By
Godfrey Benjamin
March 22nd, 2024
Apple stock has added approximately 16%, 15%, and 21% in the past year, eight months, and three months respectively through Wednesday
Apple Inc (NASDAQ: AAPL) stock traded around $153.20, up approximately 0.45% in extended trading period. The American tech giant that has seen its market valuation scale higher, approximately $2.51 trillion as of today, is reportedly working on a new smartwatch tool for blood pressure, and fertility planning, according to WSJ. However, according to people familiar with the matter, Apple is not expected to release any health updates on its smartwatch series before 2022.
Apple Smartwatch Updates
Meanwhile, the company is anticipated to release a new version of its Apple Watch in September.
An update towards more sensors could mean an alteration of the current size or the company compelled to reduce the size of its components. All these coupled with the water-resistant features could mean more work for the developers.
The complexity of the Apple Watch Series 7 could detail much more than is reported according to an earlier report by Nikkei. The company is expected to release some new products this month, more so the iPhone 13.
The wearable already has complex sensors used to take heart readings including ECG functionality. An addition of a blood pressure measuring tool will help Apple push its wearable products to the global market in a better perspective.
AAPL Stock
Apple stock has generally been on the winning streak for the better part of the Covid pandemic. Worth noting, the company’s market capitalization is a few billion higher than the entire crypto market cap at the moment.
The company has, however, been working to free up some of its App Store restrictions to allow some developers to have in-app payment systems. Notably, during a ruling by the Japan Fair Trade Commission, Apple was compelled to allow some reader apps to have an in-app link on their website. As a gesture of goodwill, the company has ostensibly allowed the said apps to operate under the same rule globally.
“Trust on the App Store is everything to us. The focus of the App Store is always to create a safe and secure experience for users while helping them find and use great apps on the devices they love,” said Phil Schiller, Apple Fellow who oversees the App Store. “We have great respect for the Japan Fair Trade Commission and appreciate the work we’ve done together, which will help developers of reader apps make it easier for users to set up and manage their apps and services while protecting their privacy and maintaining their trust.”
Apple stock has added approximately 16%, 15%, and 21% in the past year, eight months, and three months respectively through Wednesday according to market analytics provided by MarketWatch.