Apple iPhone Sales Keep the Global Market Pulse

Apple's iPhone sales continue to keep the pulse of the global mobile market.

Global Dynamics of iPhone Sales

■Q2 2024 iPhone sales rose 7%.

■China market posted the fastest growth at 12%.

■U.S. market saw a modest 3% decline, while premium model demand surged 15%.

■Average selling price held steady at $799, preserving profit margins.

Ripple Effects on BIST 100

■Apple shares up 2.3% on the NASDAQ triggered a technical buy signal for BIST 100.

■Technology‑focused ETFs in Istanbul rose 1.8%, attracting investor interest.

■USD/TRY exchange rate hovered around 8.15, with local Apple product prices up 4%.

Momentum Assessment Through Technical Lens

■Fibonacci retracement shows a pullback to the 0.618 level, yet a solid support resides within the Ichimoku cloud.

■200‑day moving average remains uptrend, while the 50‑day EMA signals short‑term momentum gain.

■RSI sits near 68, edging into overbought territory, and the MACD histogram confirms a positive trend.

Apple's consistent iPhone sales growth delivers a bullish boost to global tech equities and, notably, to Turkey's technology‑heavy ETFs within BIST 100. Fibonacci and Ichimoku analyses suggest that despite short‑term volatility, the long‑term upward trajectory remains intact. Portfolio managers should consider increasing Apple‑linked positions while hedging foreign‑exchange exposure.