Apple Stock Forecast: Bullish Long Drive Goes On In 2018 – Apple’s All Time Records In Q1

Gleb ZInkovskii_photo

 

 

 

The article was written by Gleb Zinkovskii, a Financial Analyst at I Know First.

 

“I think the artistry is in having an insight into what one sees around them. Generally putting things together in a way no one else has before and finding a way to express that to other people who don’t have that insight…”

– Steve Jobs, Smithsonian Institution Oral and Video Histories, April 20, 1995

Highlights:

  • iOS 11.3 preview release – New AR experiences with ARKit 1.5, Health Records – collaboration of Apple with hospitals and clinics
  • Apple opens first official store in Seoul, South Korea expanding its worldwide presence to 18 countries
  • Apple introduced new product in an effort to stay competitive with Google Home and Amazon Echo – HomePod
  • Q1 2018 results are released – all-time records from all perspectives

Apple iphone x

[Source: Flickr.com]

iOS 11.3 release preview: another small step forward for company – big user experience jump

Apple presented its flagship iPhone X device on September 12, 2017 which provided the hardware basis for iOS 11 and empowered it to bring incredible new user experiences like Augmented Reality (AR) and complex face recognition solution for unlocking device and animating Emojis in real-time. Since then the features of the iOS were multiply challenged by many industry experts and the public in respect of the value being brought to customers for the price of iPhone X. Although, real-time animated Emojis are actually a powerful and fun tools to sell the device to Apple fans, the true capabilities horizon of the hardware and software is clearly not utilized so far. The preview of the new iOS version brings new perspectives on future user experience and applications with the updated ARKit, enabling developers to create applications that support AR not just in horizontal but vertical planes. Although it may sound vague from first perspective, actually is an enormous jump into the world of interactive surfaces like walls, posters, paintings, ads, etc. As a result, the potential value of such technology arriving at your palm may result in completely different approach for targeted advertisement and entertainment.

Another highly anticipated by the public feature which was mentioned in the preview and had its own separate press release is Apple Health Records. “Our goal is to help consumers live a better day. We’ve worked closely with the health community to create an experience everyone has wanted for years — to view medical records easily and securely right on your iPhone,” said Jeff Williams, Apple’s COO. “By empowering customers to see their overall health, we hope to help consumers better understand their health and help them lead healthier lives.” Some experts compare this functionality to Apple Pay or Siri with respect to the impact scale on our lifestyle and the way we do our routine and for sure Apple is the company which is capable of taking the lead in such initiative. Another story is for investors to estimate the impact of such technologies’ introduction onto Apple’s value and for sure it will buzz the investor community for some time. Also, investors should consider that the same way Apple Pay stimulated new evolutionary step in online cashless payments, the same way Apple Health Records may become an environment for both offline and online medical care services which has extremely wide market reach and where they will be able to unify around patient’s needs and deliver care in extremely time-efficient and affordable manner. As for the Apple’s investors it is not clear how it will drive the company’s value in short term, but it is to be said that so far technologies which Apple introduces take some time for public to absorb and realize their true potential but when it happens the value sometimes exceeds even most optimistic analyst’s expectations.

Based on the above and the fact that not all of the Apple devices support AR and functionality yet even if they have iOS 11 installed, the hype around the mentioned technologies is capable to significantly drive the demand for the latest devices (iPhone X and iPhone 8). The latest sales results for Q1 2018 (published on February 1, 2018) support this statement as the number of iPhone X units sold rose by 66% and corresponding 113% increase in revenue comparing to Q4 2017 contributing to the overall rise in company’s sales. Additionally, one should reasonably expect intensified demand for the actual services to be provided based on those technologies which will drive additional revenues both directly to Apple and indirectly through third-party developers.

Apple opens first official store in Seoul, South Korea expanding its worldwide presence to 18 countries

Everybody knows what an Apple store is. Everybody knows that Asian market is constantly seeking for new trends, technologies and products. Apple is not an exception and that’s why the first official apple store opened in Gangnam area in Seoul. Although the penetration to the South Korean market is a hard thing to do for a foreign company as the dominance there lies with Samsung and LG, the expansion to this market sends a clear message. “We’re thrilled to open a new home for our customers in the vibrant city of Seoul and we look forward to continuing to grow in Korea,” said Angela Ahrendts, Apple’s senior vice president of Retail. “Our stores are gathering places for the community where everyone is welcome to connect, learn and create.” As ambitious as it sounds, it literally shows strong intention of the company not just to sell its products, but also expand its Apple culture influence to this market being close by it Korean current and future fans. The concept of an official Apple store is also important from marketing and sales perspective, because the new products and services are always start to sell first at official stores rather than at distributors. Therefore, it will give Apple the required means to effectively compete with Samsung and LG and take its piece of cake from this table. This statement is completely in line with the sales statistics being recently published by Apple – the sales growth in Asia Pacific region (excluding Greater China and Japan) in Q1 2018 was 144% and 17% comparing it to Q4 and Q1 in 2017 respectively.

