iPhone 5G Spurs Speculation on IT Stocks

iPhone 5G Spurs Speculation on IT Stocks

The announcement of the iPhone 12 event taking place on October 13 at 10:00 local in the US. pushed IT and its related stocks higher, highlighting 5G technology. The new iPhone including iPhone 12 mini, iPhone 12, iPhone 12 Pro and iPhone 12 Pro Max will support 5G which gives an extremely speeds for data transmission

Ending the long waiting for big fans of the iPhone..!

Despite having a question on its expensive price, there are a ton of people who are willing to pay for it even amid the economic slowdown caused by Covid-19 pandemic.

New iPhone collection prices are expected between 23,500 baht and 45,400 baht.

Mobile phone operators such as AIS of Advanced Info Service Public Company Limited (ADVANC), DTAC of Total Access Communication Public Company Limited (DTAC) and TRUE of True Corporation Public Company Limited (TRUE) are about to begin the marketing competition by launching iPhone 12 promotions in order to attract people to use iPhone 5G. 

While IT-related shares like S P V I Public Company Limited (SPVI), COM7 Public Company Limited (COM7), Copperwired Public Company Limited (CPW), Synnex (Thailand) Public Company Limited (SYNEX) and SIS Distribution (Thailand) Public Company Limited (SIS) are all benefited from the Apple’s announcement as well.

Following Apple released the date for the iPhone 12 event, yesterday (Oct 7) there was speculation pressure on the IT group…SPVI jumped 15.09% to close at ฿3.66/share with a trading value of 494 million baht, SIS soared 8.51% to close at ฿20.40/share with a trading value of 124 baht.

SYNEX surged 7.59% to ฿15.60/share with a trading value of 258 million baht, COM7 gained 3.70% to ฿42.00/share with a trading value of 213 million baht and CPW rose 2.36% to ฿2.60/share with a trading value of 106 million baht.