Apple Stock News: Apple Files Patent For A Foldable Electronic Device

Apple Stock News

The technology Giant Apple has filed an application with the United States Patent & Trade Office for a foldable electronic device. The application states that this technology is related to any kind of electronic gadget that has a display: laptop computer, tablet computer, cellular telephone, a wristwatch, or other electronic device.

Most likely that Apple’s most popular product, the iPhone, will be the device utilizing this technology. Apple is not the first company working on a foldable phone. Samsung is expected to release a foldable smartphone in 2018. The company has been working on this project for around five years. The Galaxy X will allow users to fold, bend, and change its size to suit their needs.

Moreover, ZTE has already launched a foldable phone this year. The Axon M. has two screens and a central hinge, which allows it to fold in half and open like a book. The dual screen can work in several modes, such as traditional – folded in half and behaving like a regular smartphone, independently – each screen operates by its own, extended – as a tablet, and most impressive in a mirror mode, where the folded phone can operate a double viewing screen.

Therefore, the world’s largest market capitalization company is joining the foldable phone race. Despite not being the first to launch this technology, Apple has much more of a chance of owning the market, since ZTE’s foldable smartphone has a far less impressive dual-screen device. Unlike other companies, Apple is going all out with an actual flexible, folding screen rather than a dual-panel design.

For the latest Apple Stock News, AAPL closed at $174.09 per share on November 27th, 2017. It generated losses of 0.5% from its previous close on November 24th, 2017, when it closed at $174.97 per share.

In the past, I Know First issued a bullish forecast for AAPL in 2016.

Since then, AAPL is with 49% gain.

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Apple Stock News: Apple Making Moves to Boost Services Business

Apple Stock News

Apple Stock News: Apple is currently laying the groundwork for a sizeable boost in the Services business.  This is on top of the stellar success the Services business already had in the most recent quarter when it grew over 24% to $8.5B in revenue.  The Services segment is composed of the App store, Apple Music, iCloud, and Apple Pay.

According to CFRA Research analyst, Angelo Zino, expect a lot to happen to Apple Services in the next few years.  The quickest way to increase market value and reach $1T or even $2T in market value is to get a higher stock multiple on top of earnings growth.  This is where Services comes into play.  With Services growing at a 20% clip, if Apple can keep it up, it will help Apple increase its multiple.  Service firms typically have higher multiples than hardware firms.  Currently, Services is only 13% of total revenues, but it could soon grow to 20% of total revenues and 33% of total profits.  Not to mention if virtual-reality games and other augmented reality services become popular, Services growth could surge to 30%.

CEO Tim Cook has mentioned in the past how Apple is preparing for an augmented-reality (AR) and virtual-reality future.  With that said, Apple is rumored to be working on a rear-facing 3D sensor system for the iPhone in 2019.  This would help Apple turn the iPhone into the leading AR device.  Also on the rumor mill is that Apple will launch a subscription video-on-demand service in 2018 to take on Netflix and others in the highly competitive and quickly growing space.  Both of these developments would help Apple to achieve its goal of doubling Services revenue by 2020.

Other News

In other news, according to Canalys, Apple is now the leader in the wearables space due to the success of the Apple Watch Series 3.  It was revealed on the last conference call that Watch unit sales were up 50% and the entire wearable business was up 75% YoY.  This is just another example of Apple’s effort to build up the non-iPhone segments of the company.

It was also reported that Warren Buffet’s Berkshire Hathaway added 3.9M shares of Apple in the third quarter.  As many investors follow Buffet’s lead, it could lead to increased demand for Apple stock in the near term.

Although Apple’s stock price has pulled back in the past week and there could be more uncertainty in the near term, the long term story remains bullish.

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Apple Stock News: 3D Sensing To Be Standard In All IPhones Next Year

Apple Stock News

One week after the launching of the iPhone X, people are already speculating about next year’s iPhones. According to KGI Securities analyst, Ming-Chi Kuo, who has had fairly reliable predictions on Apple over the last few years, Apple will release three new models in 2018.

                                                       (Source: KGI Securities)

His expectations are that Apple will release two high-end phones. One is the second-generation of the iPhone X with the same size as the original of 5.8-inches. The other phone, “iPhone X Plus”, will have a significantly larger 6.5-inch display. These models will both come out with OLED displays.

It is also expected that Apple will launch a middle and low-end iPhone model. The 6.1-inch model with a lower resolution LCD display would probably cost around $650-750.

All three iPhones will probably feature a full-screen design, instead of a fingerprint sensor, and TrueDepth Camera (3-D sensing) as the original iPhone X. Kuo also expects no delays in 2018 launches, since Apple’s supply chain will already be well experienced with the iPhone X production by next year.

For the latest Apple Stock News, AAPL closed at $173.97 per share on November 13th, 2017. It generated losses of 0.4% from its previous close on November 10th, 2017, when it closed at $174.67 per share.

