Apple Inc. (AAPL) shares took a dip on Monday, as investors anticipate the company’s upcoming annual iPhone event scheduled for September 9th. This event is where Apple is expected to unveil the new iPhone 16 series, potentially marking the end of the road for several older models.
According to market analysts, Apple is likely to discontinue the iPhone 15 Pro, iPhone 15 Pro Max, iPhone 14 Plus, and iPhone 13 following the iPhone 16 launch. This strategy is in line with Apple’s usual practice of phasing out older models to make way for newer releases.
The upcoming event, dubbed “Glowtime,” is poised to be a significant showcase for Apple, featuring new iPhones equipped with AI capabilities, larger screen sizes, and other enhanced features.
Beyond product launches, Apple is also indirectly involved in crucial supply chain developments, particularly in Taiwan. Taiwan Semiconductor Manufacturing Co. (TSM), a major chip supplier for Apple, is spearheading efforts to localize neon gas production by 2025. This initiative aims to ensure a stable supply of neon gas, a critical component in chip manufacturing, which faced disruptions due to geopolitical tensions.
Localizing neon gas production underscores the importance of maintaining a resilient supply chain for Apple’s future products, especially as the demand for advanced chips continues to rise.
As of the latest trading, Apple shares are down 2.93%, trading at $222.41 according to Benzinga Pro.
