Apple to hold an event March 21

What's Happening With AAPL View more about AAPL >

Technology leader Apple, Inc. (AAPL) will hold a special event on March 21 to unveil new products. After falling out of grace with Wall Street during the second half of 2015, AAPL shares are currently trending higher, and shares are up 0.6% on the year.

Technical Analysis

AAPL was recently trading at $105.90, down $28.64 from its 12-month high and $13.90 above its 12-month low. Technical indicators for AAPL are neutral and the stock is in a weak upward trend. The stock has recent support above $100.10 and recent resistance below $106.30. Of the 31 analysts who cover the stock, 21 rate it a “strong buy”, three rate it a “buy”, six rate it a “hold”, and one rates it a “strong sell”. The stock receives S&P Capital IQ’s 5 STARS “Strong Buy” ranking.

Analysts' Thoughts

One of the biggest concerns regarding Apple at the current time is slowing iPhone sales. Analysts fear that since the death of founder Steve Jobs, the company has lost its innovative touch, and the lack of any new blockbuster product will prevent strong future growth to balance out a maturing smartphone market. The company will hold an even on March 21, and is expected to unveil a smaller iPhone, an updated iPad and Apple Watch accessories, and a new iOS operating system. If analysts are impressed with the new products and upgrades, the stock will be able to build on its recent momentum.

AAPL
About Apple Inc.

Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple's total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care and Apple Pay, among others. Apple's products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers. The company generates about 40% of its revenue from the Americas, with the remainder earned internationally.

  • Last Price:
    $220.96
  • Previous Close:
    $222.77
  • Change:
    $-1.81 (-0.81%)
  • Open:
    $222.01
  • Volume:
    22,016,965
  • Average Volume (100 Day):
    28,040,068
  • Market Capitalization:
    $998.6 B
  • Day's Range:
    $220.37 - $223.76
  • Dividend Yield:
    1.38%
  • 52-week Range:
    $233 - $142.00
  • P-E:
    18.70
  • EPS:
    $11.74
  • Earnings Date:
    11/7/19
  • Ex Dividend Date:
    8/9/19
  • Sector:
    Technology
  • Industry:
    Consumer Electronics
  • Analyst Average Recommendation:
    Moderate Buy

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