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Apple Stock News: Apple All Time High On Path To Reach $1 Trillion Market Capitalization

Apple Stock News

On November 7th, 2017, Apple shares hit an all-time intraday high and closed with a market capitalization above $900 billion for the first time. This is the first time a publicly traded US company reached this milestone.

Since Steve Jobs died in 2011, Apple’s market value has grown over 60%. As you can see in the chart bellow, Apple’s market capitalization under Tim Cook’s helm almost tripled in 5 years.

Behind this high rise is Apple’s recently released better than expected results on its quarterly earnings. The tech giant showed strong earnings with revenue reaching $52.6 billion, an increase of 12% from the same quarter of  the previous year. Moreover, the company also said during earnings call that it is expecting to have a very profitable holiday season, with a revenue forecast set in between $84 billion to $87 billion for the upcoming quarter.

As Apple’s CEO stated: “We are happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services”, and furthermore, “we’re looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, we couldn’t be more excited as we begin to deliver our vision for the future with this stunning device.”

Apple is the first publicly traded company on the way to reach $1 trillion market capitalization.

For the latest Apple Stock News, AAPL closed at $176.24 per share on November 8th, 2017. It generated a profit of 0.82% from its previous close on November 7th, 2017, when it closed at $174.81 per share.

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Apple Stock News: Broadcom Bids $103 Billion For Qualcomm – Is It The End Of Qualcomm – Apple War?

Apple Stock News

Recently, Broadcom Ltd bid $103 billion for Qualcomm (around $70 per share). This deal, if sealed, will be the largest transaction the technology sector has ever seen and could help fix Qualcomm’s problems with Apple.

Qualcomm and Apple has long been embroiled in a patent lawsuit. Apple alleges fraudulent royalty charges. The company believes that Qualcomm is unfairly charging too much and leveraging its strong market position in chips illegally. On the other hand, Qualcomm, one of the world’s largest semiconductor companies, claimed copyright infringement.

The latest move in the ongoing war was from Qualcomm, accusing the iPhone maker of leaking its tech knowledge and software secrets to competitor Intel. The chipmaker filed another lawsuit against Apple stating that the company breached their contract.

The buying of Qualcomm would make Broadcom the third-largest chipmaker in the world, losing only to Intel Corporation and Samsung Electronics Co. This could ease the lengthy war between Qualcomm and Apple, since Broadcom and Apple have a pretty cordial relationship.

Moreover, Broadcom wouldn’t buy Qualcomm if it thought it had to fight Apple’s battery of lawsuits.

For the latest Apple Stock News, AAPL closed at $174.25 per share on November 6th, 2017. It generated a profit of 1.01% from its previous close on November 3rd, 2017, when it closed at $172.5 per share.

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Apple Stock News: Apple Denies Rumors Of Downgrading Its Face ID Technology

Apple Stock News

For the latest Apple Stock News, AAPL closed at $156.41 per share on October 25th, 2017. It generated losses of 0.43% from its previous close on October 24th, 2017, when it closed at $157.1 per share.

Bloomberg reported recently that Apple requested its suppliers to reduce the accuracy of the iPhone X’s Face ID system. Expectations are that Apple will not be able to meet its demand for the new iPhone this holiday season. Consequently, rumors are that AAPL is allowing this downgrade of the technology in order to make it easier to manufacture, and thus speed up production.

At the heart of the delay is the dot projector, which is a component that allows the Face ID technology to work. One of the people familiar with the production process stated that Apple underestimated the complexity of making and assembling exceedingly fragile components and didn’t add extra time for the production process.

In response to the Bloomberg article, Apple denied this downgrade in the technology. In a statement, Apple said: “The quality and accuracy of Face ID haven’t changed. It continues to be 1 in a million probability of a random person unlocking your iPhone with Face ID”. Moreover, Apple also stated that it is expecting the Face ID to be the new gold standard for facial authentication.

IPhone X will be available for pre-order this Friday, October 27th.

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Apple Stock News: Production Woes

Apple Stock News

For the latest Apple Stock News, AAPL closed at $157.10 per share on October 24th, 2017. It generated a gain of 0.60% from its previous close on October 23rd, 2017, when it closed at $156.17 per share.

The iPhone X will not be able to meet demand this holiday season.  Production has been “severely delayed” because of several components that manufacturers were having trouble producing.  These components mainly dealt with the facial recognition system known as FaceID which uses advanced algorithms based on artificial intelligence.  The difference between this use of AI and previous uses is that they are powered by the phone’s A11 Bionic chip and not powered by the cloud, a very complex task.

According to expert analyst Ming-Chi Kuo of KGI Securities, “the worst is behind us” in terms of production problems.  Despite this, Apple will still only be able to manufacture 20 million iPhone X units by the end of 2017.  Its previously stated goal was 40 million units.  This is a humongous miss.

To add to Apple’s recent woes, due to super low interest in the iPhone 8 and 8 Plus, production is being halved.  This is after less than one month in the market.

