27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Over a month after saying Apple Inc. (NASDAQ:AAPL) might have canceled iPhone SE 4, a top analyst says the company is restarting it — and the entry-level phone could now upstage iPhone 16.
What Happened: Ming-Chi Kuo, an analyst at TF International Securities and popular Apple leaker, took to Twitter to share his latest survey results.
See Also: How To Buy Apple (AAPL) Shares
He said, “Apple has restarted the iPhone SE 4 and will adopt an in-house 5G baseband chip.”
Kuo says the new iPhone SE 4 will feature an OLED display replacing LCD. It will also support Apple’s 5G baseband chip. “Overall, the SE 4 is a minor modification of the 6.1-inch iPhone 14.”
The analyst stated that while it is still being determined whether the iPhone 16 lineup will integrate Apple’s 5G baseband chip, once the new iPhone SE 4 starts using the technology, “it’s a foregone conclusion" that Qualcomm Inc.'s (NASDAQ:QCOM) Apple "orders will decline significantly."
Why It’s Important: In January, Kuo said the Cupertino, California-based tech giant has instructed suppliers indicating that the production and shipment for the 2024 iPhone SE 4 have been “canceled rather than delayed.”
In December also, he said that Apple would cancel or postpone the mass production of iPhone SE 4 — most likely due to the consistently lower-than-expected shipments of mid-to-low-end iPhones.
The iPhone SE series is Tim Cook-led company’s entry-level product range. It is largely considered the most inexpensive of iPhones.
Check out more of Benzinga’s Consumer Tech coverage by following this link.
Read Next: Apple MR Headset Delayed Once More, Could Launch Alongside iPhone 15 Later This Year
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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