Apple Stock News: Bitcoin & Cryptocurrency, Augmented Reality Devices, iPhone 12

Top Apple Stock News: Bitcoin & Cryptocurrency on the Wallet App – Next Big Move


Top Apple Stock News: Apple may offer its users the ability to buy and sell a cryptocurrency, thus increasing this technology’s immediate market share. According to Reuters, the opportunity could make it easier for individual Apple buyers to buy crypto assets such as Bitcoin, Ethereum, and even DogeCoin. Buying and selling cryptocurrency can be integrated directly into the Wallet app on iPhone and iPad. This would make the United States the world leader in cryptocurrency.


Take the Square app, which has around 30 million users. Square’s Q2 2020 report says Bitcoin revenue was $875 million and $17 million in gross profit (the figure above). These results are 600% and 711% higher than last year, and the company attributes the growth to increased Bitcoin activity and increased consumer demand. Hence, if Apple chooses to buy and sell a cryptocurrency, it could make even more profits. The potential revenue opportunity will exceed $40 billion a year. According to Yahoo Finance, Apple has an installation base of 1.5 billion devices, and if we assume that only 200 million users make transactions, this is 6.66 times more than Square.

Apple Partnership With TSMC: Future Augmented Reality Devices In 2023


Apple partnered with Taiwan Semiconductor Manufacturing Co. to develop state-of-the-art display technology at a secret facility in Taiwan. Apple plans to develop micro-OLED displays – a fundamentally different type of display built directly on-chip plates – with the ultimate goal of using the new technology in its future augmented reality devices. The micro-OLED project is currently in trial production and will require some years. The size of the developed displays is less than 1 inch. Apple is still working on underlying technologies for its AR glasses, codenamed N421. Apple has previously targeted as early as 2023 to unveil it.

Apple’s other display project at the Longtan campus focuses on micro-LED technology, which the company hopes to use in Apple Watch, iPad, and MacBook eventually. Apple partnered with Taiwanese LED company Epistar to jointly develop this technology. Like micro-OLED, the micro-LED project also includes some of the chip technology.


The AR and VR smart glasses market is gaining immense momentum and also promising tremendous growth in the coming years. The global AR and VR smart glasses market is expected to grow at a CAGR of approximately 13% during the forecast period 2017-2023. Smart augmented reality glasses revenue is forecast to amount to around $19.7 billion by 2022 (the figure above).

iPhone 12: Apple Big Jumps With 5G


In the first quarter, Apple’s revenue was over $100 billion, up 21% over the previous year. Apple’s iPhone revenue increased 17% year-over-year to about $66 billion. The launch of iPhone 12 models propelled Apple to the top spot in 5G smartphone sales just a few weeks after launch. IDC estimates that Apple shipped 90.1 million iPhones worldwide in the fourth quarter of last year, up 22.2% from the previous year. This helped Apple secure 23.4% of the global smartphone market during the quarter, up from 19.9% ​​of the market it held a year earlier.


In comparison, Samsung’s shipments grew at a much slower pace, increasing 6.2% over the previous year. Thus, Apple outpaced its biggest competitor in the quarter when 5G smartphone sales began to rise.

Apple’s dominance of 5G due to the following factors. First, the prices of new devices are lower than those of competitors. iPhone 12 mini starts at $699, while Samsung Galaxy S21 5G starts at $799. Second, Apple has a vast iPhone user base waiting to upgrade to a 5G device, which could boost iPhone shipments to 250 million units in 2021. It is predicted that Apple will take 35% of the 5G smartphone market in 2021, thanks to these advantages.

Read More About Apple Stock News in 2021

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