Apple stock news
For the latest Apple stock news, AAPL closed at $117.91 on Friday, January 6th, with a 1.11% increase, or $1.30 from its previous close of $116.61 per share.
Although AAPL closed positively, Apple said in a regulatory filing that annual sales of $215.6 billion were 3.7% below target. It was the first time that, under CEO Tim Cook’s tenure, Apple missed its maximum revenue target for the year.
A decrease in the expected revenues is caused by the rising of competition in China where lower-priced smartphone’s companies such as Huawei Technologies Co. sell advanced phones like the Mate9.
However, Apple is launching new products and technologies showing its ability to still be cutting-edge.
News from Cupertino shows that the tech giant created a new mode for iPhone and iPad: theatre mode that will dim the screen and quieten your audio output.
Apple will release a third-generation Apple Watch that could introduce the first significant design changes for the timepiece.
Further, Apple will launch three models (an iPhone 7S, an iPhone 7S Plus, and the presumptively named iPhone 8), which will feature fast charge circuits, as well as the inclusion of wireless charging.
In a nutshell? Apple remains one of the most profitable U.S. company, with net income of $45.7 billion in fiscal 2016.
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