Apple Stock News
On Friday, June 24, Apple’s stock (AAPL) closed 2.8% lower. The drop came after news that the Britons have decided to drop out of the EU. This came as a shock to many and sent markets tumbling downward which affected Apple’s stock. The downward trend might continue into next week.
Apple has been in the headlines a lot lately with future plans for growth, but at the same time troubling news. The bad news first. Last week Apple was being sued by Baili, a Chinese device maker. They accuse Apple of copying its smartphone in their iPhone 6 and iPhone 6S. There has been no update on this story, or what Apple plans on doing. Moving on to better news, Apple showed the world last week its future growth plans at the World Wide Developers Conference. The conference showed the new iOS 10 software for their iPhones, iPads, Computers, Watches, and TV. All of the updates are coming from user feedback to make the devices easier and more convenient to use.
One big story that has been in the press a lot lately, is Apple deciding for its first time not to follow its usual schedule of releasing a new hardware looking iPhone. The iPhone 6 was released in Q4 of 2014, and 6s and 6s+ in Q4 of 2015. The typical trend would be for another number added to the iPhone, making its 7, and new hardware to make the model actually look new. This seems not be the case for the latter. There is speculation about Apple getting rid of the headphone jack, and putting in a c-port, but otherwise, it will look the same. The debates right now are what the iPhone 8 will look like, and when Apple will release it.