Apple Stock News: App Store Presented Record-Breaking Holiday Season

Apple Stock News

App Store presented record-breaking holiday season. New Year’s Day 2018 set record with $300 million in purchases in apps and games. Starting on Christmas Eve, over $890 million were spent during the week on purchases or downloaded apps from App Store.

The tech giant senior vice president of Worldwide Marketing stated that Apple is “thrilled with the reaction to the new App Store and to see to many customers discovering and enjoying new apps and games.”

According to him, iOS developers earned in 2017 $26.5 billion. It is a 30% increase over the previous year. Among the most popular downloads Pokémon GO was leading the list.

IOS developers have earned over $86 billion since the App Store launch in July 2008.

On December 15th, 2016, I Know First issued a bullish long term forecast for Apple. Since then, Apple stock price went up 55.41% in accordance with the I Know First forecast sent to subscribers.

Current I Know First subscribers received this AAPL forecast on December 15th, 2016

For the latest Apple Stock News, AAPL closed at $177.09 per share on January 12th, 2018. It generated profits of 1.01% from its previous close on January 11th, 2018, when it closed at $175.28 per share.

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

Apple Stock News: Senator John Thune Is Asking Apple For Transparency

Apple Stock News

Senator John Thune, a Republican lawmaker who chairs a key congressional committee that oversees tech issues, has sent a letter to Apple questioning the iPhone maker about the slow down of older iPhone models.

Apple is facing many lawsuits after the company slowed down the performance of the older iPhones. In response, the company started to offer discounted battery replacements for $29.

The Chair of the Commerce, Science and Transportation Committee is asking for transparency. Thune wants to know how Apple came to the conclusion to replace batteries for $29 or if the company ever considered making battery replacements free. He also wants to know if Apple considered offering rebates for customers who paid full price for replacing their batteries.

On the letter, Thune said that “the large volume of consumer criticism leveled against the company in light of its admission suggests that there should have been better transparency.”

Apple should answer Senator Thune by January 23.

For the latest Apple Stock News, AAPL closed at $174.29 per share on January 10th, 2018. It generated losses of 0.02% from its previous close on January 9th, 2018, when it closed at $174.33 per share.

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Apple Stock News: Apple Releases Updates Against Microchip Security Flaw Spectre

Apple Stock News

Apple releases security updates for iOS, MacOS, and Safari to protect users from a computer chip vulnerability. Called Spectre, the microchip security flaw, which left computing devices vulnerable to hackers, affected chips from Intel, AMD and Arm. Spectre affected nearly all computer chips made in the last decade.

Less than a week after news stated that Intel, Arm and AMD chips contained the flaw, Apple released the update. The hacking attack could reveal secret information on these devices. For the attack to work, hackers need to install malicious software onto the device in order to make sensitive information, such as passwords and encryption keys, easier to steal.

According to Apple, almost all of its devices are affected by this flaw. Despite the risk that it could expose billions of people’s personal data to cyber criminals, the tech giant affirmed that there were no known instances of hackers taking advantage of the flaw.

The operating system software update is available for Macs, iPhones, iPads and Apple TV. Spectre did not affect Apple Watch.

For the latest Apple Stock News, AAPL closed at $174.35 per share on January 8th, 2018. It generated losses of 0.37% from its previous close on January 5th, 2018, when it closed at $175 per share.

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

Apple Stock News: Apple’s Fall 2018 iPhone Lineup Most Comprehensive to Date

Apple Stock News

According to sources such as respected technology analyst TrendForce, as well as respected Apple analyst Ming-Chi Ku of KGI Securities, there will be three new iPhones released in 2018.  The most noticeable change will be the size of the devices.  The next generation of the iPhone X will come in two model ranges, standard and plus.  The standard handset will remain at 5.8-inches.  The plus version will have a display of 6.2-6.5-inches.  This giant of a smartphone will test the limits of premium smartphone pricing with a likely sales price of $1,099 to $1,149.  Both next generation iPhone X’s will use the second generation of Face ID technology which is expected to result in an increased screen-to-body ratio and possibly an increased memory configuration.