Other News

On the positive side, Apple Pay, where an iPhone is used as a proxy for a card or cash, has just finished entering its 20th market.  These markets encompass 70% of the world’s card transaction volume.  Apple Pay is also used for 90% of all mobile contactless transactions where active, a category that is increasingly growing.  The wallet can now also work with 4,000 card issuers.

Apple COO Jeff Williams recently spoke about the future opportunity in healthcare.  This opportunity will mainly be brought about through advances in hardware and AI.  It is known that Apple has long been eyeing the healthcare space as one ripe for disruption.  They are currently working on several R&D initiatives in the area and are examining a push into primary care to improve the process of care delivery.

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Apple Stock News: Shortage Of IPhone X For Preorder

Apple Stock News

For the latest Apple Stock News, AAPL closed at $156.25 per share on October 20th, 2017. It generated a profit of 0.17% from its previous close on October 19th, 2017, when it closed at $155.98 per share.

Apple’s new iPhone X preorder starts next week on October 27th, 2017. According to KGI Securities analyst Ming-Chi Kuo, Apple will have only 2 to 3 million units available to purchase.

It seems that those numbers are not enough to meet demand. From previous first-weekend sales, Apple sold 9 million iPhone 5s/5c units , 10 million iPhone 6 and 13 million units of iPhone 6s. Moreover, iPhone 6 and 6 Plus gathered over 4 million preorders in its first 24 hours. Consequently, Apple’s iPhone X short supply might disappoint many buyers.

Kuo believes that the new features present in the iPhone X will lead to a supply constraint. According to him, Apple changed its average circuit board to a flexible printed circuit board for the new camera, which resulted in a problem for Apple to find a supplier for it. The radical redesign that Apple planned for its newest product may be triggering its supply crunch.

Nevertheless, KGI analyst expects that production will increase significantly in November.

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Apple Stock News: New Mobile Apps For Industrials

Apple Stock News

For the latest Apple Stock News, AAPL closed at $159.76 per share on October 18th, 2017. It generated a loss of 0.44% from its previous close on October 17th, 2017, when it closed at $160.47 per share.

 

Tech giant Apple and industrial behemoth General Electric are partnering to create mobile apps for the industrial industry.  This could include factories, power plants, and many other segments.

On Wednesday, the duo announced that they are launching a toolkit to allow developers to create apps for the iPhone and iPad that would use GE’s industrial IoT analytics platform, Prefix.  This Prefix platform is now Apple’s preferred tool for connected factories.  It would allow remote workers to connect for inspections and repairs.  It should result in increased cost savings and less unplanned work stoppages.  This partnership will merge Apple’s user experience expertise with GE’s industrial focus.  It also illustrates Apple’s need to keep future sales strong by foraying deeper into the enterprise market. The toolkit will be available to download starting October 26th.

Other Developments

According to KeyBanc analyst John Vinh, the iPhone 7 is outselling the iPhone 8 in the U.S.  This is just more evidence that consumers don’t see the value in the iPhone 8 and that many potential customers are instead waiting for the iPhone X.  One meaningful factor is that the iPhone 8 currently costs $150 more than the iPhone 7.

On a positive note, according to GBH Insights analyst Daniel Ives, 70% of Apple Watch Series 3 buyers (and current iPhone owners) are purchasing their first Apple Watch.  He also learned that 80% of Series 3 buyers are purchasing the cellular version which does not need an iPhone nearby to function.  The cellular version is also $100 more than the basic version, yielding Apple extra profit.  This success in the wearables market bodes well for Apple’s future.

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Apple Stock News: Apple’s Valuation To New Highs With IPhone X

Apple Stock News

For the latest Apple Stock News, AAPL closed at $160.47 per share on October 17th, 2017. It generated a profit of 0.36% from its previous close on October 16th, 2017, when it closed at $159.88 per share.

As we are getting closer to November 3rd, iPhone X’s launching date, Apple’s manufacturing partners released their first shipments of the handsets. Customers seems to be very anxious to purchase the iPhone X and this, consequently, may drive Apple’s valuation to new heights.

Apple’s profits may boost due to the higher prices assigned to this new iPhone generation. Many analysts raised the Company’s ratings. Daniel Ives from GBH Insights expects that there will be sufficient uptake of the iPhone 8, iPhone 8 Plus and iPhone X for the next 12 to 18 months, which may in turn leave the stock price to range between $160 and $175. Ives believes that the iPhone X product cycle can be the strongest iPhone product cycle to date.

KeyBanc Capital Markets also raised its rating for Apple shares. According to Andy Hargreaves, there will be a “strong high-end demand” for the newest iPhone, which will favor investors sentiment over at least the next few quarters. Furthermore, the KeyBanc analyst predicts a gross profit margin of 39.5% and $11.68 of earnings per share for the fiscal 2018.

Hence, as Hargreaves said, Apple is a franchise with subscription-like qualities and not a regular hardware business, which support the Company’s position in a strong range.

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