The AAPL stock regained 9.3% of its value in a single day, after the important fallout of the past few days resulting from concerns about the impact of the coronavirus epidemic on the supply chain and iPhone sales in China.
There are three factors who helped release the Apple title in the past 24 hours. First, investors seem to have understood that i Sell-off initials were an overreaction to what could be a short term problem. Tim Cook also sent several messages to make it clear that the impact of the coronavirus will have an impact on Apple’s economy only in the short term, adding that the various factories in China are slowly resuming production.
Second, i governments they are working to limit the coronavirus blows to the economy, which will in any case be short-term. Finally, Oppenheimer said yesterday in a note that Apple is now in a better position to recover from the problems arising from the coronavirus compared to its competitors.
“Our studies indicate that Apple will prove more resistant than other realities, as companies around the world navigate the change in supply chains and the uncertainty of customer demand “Oppenheimer analyst Andrew Uerkwitz wrote in a note shared yesterday. In practice, Apple has moved in time and has diversified its supply chain, to avoid problems in the short term.