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Apple analyst Ming-Chi Kuo said that the company is likely to roll out 4-6 products with mini LED display technology next year. Apple is actively expanding the range of its offers which makes its stock price grow.
Apple Inc. has gained a strong foothold in the smartphone and computing industry through its high-quality products. Whether it be iPhone, iPad or the Mac, Apple has always put special attention to its display technology and invested billions of dollars over the course of the last few decades.
Recently, popular Apple analyst Ming-Chi Kuo stated that the Cupertino-based tech giant will switch to mini-LED technology in the next one year. As reported by 9to5mac, Kuo predicts that Apple will bring the mini LED technology to its iPad and MacBook series.
The analyst adds that Apple will roll out a total of 4-6 products with the mini LED panel. According to Kuo, the first product with a mini LED will be the 12.9 iPad Pro with a tentative release date in Q3 2020. Furthermore, he adds that Apple will probably release an updated model of the MacBook Pro with mini LED technology by Q4 2020. This will likely be a successor to the recent 16-inch MacBook Pro offering by the company.
Kuo also predicts that Apple will aggressively push the use of mini LEDs in the next two-three years. He further added that Apple’s adoption of this technology will “accelerate the mini LED industry development.”
According to Apple, the mini LED screen panels will have much higher benefits over the existing technology. Firstly, the mini LED panels are much thinner, power-efficient, and don’t burn-in like their OLED counterparts. Furthermore, mini-LEDs offer rich-wide color gamut, high dynamic range, high contrast ratios, and localized dimming.
Apple’s Plans for 2020 and Ahead
Having enjoyed a decade of dominance in the smartphone industry, Apple is now looking for new ventures and avenues. The company is eyeing a potential market in the payments industry, web-streaming services, and augmented reality. With a massive cash vault, Apple plans to make billions of dollars worth investments in these sectors.
Despite the drying sales of iPhone this year, Apple’s push in multiple streams has given a massive hope to its investors. So far in 2019, the AAPL stock has been the darling of investors giving over 80% returns year-to-date. The AAPL is currently trading at $265 with the company’s market cap at $1.17 trillion. In this context, it’s important to bear in mind that in this period last year the stock price was around $184 which demonstrates its significant growth in 2019.
In August 2019, the Cupertino-based tech giant launched in Apple Card service in partnership with Goldman Sachs. The Apple Card was supposedly launched to boost its Apple Pay payment services while integrating it across stores, apps, and websites.
Besides, as part of its major product shift strategy, Apple plans to launch its Augmented Reality Headset by 2022. In the past, Apple chief Tim Cook has been very open about the underlying potential in the Augmented Reality market. Apple has also partnered with existing players like Valve to take their AR journey to the next level.
Furthermore, Apple is also stepping its foot in the streaming business while further escalating the ongoing streaming war between Netflix, Amazon, and Disney. Last month, Apple launched Apple TV Plus to compete against these players with just $4.99 monthly subscription charges.