Kicking off today — and going all week long — is Apple’s AAPL Worldwide Developers Conference (WWDC), with the keynote address taking place at 10am PT from Apple Park, the tech-giant’s headquarters in Cupertino, CA. Being the first (and hopefully only) WWDC conducted during a global pandemic, this year’s event will have no attendees — it is a digital-only live stream, and it will be a free event open to the general public. (Normally, visitors would be required to buy tickets north of $1500.)
Among other things, this year’s WWDC will likely get a preview on Apple’s 5G products scheduled for release this fall, which will widen the possibilities for new applications on the iPhone and through the company’s $150 billion app store, which currently supports around 23 million developers. Developers will also be paying close attention to plans of Apple’s in-house ARM-based chips to replace those from long-term supplier Intel (INTC), news of which came out last week.
Apple may also unveil a new iMac this week, and analysts will be looking for faster performance and reduced power consumption, as new products are expected to implement iPad Pro Design language. Developers will also be looking for news on iOS 14 and watchOS 7.
The company faces uncommonly heavy scrutiny these days, however, as regulators and developers object to business practices at Apple, most specifically regarding its App Store. The European Union has already opened antitrust investigations against the company, and major app developers like Spotify SPOT complain about Apple’s slice of the pie from app services. But Apple’s operations are so massive, it would likely be very risky to challenge to company on these matters, less they be cut out of the App Store market altogether.
Apple shares are plateauing around all-time highs north of $350 per share, up 17% year to date, and +77.25% over the past year. The company has not missed earnings expectations in the last 16 quarters, with an average quarterly surprise over the trailing 4 quarters around 10%. Apple is currently a Zacks Rank #3 (Hold) company, with a Value-Growth-Momentum score of A. The stock is up slightly in Monday’s pre-market, where futures are in the green across the board.” data-reactid=”19″ type=”text”>Kicking off on the present time — and going all week prolonged — is Apple’s AAPL Worldwide Builders Conference (WWDC), with the keynote address taking situation at 10am PT from Apple Park, the tech-enormous’s headquarters in Cupertino, CA. Being the first (and confidently handiest) WWDC performed all the intention in which through a global pandemic, this twelve months’s event will develop no longer possess any attendees — it is a digital-handiest are residing stream, and this could well be a free event open to the normal public. (On the total, company would be required to eradicate tickets north of $1500.)
Amongst various issues, this twelve months’s WWDC will seemingly earn a preview on Apple’s 5G products scheduled for liberate this tumble, that could well possibly widen the potentialities for set aside spanking unusual capabilities on the iPhone and throughout the firm’s $150 billion app retailer, which at this time supports around 23 million developers. Builders can even be paying shut attention to plans of Apple’s in-residence ARM-based entirely chips to interchange these from prolonged-timeframe supplier Intel (INTC), news of which got right here out closing week.
Apple could well possibly also unveil a brand unusual iMac this week, and analysts will seemingly be procuring for faster performance and diminished vitality consumption, as unusual products are expected to put in pressure iPad Skilled Scheme language. Builders can even be procuring for news on iOS 14 and watchOS 7.
The firm faces uncommonly heavy scrutiny in the mean time, on the opposite hand, as regulators and developers object to change practices at Apple, most particularly regarding its App Retailer. The European Union has already opened antitrust investigations against the firm, and fundamental app developers adore Spotify SPOT complain about Apple’s sever of the pie from app products and companies. But Apple’s operations are so wide, it could probably well possibly seemingly be very unhealthy to narrate to firm on these issues, much less they be lower out of the App Retailer market altogether.
Apple shares are plateauing around all-time highs north of $350 per part, up 17% twelve months so a ways, and +77.25% over the past twelve months. The firm has no longer uncared for earnings expectations in the closing 16 quarters, with a median quarterly shock over the trailing 4 quarters around 10%. Apple is at this time a Zacks Deplorable #3 (Preserve) firm, with a Worth-Train-Momentum ranking of A. The stock is up a minute in Monday’s pre-market, where futures are in the inexperienced across the board.
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