Apple Stock News
For the latest Apple Stock News, AAPL closed at $109.99 on Wednesday, November 16th, with a 2.68% gain, or $2.88 from its previous close of $107.11 per share. The stock rose as retail giant, Target Corp, revealed favorable results. Target’s latest quarter earnings on Wednesday, revealed demand for Apple products were three times as much as a year ago. Such encouraging news will make investors anxious for Apple’s sales figure for the upcoming holidays.
The much anticipated airpods is scheduled to be released before holiday in December. I Know First’s previous article in September 11, 2016, briefly described the iPhone 7 and its future phones to forgo the 3.5 mm jack. Utilizing lighting technology, these head sets are designed to replace auxiliary headphones. Originally scheduled to be released on October 2016, Apple will begin shipping the airpods next month, December 2016.
In a bid to boost its fastest growing business segment, service, Apple will cut fees for video services by half. Although this will appease Apple’s customers, some see this decision as anti-competitive. Starting next month, Apple will release a new app to show tv shows and movies shared from multiple apps. Despite not releasing its first original tv series, Apple is continuing to diversify its revenue stream from its slowing iPhone sales. Moreover, this could alleviate Apple’s dependence on a single product. Seems likely, Apple’s first tv series will be delayed further.
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