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.

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Apple Stock News: Will the iPhone 7 Lead the Growth?

Apple Stock News

For the latest Apple Stock News, AAPL closed at $121.63 on Friday, January 30, 2017, with a 0.26% loss, or $0.32 from its previous close of $121.95 per share.

Image result for apple iphone 7( iPhone 7. Source: Google)

Apple will report its holiday quarter earnings soon, hence all analysts are waiting for the answer: Have the iPhone 7/Plus sales been enough to lead the company’s growth?
Apple has not had an easy year since it had reported a decrease in revenue for 3 straight quarters. However,  all eyes are focused on the iPhone, since it represents the largest part of AAPL’s revenue.

In the company’s last earnings call Apple CEO Tim Cook said that the response to the iPhone 7 and 7 Plus has been very positive. The iPhone 7, indeed, during the holiday shopping season, showed 77 million total iPhone units shipped during the quarter, up from 75 million in the year-ago period.
An effective campaign was planned to show off how good is the iPhone’s camera. With a series of impressive pictures taken by users, it proved the low-light capabilities of the latest iPhone’s camera since all the pictures were taken during the Bonfire night.

The prospects for AAPL holiday quarter are optimistic. Analysts are currently expecting $77.4 billion in revenue compared to $75.8 billion last year (up 2.1 percent). This is in line with Apple’s own forecasts as the company said it was expecting between $76 billion and $78 billion during last quarter’s earnings release.

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Apple Stock News: iPhone 7 Not Living Up to Expectations

Apple Stock News

For the latest Apple Stock News, AAPL closed at $109.11 on Monday, December 5, 2016 from its previous close of $109.90 before the weekend. This decrease in price of $0.79 resulted in a loss of 0.72%.

Released on September 7th, 2016, the 7th generation of iPhone is sending mixed messages from consumers and Apple is seeing it in the numbers. As Black Friday and Cyber Monday deals close, iPhone 7 and iPhone 7 SE did not perform as anticipated. Both of these models are light weight and featured at a lower cost than its comparable iPhone 7 Plus. According to Apple, they also allow for two extra hours of battery usage. So why aren’t Apple lovers lined up? The iPhone 7 Plus, released on the very same day, out shined them.

Apple Stock News

With a wider and more colorful HD display, and most importantly, its newly introduced dual lens camera, iPhone 7 Plus generated a high demand. Its dual lens camera is not offered in any other iPhone which makes it stand out above the rest. Even though the iPhone 7 is more expensive and heavier in comparison, buyers have proven that they are willing to pay for quality and new features that they will use. In this day and age, where people are living in the moment and capturing their every day lives, a dual lens camera is improving the look of their memories. A decrease in iPhone 7 sales are not only due to the iPhone 7 Plus dual lens camera, but also its new headphone input. There has been no change in design of the phone for the third straight year, although, a highly controversial move on Apple’s part may have influenced buyers. Apple made the decision to remove the headphone jack from the iPhone 7. While it may seem inconvenient to use the headphone jack adapter and lose the ability to charge the phone and listen simultaneously, it is a step for Apple into the future for new designs. Due to its weak demand, Apple will be reducing the total number of iPhone 7 units produced from the originally expected 59 million to 53 million.

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