Apple_smartphone_market_share_south_korea

Share of smartphone models sold in South Korea during the month of July 2017, by model [Source: Statista]

Apple introduced new product in an effort to stay competitive with Google Home and Amazon Echo – HomePod

It has been more than 2 and 1 years, respectively, since the release date of Amazon Echo and Google Home. The success of both devices is sometimes questionable and depends on the geography where the associated services are available for both devices. The idea of a smart home and devices which actually assist you in managing your household became not just a buzz but a practical set of tasks to be done by them. However, if you have certain restrictions for services to be utilized by those robots you cannot guarantee the success for such environments among the general public worldwide. Apple did not get into this competition for a while and seems to learn the mistakes done by Amazon and google. As a result, the new product – HomePod – orders on which were opened on February 9, is positioned as “Breakthrough Wireless Speaker that Brings Audio Technologies Into Any Home for an Incredible Listening Experience”. If we chop this motto into pieces it may seem that the competition is not going to be with Amazon or Google, but with audio giants like Bose or JBL. However, in the context of the sales statistics for the home assistant devices and home and portable audio speakers it is clear that the last ones were true success stories and insanely profitable market worldwide. From investor perspective it also seems as a good idea for Apple to compete with this new product in audio industry which is close to the cornerstone products and services like Apple Music, iPod and iPhone. Apple definitely shows a nice strategic approach to this new product, although it does not forget about the Siri – that assistant which became part of the Apple fans’ lives and sometimes a subject for jokes. Official press release says: “With support for HomeKit, HomePod can control hundreds of home accessories or set scenes like, “Hey Siri, I’m home,” to control a number of different accessories at the same time.” It makes clear that the experience gained by the public so far shaped the demand for a specific home assistant functionality which is more of a control hub for already exiting devices scattered around your house, and it is more of a nice touch to have for a more desired primary need – set up a nice mood by turning up good musical vibes. It seems to be a nice entrance point to this market for Apple as a sovereign player and it seems a good move from strategic perspective which investors expect from the Apple management team.

Conclusion – Q1 2018 results released

Based on the press release of the results for the Q1 2018 one should be totally amazed by financials – revenue of $88.3 billion, an increase of 13 percent from the year-ago quarter and quarterly earnings per diluted share of $3.89, up 16 percent. However, if we look up closely to the summary data for the quarter we will see that the most contributing to the overall growth item from the products range is not the newest iPhone X, but “Other Products”[1] section – 36% growth in Q1 2018 comparing to Q1 2017. At the same time we can see that although sequential revenue growth of 68% from Q4 2017 to Q1 2018 is significant it achieved by 113% growth produced by iPhone X and 70% growth produced by Other Products”. iPad and Mac products demonstrated insignificant changes in revenues ranging from -4% to 21% and from -5% to 18% for quarterly sequential and Year-year comparables. Such performance does not seem bad for general public as the market for tablets and laptops are not that dynamic nowadays, but from a strategic perspective it could become a worrying sign of the main revenue drivers’ convergence to just smartphones and accessories like Apple Watch. However, this worrying signs are smoothed out by the introduction of HomePod which may contribute significantly to the Apple environment value proposition to current and potential customers, but also by the fact that Apple became one of the biggest beneficiaries of the current US tax reform. The fact that Apple decided to repatriate extreme amount of cash from overseas which becomes available for reinvestment on US soil and, potentially, for dividends payout accompanied by the company’s stock buy-back program gives strong potential for further freedom to spend it on R&D and M&A activities. The best way to give sense of how much cash became available to Apple belongs to Luca Maestri, Apple CFO: “We have plenty of financial flexibility, of course” and from the published financial statements we can understand that it literally means almost $285 billion. In overall, Apple’s stock performance over Q1 2018 and the period until the press release of the financial statements was above industry benchmarks, but started dropping starting from the middle of January with a slight spike up around the date of the press release.

