Apple foldable OLED iPhone ditches Samsung

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The rumours so far mostly centre on the next-generation iPhone displays, which could tell us that a design overhaul is imminent, at least for the successors to the now "midrange" iPhone 8. Odey Holdings AG now owns 1,273 shares of the iPhone maker's stock valued at $147,000 after buying an additional 273 shares during the last quarter. Apple comprises about 4.4% of Baldwin Brothers Inc. Welch Investments LLC purchased a new position in shares of Apple during the fourth quarter valued at about $146,000.

Several other large investors also recently bought and sold shares of the company. Glacier Peak Capital LLC purchased a new position in shares of Apple during the fourth quarter valued at about $127,000. The stock had a trading volume of 9,508,321 shares.

As well as the display, Samsung reportedly provided the NAND flash and DRAM components for the device. Apple Inc. The company has a market cap of $136.45 billion, a PE ratio of 17.76 and a beta of 1.27. Apple Inc. has a one year low of $104.08 and a one year high of $164.94. The iPhone maker reported $1.67 EPS for the quarter, beating the Zacks' consensus estimate of $1.57 by $0.10. Apple had a return on equity of 34.94% and a net margin of 20.73%. The business had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. The firm's quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post $9.01 EPS for the current year.

COPYRIGHT VIOLATION WARNING: "Baldwin Brothers Inc". Shareholders of record on Monday, May 15th were issued a dividend of $0.63 per share. The stock has an average rating of "Buy" and an average target price of $189.40. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. Finally, Lbmc Investment Advisors LLC lifted its position in shares of Apple by 1.1% in the 1st quarter.

In other news, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Johny Srouji sold 10,469 shares of the stock in a transaction dated Wednesday, August 16th. Following the transaction, the senior vice president now owns 76,250 shares of the company's stock, valued at approximately $12,367,750. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 541,177 shares of company stock worth $85,864,804. Corporate insiders own 0.08% of the company's stock. KeyCorp reaffirmed an "equal weight" rating on shares of Apple in a research report on Friday, August 4th. Finally, Bank of America Corporation reissued a "buy" rating and set a $180.00 price objective on shares of Apple in a research report on Tuesday, September 26th. Nine analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. The company has a 50 day moving average of $157.91 and a 200-day moving average of $151.39. The bending problem was first discovered by iPhone 6 reviewers and subsequently dubbed "Bendgate".