Why Buy Apple Stock Before Earnings As A Long-Term Play?

Apple (AAPL) shares are having over 6% in the last month and they have fallen since its October 12 event that is showcased a new lineup of 5G-enabled iPhones. GOOGL which partly is focusing on its relationship with Apple. Despite the concerns, the lawsuit will be truly shaking up Google or Apple. It will be fighting back against the lawsuit and the litigation could be taking years. It is also worth noting that Alphabet stock is climbed this week. It might be telling investors something. Apple will be releasing fourth-quarter fiscal 2020 financial results that are due out on Thursday, October 29 to help decide if it is time to buy AAPL stock.

Quick Antitrust Overview

• Google is releasing heavily on search traffic from iPhones and the search engine is the current default on Apple’s Safari phone browser. The two tech giants are not releasing the financial significance of this mutually beneficial relationship.
• Google is paying Apple between $8 billion to $10 billion a year to be the default search engine on iOS devices. The DOJ lawsuit is projecting this partnership accounts for between 15% and 20% of Apple’s annual profits.
• These are one of the big numbers and the situation is worth monitoring closely. It is not preventing any of their stocks from climbing to new highs. And their overall earnings outlook.

Apple’s Growth

• Apple’s newest iPhone came available on Friday, October 23. The iPhone 12 is one of the first 5G-capable phones and it will be available in four models at various price points. The AAPL company is priced higher-end models roughly the same as last year’s iPhone 11, despite the new features and its 5G capabilities.
• The price-point is helping entice consumers to buy the new iPhone. It is updating to features such as the camera. The next-generation wireless network will be playing a key role in the future and the company is prepared to benefit from the transition.
• Apple is one of the best marketers in retail history, and it is remaining the world’s most valuable brand.
• The pre-order numbers for the iPhone 12 Pro are having strong across all markets. Apple’s iPhone is selling popped last quarter. Mac and iPad are selling surged amid the remote work and schooling push.
• Apple is coming from its massive App store and subscription services that are including Spotify SPOT competitor Apple Music, its streaming TV service, news offering, video gaming, and more.

If you want to invest in this stock, you can check more stock information such as cash flow at https://www.webull.com/cash-flow/nasdaq-aapl.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.