Some media reports claim that Apple is moving away from Samsung due to the concern of possible leaks from the display wing of Samsung on future plans about iPhones. Gone are the bezels on the side, bottom, and top, giving the user a total of 5.8 inches of usable screen space.
Samsung is expected to launch its first commercial foldable phone next year, after trailing two phones in 2016 under the Project Valley name. LG, meanwhile, has reportedly completed its own foldable OLED panel prototype years ago, and is currently working to increase durability and the yield rate of the same. The brand new A11 Bionic processing chip will power the phone, resulting in a extremely quick and fluid user experience. Apple has a 12-month low of $91.50 and a 12-month high of $156.65. Additionally, over two-thirds expect to purchase the watch with cellular functionality, putting upward pressure on ASPs. The company has a market capitalization of $808.62 billion, a PE ratio of 17.77 and a beta of 1.27.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, August 1st. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. Apple had a net margin of 20.87% and a return on equity of 35.40%.
Well guess what: Jony Ive, the man who's probably ultimately responsible for the notch, said in an interview that the iPhone X design is only the beginning.
Orders can be reserved for pick-up in brick-and-mortar Apple Stores, or posted to home addresses, on Friday November 3rd. A foldable phone would be another massive design overhaul for the iPhone, the latest iteration of which, the iPhone X, represents the biggest iPhone design switch in years. Also, insider Angela J. Ahrendts sold 63,388 shares of the business's stock in a transaction dated Thursday, October 5th.
Foldable smartphone will take some time to be developed. Institutional investors own 58.76% of the company's stock.
Several equities research analysts have recently commented on AAPL shares.
Olson reiterated his overweight rating on Apple stock with a price target of 196.