Apple Stock Price Rose When the Company Announced the Apple TV 4K, iPad Pro With M2 Chip, and iPad Pro Redesign.

Apple Stock

Apple Stock Price (NASDAQ:AAPL)

On Tuesday, Apple (NASDAQ:AAPL) introduced a slew of new items, including an updated Apple TV set-top box and a refreshed iPad Pro tablet. As a result, Apple stock price soared today.

The new 4K Apple TV is powered by the A15 Bionic CPU and supports HDR10+. The pricing is lower ($129 vs. $179), the storage space is twice (64GB), and the device is thinner and lighter.

Starting today, you can place a preorder for the new Apple TV 4K, which will be released on November 4.

The M2 processor will power the 11-inch and 12.9-inch models of Apple’s (NASDAQ:AAPL) new iPad Pro. The M1 CPU was used in the first-generation iPad Pro.

Certain user interface elements may now react when a user draws close to the upgraded tablet and detects the presence of an Apple Pencil.

The base 128GB iPad Pro tablet is $799, while the base 12.9-inch iPad Pro tablet is $1,099. Preorders for both tablets may be placed now, with deliveries beginning on October 26.

Also on display was a newly updated iPad from Apple (NASDAQ:AAPL), available in your choice of four hues. The new 10.9-inch iPad has the A14 Bionic CPU, a Liquid Retina display, and more sophisticated cameras, like Apple’s Ultra Wide 12MP front camera, to facilitate higher-quality video calls.

The new iPad may be preordered now and will be ready for purchase on October 26. It is available in blue, pink, yellow, and silver. Prices for the new iPad begin at $449 for the 64GB Wi-Fi variant and $599 for the 64GB WiFi + Cellular device.

Instead of the typical product presentation and video showcasing the new smartphones, Apple sent out press releases.

Despite mounting consumer and commercial business threats, Morgan Stanley still has Apple stock as its top selection as of Monday, “suggesting additional downside to forecasts.”

Featured Image-  Megapixl @ Chrisdorney

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About the author: I'm a financial journalist with more than 1.5 years of experience. I have worked for different financial companies and covered stocks listed on ASX, NYSE, NASDAQ, etc. I have a degree in marketing from Bahria University Islamabad Campus (BUIC), Pakistan.