The third new iPhone should take the place of the iPhone 8 and 8+.  It will have a LCD display and is rumored to be an upgrade to the iPhone SE with the display size growing from 4-inches to 6.1-inches.  It is also rumored that the 2018 iPhones will rely on both Qualcomm and Intel 4G modems and they will all support Gigabit LTE transmission speeds.  Only the 2017 iPhones that had Qualcomm modems could support these speeds before.  This expanded iPhone lineup should be the most comprehensive to date due to the various options in terms of pricing and form.  Apple also seems to have learned from its iPhone X production mistakes because according to Piper Jaffray analyst Michael Olson, 3D sensing suppliers “are being told to generate volume for the Fall 2018 launch that is three times what was made for the iPhone X this past year.”

In Other News

It’s believed that the iPad Pro lineup will get some of the new technologies now in the iPhone X.  The new iPad Pro will have no home button, will feature a slimmer bezel, and it will support Face ID which would yield a larger display size.  The tablets should still have LCD displays.  Per Digitimes, Apple will also launch a new 9.7-inch iPad at a price of $259.  This price is $70 less than the price of the popular iPad launched in March 2017.

According to Citi, there’s a 40% chance Apple will buy Netflix.  It will be easier due to Apple having access to its repatriated cash soon.  Apple has never done large acquisitions before, but Netflix is the clear leader in the streaming space and Apple is keen on succeeding in this market.


On September 8th, 2017, I Know First sent to subscribers a bullish forecast for AAPL. Since then, Apple’s stock has increased 8% in accordance with the forecast.

Current I Know First subscribers received this AAPL forecast on September 8th, 2017.

For the latest Apple Stock News, AAPL closed at $172.26 per share on January 2nd, 2018. It increased 1.79% from its previous close on December 29th, 2017, when it closed at $169.23 per share.

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

Apple Stock News: Apple Is Offering $29 Battery Replacement After Slowing Down Oldest IPhones

Apple Stock News

After facing a few lawsuits for slowing down oldest versions of iPhones, Apple is offering cheaper battery replacements for a year. The price of batteries for the affected iPhones was reduced from $79 to $29.

Moreover, Apple also published a letter of apologize for their customers. According to this letter, everything was a misunderstanding. On the message, Apple stated that it never had the intention to shorten the life of any Apple product, or degrade the user experience to drive customer upgrades.

Furthermore, Apple will issue an iOS software update in early 2018 with new features that give users more visibility into the health of their iPhone’s battery.

The $50 discount on battery replacements is already available for iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus, iPhone 7, iPhone 7 Plus and iPhone SE.

On September 8th, 2017, I Know First sent to subscribers a bullish forecast for AAPL. Since then, Apple Stock increased 4.94% in accordance with the forecast.

Current I Know First subscribers received this AAPL forecast on September 8th, 2017

For the latest Apple Stock News, AAPL closed at $169.23 per share on December 29th, 2017. It generated losses of 1.08% from its previous close on December 28th, 2017, when it closed at $171.08 per share.

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

Apple Stock News: Apple’s AI Respects User Privacy

Apple Stock News

During this past year, Apple has been sending a message that AI, or Artificial Intelligence, is the future and that Apple will be a part of that future.  Apple’s AI is already visible with Siri, the voice assistant, but that is only a small part of Apple’s AI.  What Apple excels at is “offline AI.”  Due to Apple’s emphasis on user privacy, the company has focused on “on-device computing” which has the AI capabilities on the device itself and not on the cloud, allowing it to use AI offline.  This differs from Google, Amazon, and Microsoft with their use of the more prevalent “online AI.”  With online AI, user data is aggregated in the cloud which has led to AI systems that learn quickly as a result of the steady inflow of new data.  Apple’s offline AI uses a technique called differential privacy which is capable of identifying trends without transmitting personal data.

The iPhone 8 and iPhone X both employ this offline AI technology with the help of Apple’s A11 Bionic Chip with its own built-in neural engine which Apple described as “the most powerful and smartest chip ever in a smartphone.”  The chip was designed specifically for machine learning AI algorithms.  After Apple’s release of the Core ML iOS 11 software update, even developers now have access to the A11 chip for certain AI applications which they can integrate into their apps without the data ever leaving the phone.  As data and privacy rights become increasingly important globally, it is reassuring to know that Apple is on the side of user privacy.

Currently, Apple is still primarily a maker of premium hardware with a focus on customer experience, but their AI technology could expand their reach in so many ways.  For example, their AI could be used to help diagnose complex health problems before the user is even aware that they’re at risk.  Wearables such as the Apple Watch would help to gather this data and analyze it for patterns.  Apple’s AI will also be employed in software for self-driving cars as well as in augmented-reality applications.

