Shares of Apple jumped 3.35% to $132.53 at 14:36 EST on Tuesday, following last session's upward trend. The Nasdaq Stock Market is rising 0.48% to $12,804.00, after two consecutive sessions in a row of losses. This seems, up until now, a somewhat positive trend exchanging session today.
Apple's last close was $128.23, 4.11% 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's recently launched iPhone 12 Pro and iPad Pro models both feature lidar sensors.", "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, "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.", "Velodyne Lidar and Luminar Technologies have both surged as much as 37% since a report from Reuters on Monday detailed Apple's ambition to compete with Tesla and sell an electric vehicle by 2024."
Apple inches toward record after report on autonomous car plans. According to today's article on Bloomberg Quint, "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 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."
Apple needs one more thing again. According to today's article on The Wall Street Journal, "And Apple investors who treasure the company's 38% gross margins would be in for a rough ride; the world's top-10 auto makers by market value average gross margins of 15%, according to data from S&P Global Market Intelligence.", "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 $132.53 at 14:36 EST, under its 52-week high of $137.98 and way above its 52-week low of $53.15.
Apple's Moving Average
Apple's worth is way higher than its 50-day moving average of $120.12 and way above 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's contract manufacturer Wistron on Saturday removes its vice-president Vincent Lee, who was heading operations in India after finding fault in the process of wage payment during its internal investigation.", ""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."
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 and its suppliers had been criticized in the past for allowing poor labor conditions in China. "
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 on Saturday reportedly said it would temporarily stop giving new business to Wistron Corp., putting its partner on probation after rioting workers at a plant in India caused about $7.1 million in damage.", "This led to payment delays for some workers in October and November," an Apple statement said, according to The New Indian Express."
Apple temporarily shuts all California stores as covid surges. According to Bloomberg Quint on Sat Dec 19, "It marks one of the largest string of closures for Apple's stores since the beginning of the pandemic in March.", "Apple didn't say when the stores would reopen, and a spokesperson didn't immediately respond to a request for comment."
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 previously had made mask-wearing mandatory in its stores, according to its retail FAQs. ", "The closures come during the holiday shopping season, between Thanksgiving and Christmas, which is usually Apple's biggest retail season. "
IPhone maker slides after riot spurs Apple to suspend business. According to Bloomberg Quint on Mon Dec 21, "Last month, Apple suspended new business with Wistron's larger rival, Pegatron Corp., after discovering violations at a student workers' program.", "Read more: Apple Push Into India Dealt Setback as Protest Turns Violent"
: 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, "Since then, Apple has been working on the underlying autonomous system. ", "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."