Olson reiterated his overweight rating on Apple stock with a price target of 196.
In a note to investors, KGI Securities analyst Ming-Chi Kuo said the Face ID will be featured in the iPad in an effort to bridge the gap between iPad and iPhone users. The firm's 50-day moving average is $157.82 and its 200 day moving average is $151.43. Apple Inc. The company has a market cap of $136.45 billion, a PE ratio of 17.76 and a beta of 1.27. Apple has a one year low of $104.08 and a one year high of $164.94.
Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. Year-to-date, AAPL has gained 36.85%, versus a 15.71% rise in the benchmark S&P 500 index during the same period.
In 2020, Apple might not even be the second company to launch a foldable smartphone.
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This could be the sole reason for which Apple has decided to work with LG Display- a display solutions arm of LG on a new product.
That is if a new report from South Korea turns out to be accurate. Also, insider Angela J. Ahrendts sold 63,388 shares of the business's stock in a transaction dated Thursday, October 5th.
"We expect Apple's major promotion of facial recognition related applications will encourage the Android camp to also dedicate more resources to developing hardware and facial recognition applications", Kuo wrote.
Those abroad should check the Apple Store at 12:01am US Pacific Time, US Central Time 2:01am, Canada (Toronto) 3:01am, Central European Time 9:01am, Australia 3:01pm, and Japan (Tokyo) 4:01pm.
Koh said the company aims to release a smartphone with a bendable display in 2018.
Out of more than 6,000 respondents, 78% have an iPhone, up from 76% in Piper Jaffray's spring survey of teens.
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