Apple Stock News: Taxes and Foldable Phones in Apple’s Future

Apple Stock News

For the latest Apple Stock News, AAPL closed at $115.97 on Friday, December 16, 2016 with a 0.13% gain, or $0.15 from its previous close of $115.82 per share.


Ireland and Apple made a deal that included a $14 billion tax bill that eventually got Ireland into trouble with the EU. The tax bill allowed Apple to decide how much they wanted to pay in taxes. The EU stated that the bill was against European law. The EU ordered Ireland to bill the Apple $13 billion euros which is equal to $13.9 billion, in back taxes, plus interest between the years of 2003 to 2014.

On another note, the flip phone is back and Apple is partnered up with LG on their new flip OLED panels. History repeats itself, and apparently it is no different in the world of technology. The OLED panels are called “out-foldable” panels which fold outward and essentially turn your smartphone into a tablet. LG has invested about $1.75 billion into the new technology. The OLED displays are said to be released by 2018, but Apple plans to use their technology next year with their smartphones. Apple already has its own patents on foldable smartphones and now they can use the LG technology to bring their patents to life.

This may be the new improvement Apple needs in order to solidify its place as one of the top smartphone makers around the world. What does this mean for AAPL? It means that the company stock will continue to rise, especially around the release of the iPhone 8.

Keep checking back for more news regarding AAPL. For Full AAPL forecasts and investment advice by our state of the art algorithm click here.

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