CNBC Television published this video item, entitled “Top analyst on how Apple stock could react to product launch event” – below is their description.
Toni Sacconaghi, Bernstein senior research analyst, joins ‘Squawk on the Street’ to discuss his product expectations from Apple’s ‘Spring Loaded’ event later this afternoon and if Apple’s stock could react to the product drops. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Apple will hold its first product launch event of the year on Tuesday.
On deck: New iPad Pros are expected to be the primary new hardware products Apple unveils. While Apple’s iPad business showed lackluster growth in the mid-2010s, it has seen a boom over the last year as consumers worked and played from home during the pandemic.
But beyond the new gadgets, Apple is facing a decade of increased competition and courtroom battles on numerous fronts from the likes of Facebook, Epic Games, Spotify and lawmakers and regulators around the world. It may feel like just another iPad event. But there’s a lot of tension bubbling under the surface at Apple. And a lot of it could threaten Apple’s next wave of growth as it expands into more digital services and new forms of computing technology.
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