Apple_20171001_forecast

[Source: Yahoo Finance]

I Know First Forecast on Apple

As far as we have the release of the first quarter fiscal 2018 results of Apple at our disposal, I do believe that the company will continue to show increasing sales of the new iPhone X. However, there is a certain ambiguity around the other revenue drivers and the extent of dividends to be paid to the shareholders. As Tim Cook, Apple CEO mentioned at the annual shareholders meeting held on February 13, although the company has lots of available cash, but it is unlikely that all the amount will be spent in a form of special dividend. As far as it represents the strategic vision of the board on the activities of the company being aimed at investment into R&D and potentially M&A, one should not expect some quick win from the status of Apple shareholder. In my view, as of today the most of the value which shareholders needs to be expected within the long time horizon and we should expect the improvements due to conceptually new products, services and features being proposed as a result of the company’s investments. The I Know First forecast supports my opinion that in short term of 1 month the stock will be rather bullish than neutral with relatively significant predictability and is going to become even more bullish over 3 month and 1 year time with the signal and corresponding predictability increasing over those periods.

Apple_forecast20180218

Past I Know First Forecast with Apple

In May 22nd, 2016 Motek Moyen, a Senior Financial Analyst at I Know First, published an article about Berkshire Hathaway investing $1 billion into Apple Inc. shares just afterwards of Carl Icahn exit from the number of Apple’s shareholders. As per the reports of Berkshire Hathaway at that time it increased its holdings in Apple and went long on it with 23.3% shares. Motek’s bullish endorsement for Apple was backed by the positive algorithmic forecasts from I Know First. The 1 month, 3-month and 12-month algorithmic forecasts for AAPL were all positive.

Current I Know First subscribers received this bullish forecast of AAPL on May 22 nd, 2016.  

To subscribe today click here.

Since then, in accordance with the above I Know First forecast Apple’s stock price gained more than 70% in 1 year and continues to grow further as shown on the below graph:

Apple_1year[Source: Yahoo Finance]

I Know First Algorithm Heatmap Explanation

The sign of the signal tells in which direction the asset price is expected to go (positive = to go up = Long, negative = to drop = Short position), the signal strength is related to the magnitude of the expected return and is used for ranking purposes of the investment opportunities.

Predictability is the actual fitness function being optimized every day, and can be simplified explained as the correlation based quality measure of the signal. This is a unique indicator of the I Know First algorithm. This allows users to separate and focus on the most predictable assets according to the algorithm. Ranging between -1 and 1, one should focus on predictability levels significantly above 0 in order to fill confident about/trust the signal.

How_to_read_IKF_heatmap

To subscribe today and receive exclusive AI-based algorithmic predictions, click here.

[1] Includes sales of Apple TV, Apple Watch, Beats products, iPod touch and Apple-branded and third-party accessories [Source: Apple Inc. Q1 2018 Unaudited Summary Data, Official Apple Inc. Press Release on February 1, 2018]

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Apple Stock News: Warren Buffet Buys Apple Stock

Apple Stock News

For the latest Apple Stock News, AAPL closed at $139.99 on Friday, March 17, 2017. It had a loss of 0.5% from its previous close of $140.69 per share.

Apple Stock News

Warren Buffet, CEO of Berkshire Hathaway, recently announced the ownership of 133 million shares, or about $18.5 billion, worth of Apple Stock. This is comparable to Wells Fargo & Co and The Coca-Cola Co, Berkshire Hathaway’s top equity investments.

Warren Buffet has made several successful investments in different industries, with Coca Cola being the most famous and rewarding. Similar to Apple, Coca-Cola had a product with universal appeal and was demonstrating growing revenue and profits at the time when Warren Buffett invested Berkshire Hathaway.

Warren Buffet explains why he invested in Apple:

“Apple strikes me as having quite a sticky product and enormously useful product that people would use … The continuity of the product is huge, and the degree to which their lives center around it is huge. And it’s a pretty nice … franchise to have with a consumer product.”

Apple has designed a product that has become one of the most iconic brands in the world. Using an iPhone, iPad, and/or a Mac computer, one would understand the stickiness of the brand. All products are tied by Apple’s iCloud storage service, which automatically keeps all of your content synced between devices. These features have led to impressive growth in Apple’s business over the last 10 years, with revenues increasing from 24 billion in 2007 to over 215 billion in 2016.

