Shares of Apple jumped 4.18% to $126.86 at 13:22 EST on Tuesday, after two successive sessions in a row of losses. The Nasdaq Stock Market is rising 0.67% to $12,523.00, following yesterday’s upward trend, This seems, up until now, a somewhat positive trend trading session today.
Apple’s last close was $121.78, 8.77% 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, “The clash is part of a broader geopolitical challenge for Apple, the most valuable company in the world with a market capitalization of $2 trillion. “, “In China — where Apple suppliers are among the country’s largest private employers with upwards of a million people assembling gear from iPhones to Macs — state media wasted no time in highlighting the troubles in India.”
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 In. plans to produce up to 96 million iPhones for the first half of 2021, around 30% higher than the prior year, Nikkei Asia reported citing multiple people familiar with the matter. ”
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, “Apple shares have risen 71% so far this year as the Dow Jones Industrial Average DJIA has increased 4.9%.”, “Wedbush analyst Daniel Ives wrote that the report was “another bullish sign” of demand for the iPhone 12 devices that Apple released this fall. ”
Apple’s sales growth is 15.3% for the ongoing quarter and 24.5% for the next. The company’s growth estimates for the present 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 $126.86 at 13:22 EST, below 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 above its 50-day moving average of $118.05 and way above 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 said the $1 billion acquisition of Intel Corp.’s modem business in 2019 helped Apple build a team of hardware and software engineers to develop its own cellular modem. “, “Since then, Apple has expanded this work to custom camera processors, chips to handle artificial intelligence tasks and collect motion data, along with chips for Apple Watches, Apple TVs and headphones.”
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. “, “Apple debuted its screen time feature in 2018 as part of its new iPhone operating system, iOS 12. ”
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, “Apple TV Plus celebrated its one year anniversary in November, and data from research company Parrot Analytics showed that its “second wave” of original shows was more popular than its launch titles.”, “Eddy Cue, Apple’s senior vice president for internet software and services, who oversees Apple’s programs on Apple TV Plus, has told partners that “the two things we will never do are hard-core nudity and China,” per the Times.”
Apple fitness+ review: great workouts—for watch owners only. According to The Wall Street Journal on Mon Dec 14, “If you forget to charge your watch, or left it at home while you are traveling, you can still access the videos and do workouts, but you need to physically own an Apple Watch to sign up for Fitness+.”, “Everyone in your Apple “family”-up to six people-gets access to the subscription. “