The Nasdaq Stock Market ended the session with Apple rising 2.73% to $131.73 on Tuesday, following last session's upward trend. The Nasdaq Stock Market jumped 0.39% to $12,792.10, after two sequential sessions in a row of losses, on what was a somewhat positive trend trading session today.
Apple today's close was $131.73, 4.74% under its 52-week high of $137.98.
News about Apple today
Apple plans autonomous car production by 2024 with own next level battery: Reuters. According to today's article on Business Insider, "Apple plans to use a unique monocell design, which would pack more active material inside the battery, giving the car a potentially longer range.", "There may be multiple lidar sensors in Apple's car for scanning different distances."
How Apple, google, and other browser makers are quietly duking it out over the future of the web. According to today's article on Business Insider, "Dr. Johnny Ryan, an independent data privacy advocate who previously worked at Brave, said Apple and Brave could sidestep proposals for the web that feel particularly invasive.", "Maciej Stachowiak, head of WebKit engineering at Apple and an active W3C member, also publicly expressed reservations in June, citing "some scary stuff from a web POV [point of view].""
Lidar stocks extend 2-day pop to more than 30% on report that Apple is building its own car. According to today's article on Business Insider, "But for now, it seems Apple will rely on outside vendors for lidar sensors, driving investors to bid up potential lidar suppliers like Velodyne and Luminar.", "Apple is tapping outside partners for components of its car, including lidar sensors, the report said, adding that a car developed by Apple could feature multiple lidar sensors for scanning different distances."
Apple inches toward record after report on autonomous car plans. According to today's article on Bloomberg Quint, "Apple Inc. rose on Tuesday, with the stock returning to near-record levels after Reuters reported that the company plans to build a self-driving car and is targeting 2024 to produce the vehicle.", "RBC Capital Markets wrote that the news was "indicative of the innovation upside that shareholders receive" with Apple, and that it was positive on the long-term potential for gains. "
Apple needs one more thing again. According to today's article on The Wall Street Journal, "It is a testament to the busy year Apple Inc. has had that investors are now falling back on a familiar playbook.", "Citing unnamed sources, the report says Apple is aiming to produce a passenger vehicle by 2024-one that will include "breakthrough battery technology.""
Apple's Sales
Apple's sales growth is 15.2% for the ongoing quarter and 24.7% for the next. The company's growth estimates for the current quarter and the next is 11.2% and 37.5%, respectively.
Apple's Revenue
Year-on-year quarterly revenue growth grew by 1%, now sitting on 274.52B for the twelve trailing months.
Apple's Stock Yearly Top and Bottom Value
Apple's stock is valued at $131.73 at 16:04 EST, below its 52-week high of $137.98 and way higher than its 52-week low of $53.15.
Apple's Moving Average
Apple's worth is above its 50-day moving average of $120.12 and way higher than its 200-day moving average of $110.27.Previous days news about Apple
Apple supplier Wistron removes India head, finds fault in process at factory. According to Bloomberg Quint on Sat Dec 19, ""Apple employees and independent auditors hired by Apple have been working around the clock to investigate the issues which occurred at Wistron's Narasapura facility," Apple said in a statement.", "Meanwhile, Apple said that it has placed Wistron on probation and it will not receive any new business from the U.S.-based company before corrective actions are completed."
Apple to suspend new orders to Wistron after India workers riot. According to Bloomberg Quint on Sat Dec 19, "Last month, Apple suspended new business with Wistron's larger rival Pegatron Corp. after discovering labor violations at a student workers' program, taking strong action to clean up a Chinese-based production chain long accused of worker abuse.", "Apple employees, along with independent auditors, will monitor their progress.""
Apple puts iPhone partner Wistron on probation after rioting workers caused $7 million worth of damage at Indian plant. According to Business Insider on Sat Dec 19, "Apple and Wistron both acknowledged lapses in payment in October and November, according to The Times of India.", "After last weekend's riots, Apple sent a team into Narasapura."
Apple temporarily shuts all California stores as covid surges. According to Bloomberg Quint on Sat Dec 19, "Apple had been looking to top $100 billion in quarterly revenue for the first time on sales of the iPhone 12, its latest iPads, and new Apple Watches.", "It marks one of the largest string of closures for Apple's stores since the beginning of the pandemic in March."
Apple is closing its 53 California stores through Christmas, as Covid-19 cases soar to record highs. According to Business Insider on Sun Dec 20, "Apple has closed its 53 California stores through Christmas, as COVID-19 cases surge in the state.", "Apple previously had made mask-wearing mandatory in its stores, according to its retail FAQs. "
IPhone maker slides after riot spurs Apple to suspend business. According to Bloomberg Quint on Mon Dec 21, "Wistron Corp., Apple Inc.'s main iPhone assembler in India, slid as much as 4% after the U.S. tech giant placed it on probation for lapses in labor practices that triggered a riot.", "Read more: Riot-Hit Apple Supplier Hired More Than It Could Handle in India"
: Apple shares rise on report that ‘icar’ could emerge in 2024. According to MarketWatch on Mon Dec 21, "Apple Inc. shares closed higher Monday following a report that the tech giant is targeting 2024 as the year it produces a passenger vehicle.", "Apple shares finished down 6.5% at $649.86, following a session where the stock reached an intraday high of 3.8% below Friday's closing price, and declined directly after the report was released."
Apple targets autonomous car for consumers by 2024, Reuters says. According to Bloomberg Quint on Mon Dec 21, "Read more: Apple Shifts Leadership of Self-Driving Car Unit to AI Chief", "There's still a chance Apple will decide to reduce the scope of its efforts to an autonomous driving system that would be integrated with a car made by a traditional automaker, Reuters reported, noting that it's unclear which manufacturer would build it for Apple."