Major Apple Inc shareholder Carl Icahn said the iPhone maker’s stock should be trading at $216, far above its record high of $124.92 hit on Wednesday, February 11, 2015. Is Bitcoin going to struggle for supremacy?
Apple stock hit its new ATH driven by increased iPhone sales and the launch of a competitive Vision Pro VR headset last week.
There have been numerous rumors about Apple working on an AR product. In particular, the company is allegedly developing the Apple Glasses – augmented reality glasses that overlay graphics in the real world around you.
As Wall Street predicts, the upcoming 2021 will be fruitful for Apple. Analysts expect the company’s revenue to increase to 15% in fiscal 2021 from 6% in 2020. Further, and profit growth is projected to double to 20%.
On Friday, Apple shares closed 10.47% up, $425.04 per share. In the early trading today, Apple (AAPL) stock is 1.50% up, $431.42 per share.
In February, Apple TV+ topped 10 million subscribers. Expanding content with Hollywood older shows and films, Apple TV+ will gain more traction. AAPL stock is rising in the pre-market.
Apple reported revenue of $58.3 billion for its fiscal second quarter, falling below its initial Q2 guidance but surpassing Wall Street’s muted expectations. AAPL stock is down in the pre-market.
Apple plans to release its Mac with its in-house Apple chips which will replace the current Intel processors. Apple is likely to feature its flagship products with 12-core SOCs. AAPL stock is up in the pre-market.
Apple’s latest affordable handset offering comes just at a time when the global markets and consumer spending has gone lower. The new iPhone SE comes with powerful hardware similar to the iPhone 11 along with several other features. AAPL stock is up now.
iPhone shipments are going to drop by 20-25% this year despite the launch of a new budget iPhone SE. Such a situation could change the way Apple is doing business. AAPL stock price lost 3% yesterday.
Apple is expanding its services like App Store, Apple Podcast, iCloud, Apple Music to the additional markets in Africa, Europe, Asia Pacific. However, AAPL stock is in the red today.