Apple Inc. (NASDAQ:AAPL): Apple Stock Retests $137.10 as the Company Unveils New MacBook Pro

 


Apple stock moved higher on Tue and is now retesting the $137.10 resistance level after the company unveiled the new MacBook Pro featuring high-powered M2 Pro and M2 Max chips. If the bullish momentum continues, the stock could retest a key trendline resistance at around $144 before its fiscal first quarter earnings on Feb 2.

Another factor to consider: Gartner reported last week that Apple's market share in 4Q22 jumped 2.1% to 10.7%, compared to 8.6% in 4Q21. Note that Apple and ASUS, with a 0.8% gain, were the only major brands to gain market share in 4Q22, while global PC shipments collapsed 28.5%.

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

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