17-Apr-2024
Huawei launches new line of high-end phones in China, ramping up pressure on Apple
Seeking Alpha News (Thu, 18-Apr 6:13 AM ET)
Apple to invest over $250M to expand Singapore campus
Seeking Alpha News (Thu, 18-Apr 5:51 AM ET)
Taiwan Semiconductor rises after Q1 beat, upbeat Q2 outlook on AI demand
Seeking Alpha News (Thu, 18-Apr 5:20 AM ET)
Apple's Falling iPhone Sales Have Another Challenge To Deal With As Huawei Launches New Phones
Benzinga (Thu, 18-Apr 4:23 AM ET)
Buy Rating on Apple Amid New XR Products Launch and Premiumization Strategy
TipRanks (Thu, 18-Apr 3:06 AM ET)
TipRanks (Thu, 18-Apr 2:01 AM ET)
Benzinga (Wed, 17-Apr 10:01 PM ET)
Amazon or Apple: Top Analyst Tom Forte Chooses the Superior ‘Magnificent 7’ Stock to Buy
TipRanks (Wed, 17-Apr 7:24 PM ET)
Nvidia retakes top spot from Tesla as IBKR's most-actively traded during 'chaotic' week
Seeking Alpha News (Wed, 17-Apr 5:27 PM ET)
Nvidia retakes top spot from Tesla as IBKR's most actively traded during 'chaotic' week
Seeking Alpha News (Wed, 17-Apr 5:27 PM ET)
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.
Apple trades on the NASDAQ stock market under the symbol AAPL.
As of April 17, 2024, AAPL stock price declined to $168.00 with 42,341,982 million shares trading.
AAPL has a beta of 1.06, meaning it tends to be more sensitive to market movements. AAPL has a correlation of 0.35 to the broad based SPY ETF.
AAPL has a market cap of $2.60 trillion. This is considered a Mega Cap stock.
Last quarter Apple reported $120 billion in Revenue and $2.18 earnings per share. This beat revenue expectation by $2 billion and exceeded earnings estimates by $.08.
In the last 3 years, AAPL stock traded as high as $199.62 and as low as $122.25.
The top ETF exchange traded funds that AAPL belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.
AAPL has underperformed the market in the last year with a return of +2.3%, while the SPY ETF gained +22.5%. In the last 3 month period, AAPL fell short of the market, returning -7.9%, while SPY returned +6.3%. However, in the most recent 2 weeks AAPL has outperformed the stock market by returning -1.0%, while SPY returned -3.6%.
AAPL support price is $167.13 and resistance is $171.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AAPL stock will trade within this expected range on the day.