Apple Rocketing Higher After Major Product Announcements

Investors love Apple.

They loved it even more after it made a considerable number of product announcements on Tuesday, including three new models of the iPhone, a new iPad, and the Apple Watch Series 5.  So much so, they sent the stock from $212 to $220 with more upside likely.

Here’s what they just unveiled:

New iPhones

The company debuted three new smartphones, including the iPhone 11, the iPhone 11 Pro and even a $1,099 iPhone 11 Pro Max. All three are similar to the 10, but this one will now allow for wide angle photos, longer battery life, and quicker performance.

iWatch Series 5

Apple rolled out the Watch Series 5, which features a new always-on display which allows users to be able to see the time and notifications “when they haven’t raised their wrist,” says CNBC. Better, even with the always on display, Apple says the new Watch still has 18-hours-worth of battery life, thanks to polysilicone and oxide display.

Apple TV+ and Apple Arcade

Apple’s streaming video subscription service will roll out on November 1 2019 and be made available in 100 countries at launch. Apple already debuted a trailer for “See,” its new sci-fi drama that’s set to launch on Apple TV+ along with other original titles. 

Other original series that are expected to launch on the service include “The Morning Show,” which stars Jennifer Aniston, Reese Witherspoon, and Steve Carell, in addition to “Dickinson,” a drama series about Emily Dickenson that stars actresses like Hailee Steinfeld.

New iPad

The company also unveiled a new 10.2-inch iPad, featuring a Retina display, an 8-megapixel camera with Apple’s A10 Fusion chip built in.

No wonder Apple trades at $220 a share, especially with all of these “must own” gadgets.