Apple Stock News: New Data Centre and Renewed Positioning

Apple Stock News

For the latest Apple Stock News, AAPL closed at $149.05 per share on, July 14th, 2017. It generated a return of 0.87% from its previous close on July 13th, 2017, when it closed at $147.76 per share.

On July 13th, 2017, Apple announced that it has plans to build its first data center in China. This will be in partnership with a Chinese data management company. Thus making Apple join the ranks of other tech giants who have made similar moves, including Amazon, Microsoft, and IBM.

From a product functionality standpoint, this data centre and any future data centres are predicted to rapidly improve the various iOS services that are present with the iPhone.

This new data centre is expected to allow Apple to operate at a much more competitive level with local Chinese smartphone producers. These companies have generally offered smartphone products noticeably cheaper than Apple’s iPhone. Unfortunately, this phenomenon has cost Apple dearly in China.

It is therefore a strong signal that Apple is taking the appropriate and necessary steps to close the gap that exists between it and local players. Together, these measures are believed to become a positive boost to the sales and profitability of the American tech giant.

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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