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Tag: Apple Inc

  • Apple Inc. (AAPL) Rebounds in the After Hours. On a path to 3T Club?

    Apple Inc. (AAPL) stock entered green in the after-hours at $174.44 with a gain of 0.06% only, on December 14. While the gain was very slight, the stock seems to be recovering from its previous fall due to its mask mandate.

    In regular trading, the stock lost 0.08% at $174.33 with an active volume of 139.38 million shares. Soon in the after-hours, AAPL started trading in the green with over 14.96 million shares exchanging.

    What is Happening?

    Recently, new updates on the Omicron variant of SARS-CoV-2 emerged. The WHO warned people about the grave situation as the death toll surpassed 800,000 in the U.S. alone. According to WHO, the new variant is spreading at an even faster rate than the previous ones. With little to no symptoms, the masses seem to be little concerned with it.

    Based on the news, Apple Inc. announced a mask mandate for all U.S. stores on Tuesday. Moreover, AAPL also said that it will limit in-store occupancy again at various locations. This announcement led the stock to trade in the red on Tuesday. Currently, the stock seems to be recovering from the effects of the news. As it entered green once again, in the after-hours on Tuesday.

    AAPL’s Financials

    On October 28, the company announced its financial results for fiscal 2021, the fourth quarter, which ended on September 25, 2021. According to the results, the quarter reported record revenue of $83.4 billion. This compares to the year-ago revenue of $64.7 billion, hence an increase of 29% year-over-year.

    Moreover, the net income in the Q4 of fiscal 2021, was $20.5 billion, against $12.6 billion in the year-ago quarter. Resultantly, the earnings per basic and diluted share for Q4 of fiscal 2021, were $1.25 and $1.24 respectively. In comparison, the same were $0.74 and $0.73 in the fourth quarter of fiscal 2020.

    AAPL’s $3 Trillion Milestone

    Currently, the 16.41 billion outstanding shares of AAPL have a market capitalization of $2.88 trillion. With the company being so close to the $3 Trillion mark, most institutions and investors have been raising its price target. The Bank of America, JPMorgan Chase & Co., Evercore ISI, CFRA, all have recently raised AAPL’s price target.

    Further, Apple’s shares have been gaining throughout 2021, going up by 31.38% year to date. It is only a few percent short of hitting a $3 Trillion market valuation. Hence, with a boost in its price value from most institutions, AAPL looks set to become the first 3T market capital company.

  • Is Apple Inc. (AAPL) stock attractive in 2021?

    Is Apple Inc. (AAPL) stock attractive in 2021?

    We are living in an era where smartphones, tablets, computers, and laptops, etc. have now become the necessities of every single house. Imagine a life without a smartphone and you will find yourself to be non-functional without it. Evolution in information technology has given rise to the invention of many new digital devices and companies like Apple Inc. (AAPL) Stock, Sony Group Corp (SONY), Dell Technologies Inc (DELL), and many others have greatly contributed to this development. Apple alone has introduced many devices till now ranging from personal computers to smartwatches.

    So, it is very natural to think of investing in AAPL stock for a long-term gain prospect as it has shown significant growth over time and has earned a large number of profits over the years. In the last five years, the shares of Apple Inc. (AAPL) skyrocketed almost 419%. Apple Inc. (AAPL) is currently trading with $130.39 per share on June 15, 2021, as of this writing. Let’s take a closer look at Apple stock.

    Apple’s iPhone 12 Series & VR/AR Development:

    The iPhone 12 series which also supports the 5G technology is playing a major role in steadily growing AAPL stock price and estimates by the suppliers show that the 230 million iPhones could be shipped in the year 2021.iPhone 12 series is not alone major contributor in the company’s future growth as Apple’s VR/AR and mixed reality headset will be launch in the upcoming year with a hefty price tag of $3,000 with Apple pair of AR glasses to follow in 2025.

    Apple’s Services Business:

    Besides Apple’s hardware products, the stock is doing smart business in its services segment. In order to expand its audience across the globe, the AAPL stock has launched  Apple News+, Apple TV+, and Apple Fitness+ in the past couple of years which resulted in the $33 billion revenue in the first half of 2021 representing 25% growth over the year.

    Electric Vehicle Development:

    The big tech company is also paying attention to the development of electric vehicles as it is discussing supply deals with certain Chinese battery companies and the first electric vehicle by AAPL stock is expected to be launch between 2024 to 2026 according to analyst’s suggestion, which could prove to be the game-changer for the giant tech stock.