In addition, Apple consistently earns high customer satisfaction ratings, which continues to help sell tens of millions of iPhones every quarter.

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

Apple Stock Prediction: Apple Reclaims Its Status At The Top

This article was written by Ave New, a financial analyst at I Know First. He graduated from the Royal Melbourne Institute of Technology (RMIT) with a B.A. Business (Marketing).

 

Apple Stock Prediction

Summary

  • Increase Service Revenue (Apple Pay)
  • Reclaiming top spot in smartphone industry
  • Share buybacks & dividends
  • I Know First’s algorithm maintains a bullish forecast on AAPL shares

Background

Apple Inc. (AAPL) is a multinational corporation that design and manufacture consumer electronics such as mobile communication devices, personal computers, and portable music players. Apple also sell a variety of software, services and peripherals. The company sells its products worldwide through online stores, retail stores and third party wholesalers and retailers.

Apple Stock Prediction

Apple’s diverse range of products means they do not operate in one industry segment, thus they have many different competitors. In the smartphone industry, their main rival is Samsung or other companies that produce android phones. In the computer operating system market, Apple’s biggest competitors are Microsoft and IBM.

The service industry has a lot of sub segments, consequently Apple competes with companies such as Spotify, PayPal, Google, Netflix and Amazon.

Music streaming, Mobile payment services, Exclusive Video content and cloud storage are all services Apple dabble in.

Market Share

In the smartphone industry, Apple reclaimed the top spot from Samsung. With an estimated 431 million units sold, 77 million in 4Q16, an increase of 7%, above the expected number. Apple’s iOS accounted for 17.9% of the market. Up against the Android OS, which accounts for a whopping 81.7% of the market. As shown in the chart below.

Source: Market Realist

Important to note is the fact that the iPhone generated almost 70% of revenues for Apple in fiscal 1Q17. In part, due to the average selling price of phones growing from $619 in the previous September quarter to $695. Other positives to come out of Apple’s earnings was Mac revenue’s rising by 7% to $7.2 billion, following a 17% decrease in the previous quarter. Probably reflective of the $78 increase incurred on the average selling price (up to $1348).

Services Industry

In fiscal 2016, Apple generated $25 Billion in revenue through its Services Business. Apple hopes to increase that figure to an ambitious $50 Billion in 2020.

Nonetheless, they are on track with the segment emergent as Apple’s fastest growing. Increasing by 18% to $7.2 Billion, making up 9% of total revenue for 1Q17. App store sales went up 43% over the first 13 weeks of the quarter, aiding the growth.

Apple’s Services business includes products such as iTunes, iCloud, Apple Pay and Apple Music.

Crucial to achieving the goal of $50 Billion in Revenue is the success of the Apple Pay service. Apple transactions have already risen by more than 500% in the 1Q17. Jennifer Bailey, the VP of Apple’s (AAPL) Apple Pay, stated that more than 35% of US retailers already accept Apple pay.

An estimated adoption rate of 35%, equating to 4 million locations, with a further anticipated adoption rate of 67% the following year.

In October 2016, Apple pay saw some immediate success with launches in Japan, New Zealand and Russia.

Conversely, despite all the positive data, Apple have a lot of ground work to make up on giants such as PayPal (PYPL), Google (Android Pay) and Ali Baba’s (BABA) Ant Financial Services Group to name a few.

Buybacks and Dividends

Majority of tech companies classically keep their cash outside of the United States to reduce/avoid tax burdens. Apple is no exception, holding $246 billion in cash overseas.

On February 16th, 2017, Apple paid $3.1 billion in dividends to its shareholders. Over the last four quarters, $12 million was paid from Apple to its stockholders in dividends. Over the same period, Apple repurchased $31 billion in shares. The vigorous capital return helped to improve shareholder value as well as earnings per share (EPS).

Out of the top ten companies that spent money on buybacks, three belonged to the tech sector. Apple, Microsoft (MSFT) and Oracle (ORCL) with Apple spending the most. In 2012, Apple created a Capital Return program, with $201 billion of a possible $250 billion already being returned. Apple intends to have completed the program by the end of March 2018.

