Apple leads in the smartphone market - again
According to the International Data Corporation (IDC) report, Apple Inc. has secured the leading position in the smartphone market for the first time since 2010. The second position is now held by the former leader, Samsung Electronics Co., Ltd. Notably, the overall smartphone market volume has declined by 3.2%, reaching a total of 1.17 billion devices.
If Apple manages to maintain its market share, the company's revenue will likely increase further amid the sector's recovery. In Q4 2023, this market saw an 8.5% growth compared to the previous year, with 326.1 million shipments, surpassing the forecasted 7.3% growth.
So, today, we will examine the Apple Inc (NASDAQ: AAPL) stock chart.
On the D1 timeframe, resistance has formed at 194.66, with support at 180.17. There is a high likelihood that the current downward trend will be broken after a rebound from the support level.
On the H1 timeframe, a rebound from the 180.17 level could set a short-term target for a price increase at 189.06, while in the medium term, it could hover around 198.26.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
If Apple manages to maintain its market share, the company's revenue will likely increase further amid the sector's recovery. In Q4 2023, this market saw an 8.5% growth compared to the previous year, with 326.1 million shipments, surpassing the forecasted 7.3% growth.
So, today, we will examine the Apple Inc (NASDAQ: AAPL) stock chart.
On the D1 timeframe, resistance has formed at 194.66, with support at 180.17. There is a high likelihood that the current downward trend will be broken after a rebound from the support level.
On the H1 timeframe, a rebound from the 180.17 level could set a short-term target for a price increase at 189.06, while in the medium term, it could hover around 198.26.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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