Shares of Apple rose 3.55% to $132.78 at 11:02 EST on Tuesday, following yesterday's upward trend. The Nasdaq Stock Market is jumping 0.46% to $12,800.90, after two sequential sessions in a row of losses. This seems, as yet, a somewhat positive trend exchanging session today.
Apple's last close was $128.23, 3.92% 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, "There may be multiple lidar sensors in Apple's car for scanning different distances.", "Apple's recently launched iPhone 12 Pro and iPad Pro models both feature lidar sensors."
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, "Privacy has become the central battleground in the ongoing war for market share between browser makers including Google, Apple, Mozilla, Microsoft and niche providers such as Brave.", "Apple declined to implement the API, but Chrome rolled out the feature, as did several other browsers have based their browsers on the same code as Chrome, Chromium, including Microsoft's Edge."
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, "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.", "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'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 ongoing 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 $132.78 at 11:02 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 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 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, ""We have placed Wistron on probation and they will not receive any new business from Apple before they complete corrective actions," Apple said in a statement, according to multiple local news reports.", "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, "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.", "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. ", "In London, which entered a strict tier 4 lockdown overnight, Apple's stores have also closed. "
IPhone maker slides after riot spurs Apple to suspend business. According to Bloomberg Quint on Mon Dec 21, "That brought into focus the challenges Apple faces as it tries to diversify its huge production base for everything from iPhones to Macs away from China because of Trump-era trade and political sanctions. ", ""Wistron has taken disciplinary action and is restructuring their recruitment and payroll teams in Narasapura," Apple said in a statement over the weekend. "
: 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, "Apple has been working on driverless car technology since 2014, but pared back its ambitions from a full-fledged vehicle in 2017, Bloomberg News has reported. ", "Read more: Apple Shifts Leadership of Self-Driving Car Unit to AI Chief"