After being in a trading range for quite some time and well off its 52-week high, AAPL has just jumped almost two percent, adding over $2.35/share and trading at $130.29, but still off its all-time highs.
Several data points of which to be aware:
- it was reported yesterday that analysts expect Apple to sell a record number of iPhones this year, easily eclipsing its record iPhone sales back in 2015; there had been rumors of an Apple iPhone supercycle beginning this year;
- major smartphone manufacturer LG announced that it will exit the smartphone field immediately;
- there was a report that despite semiconductor and other parts shortages, the iPhone will not be affected; and most other Apple products will not be affected or if they are, minimally affected;
- Apple seems to have the higher "moral" ground when it comes to privacy and transparency;
- yesterday it was announced that the public school system in Edinburgh, Scotland, will be providing an iPad for each student from ten to eighteen years of age.
- AAPL one-year target: trending toward $160/share
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
EPD: paying 7.98%, EPD announced no change in its next quarterly payout. Link here.
US Markets: after being mixed all day, all three major indices are now green.
Another day, another record:
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Gasoline Demand
Link here. A disappointment based on preliminary data from other sources.
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