AAPL - Apple Inc.
| Previous Close | 220.96 |
| Open | 221.38 |
| Bid | 217.76 x 3200 |
| Ask | 217.85 x 4000 |
| Day's Range | 217.48 - 222.56 |
| 52 Week Range | 142.00 - 233.47 |
| Volume | 57,977,094 |
| Avg. Volume | 26,880,393 |
| Market Cap | 983.961B |
| Beta (3Y Monthly) | 1.08 |
| PE Ratio (TTM) | 18.49 |
| EPS (TTM) | 11.78 |
| Earnings Date | Oct 30, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | 3.08 (1.39%) |
| Ex-Dividend Date | 2019-08-09 |
| 1y Target Est | 224.48 |
- Yahoo Finance Video
Apple iPhone 11 goes on sale, Apple’s 5th Ave “Cube” store reopens
The iPhone 11 officially went on sale this Friday and Apple fans lined up to be first to get their hands on the new phone. Yahoo Finance's Dan Howley joins Jen Rogers, Brian Sozzi and Julia La Roche on The Final Round to share his thoughts on the new iPhone.
- Bloomberg
iPhone 11 Demand Will Surprise the Street, Analyst Ives Says
Sep.20 -- Dan Ives, Wedbush Securities analyst, and Bloomberg Businessweek's Max Chafkin discuss consumer enthusiasm over Apple Inc.'s iPhone 11 hitting stores. They speak with Bloomberg's Taylor Riggs on "Bloomberg Technology."
- Yahoo Finance
Netflix winning over Emmy Awards voters, but faces fierce streaming fight
It was a wild week in the streaming wars as platforms spent billions of dollars on top content.
- MarketWatch
Things are changing at Apple, but the iPhone hype formula stays the same
It’s become a late-summer ritual: Lines of consumers snake around Apple Inc.’s retail stores on a Friday in New York, San Francisco and all points in between on the first day a new iPhone is available.
- Market Realist
Trump, China Bring the Trade War Back, Stocks Crash
The Chinese delegation canceled planned goodwill visits to US farms because of trade war escalations. This affected markets yesterday.
- MarketWatch
Tech stocks face a 10% drop in the near-term, warns investor who once ran the world’s biggest technology fund
While investors sift through the aftermath of the weekend attack that disrupted Saudi Arabia’s crude output, the Wall Street veteran who ran the world’s biggest tech fund during the dot-com days issued a stark warning for those looking to hitch their ride to the continued leadership of the tech sector. A near-term correction is “inevitable,” Paul Meeks says.
- MarketWatch
Apple’s new iPhone 11s mean the two-year upgrade cycle is officially dead
Apple Inc.’s new iPhones have great cameras and battery life, but the key question remains whether consumers will deem them worth an upgrade.
- MarketWatch
Roku’s stock rocked as analyst asks, ‘Is Roku broku?’
Shares of Roku Inc. plunged Friday, putting them on track for their worst-ever weekly performance, as investors continued to express concern over increasing competition and an extreme valuation.
- Barrons.com
Here’s What Reviewers Are Saying About Apple’s 3 New iPhones
BARRONS NEXT HOT STOCKS Apple’s newest iPhones are here. Should you buy one? That is what reviewers have asked since the company announced the (AAPL) (ticker: AAPL) iPhone 11, 11 Pro, and 11 Pro Max—which start at $699, $999, and $1,099, respectively—earlier this month.
- Investor's Business Daily
Apple Puts Up Fight, But FANG Internet Giants Are MIA In Stock Market Rally
Apple is fighting at a buy point, but Facebook, Amazon, Netflix and Google have been MIA in the current stock market rally.
- TheStreet.com
Apple Arcade Feels a Bit Like Streaming Services in Their Early Days
Apple's game-subscription service doesn't have many big-budget titles for now. But it's priced aggressively, has some quality titles and comes without ads or in-game purchases.