In Other News

Apple devices accounted for 44% of smartphone and tablet activations globally during the holiday season with the leading Apple devices being the iPhone 7, iPhone 6, and iPhone X.

It is also being reported that Apple is in licensing discussions with Riyadh on investing in Saudi Arabia.  Apple currently sells its products via third parties, but they yet to establish a direct presence.  About 70% of the Saudi population is under 30 and they are heavy users of smartphones and social media.

For the latest Apple Stock News, AAPL closed at $171.08 per share on December 28th, 2017. It increased 0.28% from its previous close on December 27th, 2017, when it closed at $170.60 per share.

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

Apple Stock News: Apple Is Facing Lawsuit For Causing IPhone Slow Down

Apple Stock News

Apple is being sued after causing iPhone slow down. Class action lawsuits were filed in United States (New York, California and Illinois) and Israel. The Israeli class action filed in Tel Aviv is charging the tech giant $125 million. In United States the amount in controversy exceeds $5 million.

Apple is being accused of not disclosing that software updates would slow the performance of the older iPhone models. Claimers are stating that the degrading in the performance was done without their consent. Moreover, they also believe that this action was taken to force users to upgrade to newer iPhone devices.

AAPL admitted slowing the performance of old iPhone versions. The company declared that this measure was taken in order to protect and prolong battery life of these devices and in any way to force customers to buy new iPhone models.

Apple stated “Our goal is to deliver the best experience for customers, which includes overall performance and prolonging the life of their devices.”

According to owners of old iPhone models, they never had the option to choose whether they would like to have their devices slowed down or risk damaging their batteries.

On March 9th, 2017, I Know First has sent to subscribers a bullish forecast for AAPL. Since then, Apple Stock increased 25.91% in accordance with the forecast.

For the latest Apple Stock News, AAPL closed at $175.01 per share on December 22nd, 2017. It did not generate any profits or losses from its previous close on December 21st, 2017, when it also closed at $175.01 per share.

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

Apple Stock News: Tax Reform Bill a Mixed Bag for Apple

Apple Stock News

The good news from the tax reform bill is that Apple’s corporate tax rate will decline by 40%, from the current 35% to 21%.  But that’s not all.  The bill would create a cash repatriation holiday where companies would pay a one-time tax of 15.5% on the overseas cash they bring back to the U.S.  After the repatriation holiday is over, companies would pay at least 10.5% on repatriated cash, but would be able to deduct foreign taxes already paid on the income.  This would effectively lower the repatriation rate to zero in the future.  Apple holds more than $250B in foreign subsidiaries.  It is believed that Apple will repatriate anywhere from half to nearly all of its overseas cash.  Apple would likely use the repatriated cash to pay down its $97B in long term debt as well as to fund stock buybacks and dividends.

Now for the bad news.  There is a key provision in the bill that affects Apple’s decades long practice of holding IP in foreign subsidiaries.  This practice has allowed Apple to significantly reduce its overall tax rate.  What happens is Apple attributes a large portion of the value of its products to IP such as patents and trademarks.  This IP is then left in countries with low tax rates such as Ireland.  The foreign subsidiaries holding the IP then receive substantial patent royalties and licensing fees based on all of Apple’s sales.  These fees and royalties are then taxed at a very low rate.

The key provision in the new tax bill creates a minimum tax of 13% on foreign patent income while creating a tax break on domestic patent income from 21% to 13.1%.  It is meant to discourage companies from holding their patents overseas as the tax benefit is basically eliminated.  The problem is the bill doesn’t include a way for companies to bring back foreign-held patents to the U.S. without being taxed.  However, the truly bad news for Apple is that there’s a very good chance that the 13% tax rate is still notably higher than Apple’s non-U.S. tax rate which could mean Apple’s taxes might actually increase.

In Other News

Apple is reportedly working on a smartwatch heart-monitoring feature.  It is part of Apple’s strategy to turn the Apple Watch into a medical device.  The tech giant also filed a patent for a self-driving navigation system that would anticipate routes via sensors and processors in the vehicle rather than rely on static information like maps.  Health technology and self-driving technology are two potentially huge markets that could help drive Apple’s growth in the future.