    Financial View of the AAPL stock:

    AAPL stock sales have been increased by 54% in the second quarter of the fiscal year 2021 representing a 66% improvement in the revenue gained from the iPhone over the year. Earnings per share increased by 119% in the recently reported quarter and $24 billion was recorded for operating profit out of which $23 billion was given back to the shareholders through share repurchases and dividends.  The quarterly payout was increased by 7% and the business is strengthened by the addition of $90 billion in the existing share repurchase plan.

    Wrap Up:

    Apple Inc. (AAPL) has captivated investors for decades and earned huge profits for them over time. Its evolutionary iPhone 12 series, VR/AR headsets, and upcoming pair of AR glasses show that the future is bright for Apple Inc. (AAPL). The significant increase in the services business is another positive sign for the giant tech stock. In a nutshell, long-term investment prospects are bright for AAPL stock.

  • Apple Inc. (AAPL) stock rises in Pre-Market today: Why is it so?

    Apple Inc. (AAPL) stock rises in Pre-Market today: Why is it so?

    Apple Inc. (AAPL) announced its blockbuster second-quarter earnings results after which the AAPL stock price saw a surge of 2.70% to reach $137.19 a share at the time of this writing. AAPL stock was down by 0.60% at the previous closing. Let’s have a look at current scenarios.

    AAPL stock second-quarter results:

    AAPL stock has recorded tremendous growth in the second quarter of 2021 and has beaten the analysts’ expectations on the top and bottom line.AAPL stock generated $89.58 billion in revenue surpassing the $77.3 billion expected revenue with a whopping increase of 54% year over year. Earnings per share were $1.40 while the expected EPS was $0.99.Revenue generated from iPhone and iPad reached  $47.9 billion and $7.8 billion respectively while the estimated revenue for both former and later was $41.5 billion and $5.6 billion, respectively. Revenue generated from MAC products surpassed the estimate of $6.8 billion to reach $9.1 billion.

    Why AAPL stock showed tremendous growth?

    AAPL stock posted strong hardware sales in the second quarter of 2021. Apple stock recorded huge revenue from the sales of its iPhone 12 launched in September 2020. Being the first iPhone to support the 5G technology proved to be a massive success for the AAPL stock so far. Furthermore, the notion of remote working or learning and work from home following the deadly pandemic has resulted in the huge sales of iPad and Mac of the Apple stock.

    Global Chip Shortage May Hit Apple:

    Due to the increase in the demand for electronic products, giant automakers and tech companies around the globe are facing the problem of the semiconductor chip shortage in the production of new products.AAPL Chief Financial Officer Luca Maestri has warned that the chip shortage is suppressing the sales of iPads and Macs.These both products have greatly contributed to the massive revenue from sales during the lockdown period. Maestri pointed to the decrease of $3 billion to $4 billion in revenue in the third quarter of 2021 due to chip shortage.

    Dividend Announcement:

    Apple’s board of directors has announced the cash dividend of $0.22 per share of its common stock which represents an increase of 7 percent. The shareholders having the record of closing the business on May 10 will be applicable to get dividends on May 13, 2021.

    Conclusion:

    Investors are responding to the second-quarter earnings report by the Apple stock as it showed massive growth in the sales revenue from its various products in the reported quarter.iPhone 12 along with iPads and Macs is the major success of the Apple stock. The semiconductor chip shortage which seems to last till 2022 is the only fear for the tech giant so far. In a nutshell, investors need to analyze all the pros and cons of investing in AAPL stock.

  • 7 Stocks In Consumer Electronics Industry You Can’t Ignore In 2020

    7 Stocks In Consumer Electronics Industry You Can’t Ignore In 2020

    Consumer Electronics include smartphones, cameras, game consoles, GPS navigators and video media, etc and this industry generated profit through the sale of these products. With the evolution of new technology, the demand for these products also increases. Consumers want a wide range of new products with more capabilities and expanded services and installations.

    The consumer electronics industry is expected to show positive growth because of the new trends and technological innovations in the technology sector. This industry is following various new trends to keep pace with the fast-growing market. One of the trends is 5G technology which promised to be much faster in terms of speed of the internet. This technology is also helpful for people living in areas that areas where they have very poor or weak 4G coverage.

    Let take a look at how this industry is using new technology to meet the needs of consumers:

    Apple Inc. (NASDAQ: AAPL)

    Apple Inc. (NASDAQ: AAPL) shares were trading down -5.60% at $108.86 at the time of writing on Friday. Apple Inc. (NASDAQ: AAPL) share price went from a low point around $53.15 to briefly over $137.98 in the past 52 weeks, though shares have since pulled back to $108.86. AAPL market cap has remained high, hitting $1972.26B at the time of writing, giving it a price-to-sales ratio of more than 7. If we look at the recent analyst rating AAPL, Atlantic Equities resumed coverage on AAPL shares with an Overweight rating and a $121.77 price target, which implies room for 12.91% upside momentum this year.