- Reuters
UPDATE 1-U.S. trade regulators approve some Apple tariff exemptions amid broader reprieve
U.S. trade regulators on Friday approved 10 out of 15 requests for tariff exemptions filed by Apple Inc amid a broader reprieve on levies on computer parts, according to a public docket published by the U.S. Trade Representative and a Federal Register notice. The move by U.S. officials could make it easier for both Apple and small makers of gaming computers to assemble devices in the United States by lowering the costs of importing parts. Apple did not say why it requested the exemptions, but the requests were for components such as partially completed circuit boards.
- Investopedia
If You Had Invested Right After Apple's IPO
If you had purchased 10 shares of Apple at its IPO price of $220, you would be looking at a payoff of over $100,000. Here's a breakdown of the company's growth and stock splits.
- Reuters
U.S. trade regulators approve some Apple tariff exemptions amid broader reprieve
The move by U.S. officials could make it easier for both Apple and small makers of gaming computers to assemble devices in the United States by lowering the costs of importing parts. Apple did not say why it requested the exemptions, but the requests were for components such as partially completed circuit boards. Apple manufactures its Mac Pro computers in Texas, making the machine immune from tariffs, but such intermediate parts were subject to the levies.
- Zacks
ETFs in Focus as Netflix Bags Global Rights for Seinfeld
Netflix boosts its content portfolio with the new show. We highlight the ETFs that can gain from this move.
- Bloomberg
Apple’s Mac Pro Tariff Relief Requests Approved Despite Trump Opposition
(Bloomberg) -- Apple Inc. gained U.S. approval to avoid tariffs on Chinese imports for the upcoming Mac Pro computer, even though President Donald Trump indicated the company’s waiver requests would be rejected.Ten of Apple’s 15 requests for exclusions from 25% duties have been approved, according to the U.S. Trade Representative’s office. Customs and Border Protection determined it can administer the waiver from the levies when the goods enter the U.S. On Thursday, Apple’s request to win exemptions for the components had moved to an advanced stage in the approval process.Trump had signaled that relief from tariffs would be rejected, saying in a July 26 tweet that “Apple will not be given Tariff waiver, or relief, for Mac Pro parts that are made in China. Make them in the USA, no Tariffs!”But the president later told reporters “we’ll work it out” and that “I think they’re going to announce they’re going to build a plant in Texas.”Bloomberg reported in June that Apple was shifting production of its new Mac Pro to China from a facility in Texas. The Cupertino, California-based company hasn’t suggested there are plans for new factories in the state, though Apple has said it will expand its local headquarters there.Apple’s requests involved goods that are part of $200 billion in Chinese products hit with tariffs last September. Trump increased the duty on that batch to 25% from 10% in May. The rate is due to rise to 30% on Oct. 15, including on another $50 billion of goods also hit last year.Trump ordered duties on about $300 billion of essentially all remaining Chinese imports starting Sept. 1, but he delayed imposition on some consumer products until Dec. 15. Apple has said those duties would affect nearly all of its major products, including iPhones, iPads, MacBooks, Apple Watches, AirPods and the iMac.Apple had so far asked for exclusions on Mac Pro parts and accessories, as well as its Magic Mouse and Magic Trackpad. Requests for tariff relief for the overall exterior enclosure, the Magic Mouse and Magic Trackpad and some key internal components for the Mac Pro have been approved, while requests for wheels and other components are still under a substantive review by the USTR.Exclusion decisions are based on whether a product is available only from China, is strategically important or related to Chinese industrial programs, and whether duties will “cause severe economic harm” to the company or U.S. interests, the USTR has said.In its 15 requests for exclusions posted July 18, Apple said the devices or components are not related to Chinese industrial programs -- and that “there are no other sources for this proprietary, Apple-designed component.”To contact the reporters on this story: Mark Niquette in Columbus at mniquette@bloomberg.net;Mark Gurman in San Francisco at mgurman1@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Andrew Pollack, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- InvestorPlace
Friday Apple Rumors: iPhone 11 Pro Max Contains Bilateral Charging Components
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of what's inside the iPhone 11 Pro Max. Today, we'll look at that and other Apple Rumors for Friday.Source: Mykola Churpita / Shutterstock.com iPhone 11 Pro Max Teardown: A teardown of the iPhone 11 Pro Max shows off the components inside the smartphone, reports MacRumors. The most interesting thing found inside the iPhone has to do with bilateral charging, which could let users charge other devices with the iPhone. This includes components inside the device that would possibly allowing for this feature. However, users can't make use of these components yet. Despite this, it's possible a future update may allow for bilateral charging.Smart Battery Case: Apple may be planning to release smart battery cases for the iPhone 11 line, 9to5Mac notes. Speculation around such cases comes after details for them were found in iOS 13 code. This code suggests that smart battery cases for all three iPhone 11 models may be on the way. Now we just have to wait and see when, and if, AAPL will release them.InvestorPlace - Stock Market News, Stock Advice & Trading TipstvOS 13 GM: Apple is sending out the tvOS 13 GM beta to developers, reports AppleInsider. This version of tvOS 13 is the final one made available to testers before the official launch takes place. The "GM" in the name stands for gold master. Unless a horrible bug is found, this version of tvOS 13 is likely what will come out to the public later this month.Subscribe to Apple Rumors As of this writing, William White did not hold a position in any of the aforementioned securities.The post Friday Apple Rumors: iPhone 11 Pro Max Contains Bilateral Charging Components appeared first on InvestorPlace.