Our very own

On May 23rd, 2016, I Know First’s very own Senior Analyst Motek Moyen wrote an article about Warren Buffet and his recent purchase of Apple stocks. Motek also advised our readers to add AAPL stock to their portfolios, predicting the iPhone would deliver strong sales. All these recommendations were in line with the positive I Know First algorithmic forecasts.

Fast forward 10 months, Warren Buffet’s Berkshire Hathaway added an additional 76 million Apple shares to its holdings. Translating to a monster holding $7.7 billion worth of stock and owning more than 1% of Apple stock. In 2017 alone, Berkshire Hathaway has already made more than $1.1 billion off the stock. A significantly higher figure than the $400 odd million they would have made had Buffet not upped their holding.

I Know First Algorithmic Forecast

I Know First’s algorithm maintains a bullish forecast on AAPL shares in the long-term. For the one-year time frame, the algorithm has a 102.08 signal strength and a 0.57 predictability indicator.

I Know First Algorithm Heatmap Explanation

The sign of the signal tells in which direction the asset price is expected to go (positive = to go up = Long, negative = to drop = Short position), the signal strength is related to the magnitude of the expected return and is used for ranking purposes of the investment opportunities.

Predictability is the actual fitness function being optimized every day and can be simplified explained as the correlation based quality measure of the signal. This is a unique indicator of the I Know First algorithm, allowing the user to separate and focus on the most predictable assets according to the algorithm. Ranging between -1 and 1, one should focus on predictability levels significantly above 0 in order to fill confident about/trust the signal.

Conclusion

Consumers love to speculate, with Apple reportedly planning to launch the iPhone 8 with an organic light-emitting diode (OLED) display, all glass body, finger-printless, wireless charging, along with other features that are unknown. Based on the strong sales of the previous iPhone, it’d be safe to assume there would high demand that accompanies the release of their next phone. Pairing strong iPhone sales with robust performance in their other industry segments, specifically the Service industry. Given these factors, I Know First maintains its bullish forecast for Apple.

Past I Know First Success With Apple Inc.

I Know First has been bullish on AAPL shares in past forecasts. On May 23rd, 2016, I know First Analyst wrote about Apple Stock. Since then, Apple shares have risen by more than 45%. As seen below.

This forecast was sent to current I Know First subscribers on May 23rd, 2016. To subscribe today click here.



Apple Stock Forecast: Long-Term Benefits For Apple From Fast-Rising Mobile Games Industry

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Apple Stock Forecast

Summary:

  • The world spent $44.8 billion on mobile apps last year. This industry helped Apple improve its Services revenue by 24% during the most recent quarter.
  • Apple does around 70% of the global apps business.
  • Apple takes 30% commission from app store and in-app purchases done through iOS devices.
  • Strong revenue stream from iTunes App Store could inspire Apple to reduce prices of its iPhone and iPad products in China and other developing markets.
  • I Know First gives AAPL very positive buy signals based on its near and long-term algorithmic forecasts.

Apple (AAPL) device owners helped spent $44.8 billion on mobile apps last year. As a vendor of high-end phones and pricey tablets, Apple’s client base is full of well-to-do people with extra spending power. Expect the people who can afford $700 iPhones to spend $50-$300 every year on iOS apps.

The revenue from Apple’s 30% cut over iOS app store purchases is tremendous.  Hit mobile games like Pokemon Go (released only last July) generated $950 million in revenue in 2016. The 9-figure annual commission on in-app purchases can help Apple offset its declining Mac and iPad business segments. Services, where the iTunes App Store belongs to, grew 24% in Q4 with $6.3 billion in revenue.Apple Stock Prediction

Source: Newzoo

Apple device owners spent $240 million in January 1, 2017 on iTunes App Store, setting a record. The addictive nature of hit mobile games like Game of War: Fire Age, Clash Royale, and Candy rush Saga means iPhone/iPad owners will remain repeat in-app buyers for many years to come.

In America alone, iPhone gamers are spending approximately $7.78 million everyday on the top-10 grossing iOS games.  Apple therefore gets $2.33 million everyday of almost-cost free, easy money from American iPhone gamers.

(Source: ThinkGaming)

Mobile Apps Industry Is Still Growing

Based on the projection of Superdata Research, the business of mobile apps is also predicted to grow to $54.5 billion by 2019. Apple therefore can rely on this particular industry to fuel growth for its Services segment for the next three years.

