Apple Stock News: Quarterly Earning, The Fall Launches, iPhone 15 Pro Display, Wallet App

Apple Stock News: Quarterly Earning

Apple Stock News: According to Bloomberg, Apple reported quarterly results that sailed past Wall Street estimates. Sales climbed 11% to a record $123.9 billion in the fiscal first quarter, while analysts had predicted $119.1 billion on average. Profit also beat projections, and the company predicted that sales would grow by a double-digit percentage in the March quarter. Earning per share rose to $2.10 in the first quarter, which ended Dec. 25, well above the $1.90 estimated by analysts.

The strong results from Apple show that the company has overcome the shortage crisis. Tim Cook had warned late last year that shortages could cost the company more than $6 billion in sales during the all-important holiday period. But the tech giant navigated the crisis and benefited from a flood of new products, including the iPhone 13, Apple Watch Series 7, and updated Macs. The earnings report “highlights the strength, and stickiness, of Apple’s ecosystem,” Morgan Stanley’s Katy Huberty wrote in a note to clients. She reiterated Apple as her top pick for 2022. On a conference call, Apple executives said supply-chain constraints would ease further in the March quarter, though its rate of growth would decelerate for both the overall business and the services segment. Apple didn’t give a specific sales target, beyond saying it would be a record for the period. Analysts are predicting that revenue will top $90 billion. The gross margin will be 42.5% to 43.5%, Apple said.

Apple Stock News: Apple’s Big Fall Release Plans for 2022


Apple Stock News: This year is going to be one of the most voluminous hardware products launched by Apple. Mark Gurman, Bloomberg’s reporter, has listed all products expected to launch this fall among which are new iPhones (14 Series), a low-end iPad, new iPad Pro, second-generation AirPods Pro, new Apple Watches, and a wide range of Mac series updates: new Mac Pro, MacBook Air, iMac.

BOE Plans to Supply Apple with Advanced Displays for iPhone 15 Pro


Chinese large display manufacturer BOE aims to provide OLED displays for Apple’s iPhone 15 Pro lineup, according to TheElec. BOE has started supplying Apple with displays for the 6.1-inch iPhone 13 lower-tier series. It is expected that BOE will expand the manufacture of its products with OLED low-temperature polycrystalline oxide technology (LTPO) displays by 2023, and will be able to feature in ‌iPhone‌ 15 Pro, replacing Samsung and LG as main manufacturers of displays for high-end iPhone models. It is stated that previously BOE hasn’t had worked with LTPO technology, which enables a variable refresh rate of up to 120Hz on the screen – more advanced technology compared to low-temperature polycrystalline silicon (LTPS) technology used now. That’s why Samsung had been the sole manufacturer of OLED LTPO displays for the iPhone 13 Pro series and will stay one of the main providers for the 14 Pro lineup.

Apple’s New Wallet App Feature – Hotel Room Key


Hotel room key is a new feature introduced in iOS 15 and watchOS 8 on the iPhone and Apple Watch, which allows unlocking room doors, elevators, some other common spaces in a hotel by tapping your personal device against a card reader, just like it is done with a plastic card key.

How it works in detail: After completing a reservation, guests can add a room key to the Wallet app. When check-in time arrives, guests will be notified, and as soon as they are checked in the key in the Wallet app will be activated. To speed up access you can use the key in Express Mode, which supports key work in the device’s blocked mode. Also, you can use the key in basic mode, which will provide an additional layer of security to process.

There are many advantages to use of this key. Firstly, it is very convenient to carry around and not to forget. Secondly, it provides a contactless experience, all operations with a room change, check out and others can be done remotely with the use of the new Apple’s feature. Adopted for the first time last month by several Hyatt chain hotels, it is likely to spread in the near future globally.

Read More Apple Stock News in 2022

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