Shares of Apple jumped 4.2% to $126.89 at 14:17 EST on Tuesday, after two consecutive sessions in a row of losses. The Nasdaq Stock Market is rising 0.8% to $12,539.00, following yesterday’s upward trend, This seems, so far, a somewhat positive trend trading session today.
Apple’s last close was $121.78, 8.74% under its 52-week high of $137.98.
News about Apple today
Apple push into India dealt setback as protest turns to violence. According to today’s article on Bloomberg Quint, "Apple Freezes New Business for Pegatron on China Labor Abuse", "But the incident could affect the Taiwanese assembler’s relationship with Apple, which has shown greater willingness to clamp down on labor violations at its hundreds of suppliers."
Apple reportedly plans 30% rise in iPhone production in h1 to up to 96 mln. According to today’s article on Business Insider, "Apple is also working on a new Apple TV, a home entertainment device for video-on-demand services, for next year.", "Apple is also said to be preparing an aggressive production schedule for its high-end computers, including the MacBook Pro and iMac Pro, for 2021."
Apple could produce as many as 96 million iPhones in first half of 2021. According to today’s article on MarketWatch, "Apple Inc. shares are up 1.9% in premarket trading Tuesday after Nikkei Asia reported that the company has increased 4.6%."
Apple planning 30% increase in iPhone production for first half of 2021: report. According to today’s article on MarketWatch, "Wedbush analyst Daniel Ives wrote that the report was “another bullish sign” of demand for the iPhone 12 devices that Apple released this fall. ", "Nikkei Asia noted that supply shortages impacting the entire industry could affect Apple’s ability to meet its production goals. "
Apple’s sales growth is 15.3% for the current quarter and 24.5% for the next. The company’s growth estimates for the current quarter and the next is 11.2% and 34.4%, respectively.
Year-on-year quarterly revenue growth grew by 1%, now sitting on 274.52B for the twelve trailing months.
Apple’s Stock Top and Bottom Yearly Value
Apple’s stock is valued at $126.89 at 14:17 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 value is higher than its 50-day moving average of $118.05 and way higher than its 200-day moving average of $108.57.
Previous days news about Apple
Apple starts work on its own cellular modem, chip chief says. According to Bloomberg Quint on Thu Dec 10, "Srouji did not say when the cellular modem would be ready to ship in products, but a 2019 patent agreement between Apple and Qualcomm includes a six-year licensing pact. ", "Apple Inc. has started building its own cellular modem for future devices, a move that would replace components from Qualcomm Inc., Apple’s top chip executive told staff on Thursday."
Apple CEO Tim Cook says he had to take a 'meat axe' to his notifications to reduce his screen time. According to Business Insider on Sun Dec 13, "Cook said on the podcast that Apple’s goal is not to have its users spend more time using its devices and that its business model isn’t set up to profit off people clicking around on their phones. ", "Read more: The battle between Facebook and Apple over privacy is about more than just ads – it’s about the future of how we interact with tech"
An Apple TV plus series about gawker media was axed after Tim Cook found out about it. According to Business Insider on Mon Dec 14, "Read more: Apple is poised to rewrite its privacy rules for advertisers – here’s what’s at stake for all the players", "After Cook found out about the show – called “Scraper,” sold to Apple TV Plus in January 2020 – he sent an email to another Apple executive expressing a negative view about the media company, the Times reported. "
Apple fitness+ review: great workouts—for watch owners only. According to The Wall Street Journal on Mon Dec 14, "Apple ‘s Fitness+ is another digital workout subscription after your gym money. ", "And there are potentially more savings on the $29.95-a-month Apple One Premier plan if you already subscribe to Apple Music and two terabytes of iCloud storage. "