(Source: Superdata)

On this note, Apple has to improve its iTunes App Store platform to encourage more iPhone/iPad owners to do in-app purchases or app store subscriptions. I suggest Apple allows iPhone owners with cellular service subscriptions to do app store purchases through carrier billing, not just through credit card payments.

There are iPhone/iPad owners in China, India, and Africa that cannot qualify for credit card applications. They do qualify for carrier subscriptions.

App Store Revenue Could Help Reduce Prices of iPhones, Macs, and iPad Tablets

There are fewer Apple mobile device than Android device users. However, according to App Annie, the iOS app store did 70% of the estimated $44.8 billion spent on app/games last year. It helps that Apple has an official app store in China, while Google (GOOG) has none. China is now the biggest market for mobile apps, worth $10 billion last year.

If we guesstimate that China’s 50% of China’s mobile apps industry went through the iTunes App Store there, Apple could be deriving $1.5 billion in annual commission. Getting $1.5 billion every year from Chinese in-app purchases could help Apple reduce the retail prices of its phones and tablets there.

Apple’s declining iPhone business in China is likely due to rising competition from much more affordable high-end Android phones made by Xiaomi, Huawei, Lenovo, and Vivo. The strong revenue steam from global iTunes App Store could subsidize a global-wide price reduction of iPhone and iPad products to help them compete better.

Conclusion

Apple’s stock went down by more than 2.5% after it did its earnings report today. It might go lower when market opens on Friday. Investors should try for a cheap buy-in window to purchase AAPL. I rate this stock as a strong buy for the long-term horizon.

On the other hand, I Know First’s short and long-term algorithmic forecasts for AAPL are all positive. The stock could shoot up to $125 within the next 30 days or 90 days.

I Know First Algorithm Heatmap Explanation

The sign of the signal tells in which direction the asset price is expected to go (positive = to go up = Long, negative = to drop = Short position), the signal strength is related to the magnitude of the expected return and is used for ranking purposes of the investment opportunities.

Predictability is the actual fitness function being optimized every day, and can be simplified explained as the correlation based quality measure of the signal. This is a unique indicator of the I Know First algorithm. This allows users to separate and focus on the most predictable assets according to the algorithm. Ranging between -1 and 1, one should focus on predictability levels significantly above 0 in order to fill confident about/trust the signal.

There are 26 TipRanks-tracked Wall Street analysts that also rate AAPL as a strong buy. Their average consensus 12-month price target for AAPL is $136.61.

Apple Stock Forecast

(Source: TipRanks)

I Know First Pass Success With AAPL

I Know First has been bullish on AAPL shares in past forecasts. On October 31st, 2016, an I Know First analyst wrote a bullish article on Apple Inc. in accordance with I Know First’s self-learning algorithm. The analyst wrote about a growth in iPhone sales during the 2016 holiday sales. In accordance with the algorithmic forecast, AAPL shares rose 7.23% to date.

The bullish forecast on AAPL was sent to I Know First subscribers on October 30th, 2016. To Subscribe today click here.


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Apple Stock News: Apple is entering the vaporizer market

Apple Stock News

For the latest Apple Stock News, AAPL closed at $121.95 on Friday, January 27, 2017 with a 0.01% gain, or $0.01 from its previous close of $121.94 per share.

Image result for vape smoke(Souce: Google)

Apple Inc. (NASDAQ: AAPL), one of the best-known tech company, patents a vaporizer. Apple’s patent describes “a substance that is to be vaporized or sublimated into a vapor”, but it does not state anything about the type of this substance.

Recently the vaping industry enjoyed a boost in sales since more and more people are replacing the regular cigarettes with the vaporizers. Vapes are commonly used to inhale nicotine and marijuana, therefore, it could be a sign that Apple is willing to enter the weed business, according to CNN.
However, the vaporizers are largely used in other industries, such as healthcare and agriculture. It means that APPL may be interested in bigger market than the personal use.

Apple’s patent was filed in June 2016 and released on January 26, 2017. While it illustrates the process of vaporization, it does not mention in which field this vaporizer can be used.
Nevertheless, this shows APPL’s ability to think bigger and out of its core business.

