The Nasdaq Stock Market opens in less than five hours and Apple’s premarket value is already 2.86% up.
Last session, the Nasdaq Stock Market ended with Apple rising 1.24% to $128.23. The Nasdaq Stock Market fell 0.1% to $12,742.50, after two sequential sessions in a row of losses, on what was a somewhat negative trend trading session.
Apple’s last close was $128.23, 7.60% under its 52-week high of $137.98.
News about Apple today
Apple plans autonomous car production by 2024 with own next level battery. 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.”, “Apple Inc. is planning to produce a self-driving passenger vehicle by 2024 supported by its own breakthrough “next level” battery technology, Reuters reported citing people familiar with the matter.”
Apple’s sales growth is 15.2% for the present quarter and 24.7% for the next. The company’s growth estimates for the present quarter and the next is 11.2% and 35.9%, respectively.
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, “”Wistron has taken disciplinary action and is restructuring their recruitment and payroll teams in Narasapura,” Apple said. “, “Riot-Hit Apple Supplier Hired More Than It Could Handle in India”
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.”, “Apple and Wistron both acknowledged lapses in payment in October and November, according to The Times of India.”
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, “On the website for its Union Square store in San Francisco, Apple said: “We’re temporarily closing soon, but are currently open for pickup of existing online orders, previously scheduled in-store Genius Support appointments and previously reserved one-on-one shopping sessions with a Specialist made through Tuesday, December 22.””, “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, “Apple said its preliminary investigations found the Taiwanese supplier — the first to produce the U.S. company’s marquee device from India — failed to implement proper work-hour management processes for a rapidly growing staff. “, “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, “An Apple spokesman declined to comment.”, “Read more: Apple Shifts Leadership of Self-Driving Car Unit to AI Chief”