- Investor's Business Daily
Apple Stock Gets Price-Target Hike As iPhone 11 Goes On Sale
A Wall Street analyst raised his price target on Apple stock amid indications of better-than-expected initial sales of iPhone 11 series handsets. Apple started selling the new phones Friday.
- GuruFocus.com
Value Screeners Identify Opportunities Ahead of 4th Quarter
A look at the global value screener record in light of Apple’s iPhone 11 launch Continue reading...
- Bloomberg
Apple’s New iPhones Show Signs of Demand; New Store Draws Crowds
(Bloomberg) -- Apple Inc.’s latest iPhone models hit the stores on Friday, in a test of whether better cameras and longer battery life will be enough to lure buyers ahead of a much bigger redesign next year.The new line of hardware, including three new phones and an updated Apple Watch and iPads, was introduced on Sept. 10 and customers were able to place preorders last week to either be delivered or picked up in stores today. Long lines snaked around Apple’s flagship on Fifth Avenue in Manhattan as people waited to get in to the gleaming glass cube and descend to the underground space, which as been under renovation for two years and emerged Friday bigger and brighter. Apple Chief Executive Officer Tim Cook was on site for the opening and stood out on the store’s plaza across from Central Park taking selfies with fans.Sam Sheffer had already picked up his green iPhone 11 Pro in Manhattan’s SoHo store Friday morning, waiting in line for less than five minutes. But he went uptown to see the new store and potentially get a glimpse of Cook.“For me, a die-hard enthusiast, I wouldn’t be able to live knowing there was an iPhone I didn’t have,” Sheffer said.Apple shares declined 1.5% to close at $217.73, valuing the company at almost $984 billion.Apple’s latest iPhone faced some hurdles heading in to its annual revamp. Sales of the iconic smartphone have declined in the past three quarters, as prices crept above $1,000 and people hung on to their current models longer. A lack of revolutionary features on this year’s model could keep some fans holding out until 2020, when significantly faster 5G networks and a revamped design will open up new possibilities with the phone. At the same time, a trade war between the U.S. and China is also starting to take a toll.But some early reports from analysts pointed to encouraging signs for Apple. “Demand looks strong out of the gates for Apple as the lines at its flagship NYC store were up about 70% today compared to what we saw last year,” Dan Ives, an analyst at Wedbush Securities wrote in a note to investors. Having talked to customers in line, Ives said there was “strong demand for the base iPhone 11 as well as the 256GB iPhone 11 Pro in both the space grey and gold colors.” Ives said another positive sign for Cupertino, California-based Apple is that the lines were “unwavering into the afternoon.”Apple set the base model price at $699 for the iPhone 11, down from the iPhone XR’s $749 price last year and below some analysts’ expectations. That might help attract some first-time buyers to its expanding entertainment and services ecosystem.Rosenblatt Securities Inc. said it’s seeing “some new model production increases for September and October for the new iPhone models.” Jun Zhang, an analyst at Rosenblatt, wrote that the firm now sees volume increasing by 3 million to 5 million units more than earlier expectations, to 68 million to 70 million units.It may come as a disappointment to those waiting on line on Fifth Avenue, but if they haven’t preordered their phone, they could face a two-to-three week wait, according to Zhang. That’s a longer wait time than the one-to-two weeks for last year’s iPhone XR, but, “there is a lot of inventory at other retailers,” Zhang said.Longbow Research analyst Shawn Harrison said Apple could be seeing a “potential higher floor in iPhone demand,” and that “initial iPhone search trends are positively surprising.”Lines outside Apple stores around the world were typically shorter or non-existent this year, but tourists and customers thronged the Fifth Avenue location. Daniel Akinsulire found himself stuck deep in line on 58th Street, waiting to pick up phones for his family. “I didn’t know it would be this packed,” he said. “I might be late for work.”(Updates with analyst comment in seventh paragraph.)To contact the reporters on this story: Molly Schuetz in New York at mschuetz9@bloomberg.net;Kiley Roache in New York at kroache@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Barrons.com
Wall Street Is Excited About Long Lines for the iPhone 11. Here’s the Problem.