    Sonos Inc. (NASDAQ: SONO)

    Sonos Inc. (NASDAQ: SONO) last closed at $14.60, in a 52-week range of $6.58 to $17.83. Analysts have a consensus price target of $16.43. Sonos Inc. revealed that it has decided to release its financial results for the fourth quarter and fiscal year ended October 3, 2020, on November 18, 2020. SONO market cap has remained high, hitting $1.69 B at the time of writing.

    Vuzix Corporation (VUZI)

    Vuzix Corporation (VUZI) stock drop by -2.72% to $3.94. The most recent rating by Alliance Global Partners, on May 11, 2020, is at a Neutral. Vuzix Corporation (VUZI) earlier disclosed that it has decided to host a conference call regarding its third quarter 2020 operating results at 4:30 PM Eastern Time (ET), November 9, 2020.

    GoPro Inc. (NASDAQ: GPRO)

    GoPro Inc. (NASDAQ: GPRO) shares headed falling, lower as much as -2.78%. The most recent rating by Citigroup, on March 16, 2020, is at a Sell. GoPro Inc. (GPRO) has announced earlier that it is scheduled to release its financial results for the third quarter ended September 30, 2020, after the market closes on November 5, 2020. GPRO market cap has remained high, hitting $964.30 million at the time of writing.

    Sony Corporation (NYSE: SNE)

    Sony Corporation (NYSE: SNE) rose 0.28% after gaining more than $0.23 on Friday. Sony Corporation (SNE) is reportedly in final talks with AT& T to buy U.S. animation-streaming service Crunchyroll in a deal worth more than 100 billion yen ($957 million), the Nikkei business daily reported on Friday.

    iRobot Corporation (NASDAQ: IRBT)

    iRobot Corporation (NASDAQ: IRBT) last closed at $79.58, in a 52-week range of $32.79 to $98.55. Analysts have a consensus price target of $92.20. iRobot Corporation (IRBT) share price went from a low point around $32.79 to briefly over $98.55 in the past 52 weeks. IRBT market cap has remained high, hitting $2.27 Billion at the time of writing.

    Turtle Beach Corporation (NASDAQ: HEAR)

    Turtle Beach Corporation (NASDAQ: HEAR) stock drop by -5.56% to $18.02. The most recent rating by Stifel, on September 30, 2020, is at a Buy. Turtle Beach Corporation (HEAR) and its Hamburg, German-based PC brand ROCCAT, earlier revealed their line-up of brand ambassadors coming together to stream for the Gamers Outreach charity.

  • Should You Be Holding Apple Inc (NASDAQ:AAPL) Right Now?

    Should You Be Holding Apple Inc (NASDAQ:AAPL) Right Now?

    Shares of Apple Inc. (NASDAQ: AAPL) fell 8% on Thursday as it has announced that it is delaying the release of a new privacy control feature as Facebook Inc has opposed the move. Apple believes that privacy is the basic human right. Its new privacy control feature was anticipated to be incorporated in the latest iOS 14 iPhone Operating System.

    Apple disclosed that the apps on iOS14, iPadOS 14, and tvOS 14 will be required to get the permission of the user to track users’ locations across apps or websites owned by other companies. In short, this move allows users to choose whether they allow an app to track them or not.

    But Facebook Inc said that this move will hurt its business model as this new feature will make it difficult for them to track the user and badly affected the advertising on its platform. Apple announced that the delay in the release of new privacy control features will give time to the developer to make required changes in its apps.

    Shares of Apple dropped 8.01% as it lost -10.52 on Thursday. In the past 52-weeks of trading, this company’s stock has oscillated between the low of $51.06 and a high of $137.98. AAPL has moved up 136.76% from its 52-weeks low and moved down -12.39% from its 52-weeks high. If we look at its profitability, it has a return on assets, equity, and investment of 17.70%, 70.70%, and 26.90%, respectively. Apple Inc. market capitalization has remained high, hitting $2070.71 billion at the time of writing. Focusing on its liquidity, it has a current ratio of 1.50.

    Apple Inc has also disclosed today that it was committed to freedom of information and expression in human rights policy. Apple said that it believes that there is a need for a society where information flows freely. The company is gearing up for the release of the 5G iPhone next month. Previously, Apple Inc has also disclosed its plan to invest in the construction of two of the world’s largest onshore wind turbines.