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

Apple Stock News: iPhone’s 10 Year Birthday

Apple Stock News

For the latest Apple Stock News, AAPL closed at $118.99 on Tuesday, January 9, 2017 with a 0.92% loss, or $1.08 from its previous close of $117.91 per share.

apple stock news

Yesterday was the iPhone’s 10 year birthday. With the iPhone, Apple grew from a company struggling, to one of the best tech companies in the United States, and maybe even the world. Although the iPhone 7 hasn’t been the shining star of Apple, it’s impossible to overlook Apple’s achievements in the last 10 years. Apple wasn’t the first to bring about the smart phone, but it was the company that took the smartphone and captivated the world with its new features year after year, effectively turning a phone into a portable computer.

Is the iPhone craze over though? Apple lost momentum with the iPhone 7, but the iPhone 8 is around the corner and has rumors surfacing about its new sleek designs and updated features. Even if the iPhone 8 doesn’t redeem the company, Apple always has something else up their sleeve. The Apple Watch, iPad, and Macbook Pro/Air have all shocked users through the years, showing that Apple will continue to create new gadgets that consumers will want to buy.

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

Apple stock news: Is Apple still a solid investment?

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.

Related image

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.

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

Apple Stock News: Possible Acquisitions Pushing Apple Revenue Forward

Apple Stock News

For the latest Apple Stock News, AAPL closed at $116.02 on Wednesday, January 4, 2017 with a -0.11% loss, or -$0.13 from its previous close of $116.15 per share.

Apple Stock News

It’s no secret that Apple needs to break further into the software and services sector as described in this article. There has been talk about Apple doing just that and may purchase Sirius XM Holdings Inc. Sirius is also possibly going to buyout Pandora Media Inc. which Apple would inherit if the rumors are true. This would be an extremely beneficial move for the company as the subscription services on Spotify and Pandora would boost revenue as well as provide a steady stream for years to come.

The revenue from these possible buyouts would put Apple into a more secure position, being that iPhone sales have not been as exciting as it used to be. Service revenue generally doesn’t shift as much as hardware revenue. Sirius and Pandora were both very successful in Q3 as Sirius and Pandora earning $1.3 billion and $351.9 million respectively. If Apple were to acquire them before Q3 of 2016, the revenue would equate to a 25% increase in their quarterly revenue. If not for the increase in revenue, Apple would be able to dominate the music streaming sector, effectively engulfing two of their larger competitors. This buyout is a move Apple should seriously consider.

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

Apple Stock News: AAPL’s Q4 Estimated Earnings

Apple Stock News

For the latest Apple Stock News, AAPL closed at $115.82 on Friday, December 30, 2016 with a 0.00% loss, or $0.00 from its previous close of $115.82 per share.

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This upcoming quarterly earnings report is set to be released on January 24, 2017. Analysts are estimating where AAPL will stand this quarter with 36 analysts predicting an average earnings estimate of $3.23 per share. The estimation low earnings estimate stands at $3.11 per share and the high is at $3.77 per share. As for revenue, 35 analysts estimate that the average revenue for Q4 will be about $77.4 billion. Growth estimates are also positive for AAPL as analysts believe the company will grow 12.6% for Q4 and within the next 5 years, analysts estimate that Apple will grow 8.7% per year. Current ratings on AAPL show 12 analysts giving AAPL a strong buy rating, 26 analysts have given the stock a buy rating, 7 rate AAPL with a hold rating and one as a sell rating with no analysts rating AAPL as underperform.

There is more good news for AAPL as the stock is trading well above its 50-day moving average as well as its 200-day moving average, which shoes its bullish stance in the market. This also means that the golden cross attained by the stock in August will continue to be upheld.

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

Apple Stock News: The New Year, New Earnings

Apple Stock News

For the latest Apple Stock News, AAPL closed at $116.76 on Wednesday, December 28, 2016 with a 0.43% loss, or $0.50 from its previous close of $117.26 per share.

Apple Stock News

As the year comes to a close, AAPL has steadily gone back up in the charts, apart from the most recent dip. Next month, which is also next year, AAPL will be reporting its quarterly earnings on the 24th. This quarterly report can either paint a promising picture for Apple in the new year, or it can cause a drop in shares of AAPL. Lately, many consumers are questioning how long Apple will continue dominating in the tech industry because of the less than lustrous iPhone 7 release. However, most analysts still see Apple as a leader and continue to assigning Apple with a “buy” rating. In fact, 39 of brokerage firms have rated Apple with a buy or better rating, with 1 sell rating and 0 underperforms.

Apple is a company that will be around for a very long time, even if the iPhone isn’t the item everyone is buzzing about. They are resilient and will find another platform to build upon while still upgrading their most sought after phones.

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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