speech and the spread of unfounded conspiracy theories,” said Jones. “Addressing this threat is going to require more robust action by the social media platforms, but more importantly, it’s going to require