Apple acquired popular music discovery app Shazam for an estimated $400M.  Apple will possibly want to integrate the software into Apple Music as well as the HomePod.  Shazam also has Augmented Reality services, an area that Apple is growing in.

Lastly, iPhone owners from multiple states have brought a suit against Apple for not disclosing sooner that it issued software updates deliberately slowing older model phones so aging batteries could last longer.  The silence on Apple’s part led these owners to mistakenly believe that their only option was to buy a newer and more expensive iPhone.  Instead, it is now known that they could have just replaced their batteries to speed up the phones.  The suit alleges that Apple violated consumer fraud laws.  The lawsuit seeks class-action status to represent the thousands of iPhone users across the U.S.  The phones involved are the iPhone 6s, iPhone SE, and the iPhone 7.

For the latest Apple Stock News, AAPL closed at $175.01 per share on December 22nd, 2017. It had no change from its previous close on December 21st, 2017, when it closed at $175.01 per share.

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

Apple Stock News: Apple Finally Caught Up With IPhone X Demand

Apple Stock News

Apple has finally caught up with the iPhone X demand. The phone, which faced shipment issues on its debut due to supply chain constraints, can now be acquired in only one day after ordering. The next-day delivery option is available in the United States, the United Kingdom and a few other countries.

With this balance between supply and demand, which does not mean weak demand, but rather better-than-expected production, Apple is expecting to break records on revenue and profitability. The company is expecting to sell 83 million units this holiday season, an increase of 5 million units from the previous record. Although this optimism released on Apple’s first-quarter guidance, we will have to wait to discover these numbers.

On September 8th, 2017, I Know First forecasted that Apple’s iPhone X would find many eager buyers, despite its high price. As expected, the new iPhone indeed met a strong demand and its production was increased. Since this bullish forecast that was sent to I Know First customers, Apple stock increased 9.4%.

Whilst the iPhone X is truly in stock, Apple’s AirPods are sold out online. Frustrating last-minute holiday shoppers, the AirPods will only be available in the first two weeks of January. According to Tim Cook, despite Apple’s increased production capacity of the AirPods, the company is still not able to meet the strong level of demand.

For the latest Apple Stock News, AAPL closed at $176.42 per share on December 18th, 2017. It generated profits of 1.40% from its previous close on December 17th, 2017, when it closed at $173.97 per share.

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

Apple Stock News: The Race to be the First Trillion Dollar Company May Depend on China

Apple Stock News

The race to get the title of first trillion dollar market cap is getting closer to the finish line.  Apple is sitting pretty with an $868B market cap.  Alphabet Inc. (Google) is in second place at $712B.  Amazon is in third at $556B.  Facebook is in fourth at $512B.  But Apple hasn’t always been in the lead.  It was temporarily overtaken by Alphabet Inc. in 2016.

What makes Apple the favorite in this horserace?  It’s not valuation.  Since Apple’s biggest driver is the iPhone, they are priced more like a hardware company.  That’s why Apple’s PE is 18 whereas Alphabet’s is 37, Amazon’s is 294, and Facebook’s is 34.  Although, Apple is investing heavily in its high growth Services business which could help to increase Apple’s P/E multiple in the future.

The main reason Apple is in first place is the tech giant generates so much darn profit.  They earn the vast majority of the profits of the entire smartphone space.  One significant differentiating factor that has helped them do this is their success in China.  Out of the four tech behemoths mentioned above, Apple is the only one that has truly flourished in the People’s Republic.  China is too big to ignore with 20% of the globe’s population.  In Apple’s 2017 fiscal year, they generated $44.8B in revenue from Greater China.  Even though that number decreased 8% YoY, it still amounted to 20% of Apple’s total revenue.  That 20% figure is much higher than the Chinese revenue generated from the other three tech titans.

Facebook doesn’t operate in China.  Alphabet does operate there, but many of its core services are severely restricted.  Amazon operates there as well, but is not even close to becoming a major player.

The Middle Kingdom’s significance to Apple has definitely incentivized them to keep the Chinese regulators happy.  This results in Apple removing hundreds of VPN apps from the Chinese App Store as well as building a data center in China to house Chinese users’ data.  Apple may not always like the Chinese regulations, but they certainly aren’t pulling out of China anytime soon.

For the latest Apple Stock News, AAPL closed at $169.01 per share on December 6th, 2017. It generated losses of 0.37% from its previous close on December 5th, 2017, when it closed at $169.64 per share.

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

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