It’s tough to evaluate demand for Apple’s newest smartphones relative to last year because the release schedule this year was different.
- TipRanks
Evercore Remains Bullish on Alphabet Stock as Antitrust Threat May Prove Less Than Feared
To help aid its investigation into Big Tech, investigators from the House Judiciary Committee last week wrote to Alphabet's (GOOGL) Google, Apple (AAPL) and Amazon (AMZN), requesting documents which they believe will help provide information on whether these companies have broken any laws. Primarily, the committee is looking into whether Big Tech practices are harming customers or violating antitrust law, but are not necessarily looking into privacy (as other bodies are).When it comes to Google, the House is looking into a wide-range of antitrust concerns, including 25 businesses within the company. While the scope is large, Evercore's Kevin Rippey is not too concerned as “only four of these areas of concern relate to the core search business,” which represents about 75% of the enterprise value.As a result, Rippey maintains an Outperform rating on GOOGL stock, with a $1,350 price target, which implies about 10% upside from current levels. (To watch Rippey's track record, click here)"So long as the House’s efforts are focused on businesses other than Search, the magnitude of material financial risk may prove less than feared," Rippey opined. "The Committee seems more focused on the company’s ad tech complex...as well as the sharing of data between the Chrome, Android, Cloud, and advertising business lines.” Chrome will be a priority for the Committee, as it mentioned the browser four times in letter to the company. Besides Chrome, Rippey believes “Android and the app store remain areas of vulnerability.” Given the app store’s "monopoly control over app distribution,” Rippey thinks that app stores “are a key area of vulnerability under existing anti-trust law.” For better or worse, this is not Google’s first time in an antitrust investigation. Last year, the company was fined $5 billion by the European Commission for Android-related antitrust violations. And with Big Tech is routinely and increasing receiving negative attention from presidential candidates in the Democratic party, this investigation is surely not the end of regulators’ focus on the tech giant. But like other tech companies, Alphabet stock continues to be one of Wall Street's favorites. TipRanks analysis of 33 analysts ratings on the stock shows a consensus Strong Buy, with 29 analysts rating the stock a Buy and four who giving it a Hold. The average price target among these analysts stand at $1,404.22, representing a 14% upside from current levels. (See GOOGL's price targets and analyst ratings on TipRanks)
- Zacks
3 Dividend-Paying Tech Stocks for Income Investors to Buy Right Now
We searched for strong tech companies that also pay a dividend, utilizing our Zacks Stock Screener. These three tech stocks should remain attractive to investors even during a potential market downturn...
- InvestorPlace
3 Top Stock Trades for Monday: ROKU, AMZN, S&P 500
It was a quadruple witching day on Wall Street, leading to extra volatility on Friday. Some late-session trade headlines didn't help matters. Let's look at a few top stock trades in deep detail. Top Stock Trades for Tomorrow 1: ROKUWe covered Roku (NASDAQ:ROKU) earlier this week, but given the drumming that it took Friday -- down more than 20% at one point -- I thought it was worth looking at again. InvestorPlace - Stock Market News, Stock Advice & Trading TipsShares bounced on Thursday following a test of the 50-day moving average. However, they began Friday under pressure after Pivotal Research initiated the stock with a sell rating and $60 price target. * 8 Dividend Stocks to Buy for a Recession Where are we now? The 100-day is at $109.70, while the gap-fill from the post-earnings surge is down at $100.97. Near there is the 50% retracement for the one-year range at $101.43. In between the downside levels (the gap fill and the 50% retracement), and the upside (the 100-day moving average), is Roku stock price. When shares were trading at $105.93 -- which they were at one point on Friday -- it was down 40% from its highs. From its peak, Roku stock fell about 60% in Q4. So this name has a tendency to shed some weight, but it has given investors an opportunity to get long too. A few lucky ones did. With 45 minutes to go in the session, Roku stock already surpassed 57 million shares traded. It feels greedy, but I would love to see Roku fill its gap back down to ~$101. A lower open on Monday that reclaims Friday's close would be the reversal that short-term traders need to get long this one again. Over the 100-day moving average could get a squeeze going up to the 38.2% near $119 and possibly the 50-day near $128. If the gap-fill level and the 50% retracement doesn't hold, the August lows near $96 are on the table. A flush lower from there would be possible if buyers don't step up and defend Roku. Top Stock Trades for Tomorrow 2: AmazonWith the stock market near its all-time highs and with several mega-cap tech companies back in favor -- like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) -- it's interesting to see Amazon (NASDAQ:AMZN) act as a laggard. Shares are down almost 12% off the July highs, when it looked like Amazon stock was going to breakout. The stock has spent 2019 putting in a series of higher lows (blue line), although AMZN is threatening to break that trend should it continue much lower. Adding more weight to the current price action, the 200-day moving average is about $20 per share below current levels. Should AMZN lose uptrend support and the 200-day moving average, range support at $1,750 will almost instantly be on the table. Further, the 61.8% retracement is in this area too, at $1,757. If this area fails, then the June lows near $1,672 will be in the cards as Amazon stumbles into no man's land. On the upside, look to see how the stock does with the $1,850 area. There it has range resistance and the 50-day moving average. At $1,879 is the 78.6% retracement. Over this area puts $2,000+ back on the table. That's a lot of detail to absorb. So try to keep it simple. Below the 200-day moving average, and range support at $1,750 is on the table. Below that mark is bearish. If the 200-day holds, $1,850 resistance is on the table. Above that is bullish and over $1,880 puts $2,000+ in the realm of possibilities.In between is chop. Top Stock Trades for Tomorrow 3: S&P 500 (SPY)Many equity traders prefer to use the SPDR S&P 500 ETF (NYSEARCA:SPY) instead of the S&P 500. So let's take a closer look at the SPY. Interestingly, the SPY made a new 52-week high this week, while the S&P 500 did not. And while it hovers just below all-time high resistance between $300 and $301, investors having to digest a Fed day. That's shown on the charts via a blue box. I tweeted earlier on Friday that, once the SPY went below the Fed-day highs, it put the Fed-day lows on the table. So long as we remain beneath that mark, those lows remain on the table. Below the lows could create selling pressure. In short, above the box is good, below the box is bad. Should the SPY reclaim the Fed-day highs and push over $300, then the recent highs at $301.24 are on the table and above that is blue sky. If the SPY takes out the Fed-day lows, we'll have to consider downside levels. The first downside mark is the 20-day moving average currently near $296 and below that is the 50-day at $239.65. Should the SPY fall below those levels, prior range resistance from August will be a key level to watch, between $292.50 and $293. Below that mark and we could really get some downside follow through. * 7 Triple-'F' Rated Stocks to Leave on the Shelf So again, to keep it simple: Over the Fed-day highs and upside can continue. Below the Fed-day lows and we have to be on guard. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL, AMZN and ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Triple-'F' Rated Stocks to Leave on the Shelf * 10 Excellent Stocks to Watch for 2020 and Beyond * 7 Consumer Stocks to Buy in an Uncertain Market The post 3 Top Stock Trades for Monday: ROKU, AMZN, S&P 500 appeared first on InvestorPlace.
