Apple stock news

Here are the latest news and updates on Apple Inc. (AAPL) stock:

Current Stock Price: $173.45 (as of 3:45 PM EST, March 17, 2023)

Recent News:

  1. Apple Reports Strong Q1 Earnings: Apple announced its Q1 2023 earnings on February 2, 2023, beating expectations with revenue of $117.2 billion and net income of $29.9 billion. The company's services segment, which includes the App Store, Apple Music, and Apple TV+, saw significant growth, with revenue up 16% year-over-year.
  2. iPhone 15 Pro Models Leaked: In late February, rumors emerged about the upcoming iPhone 15 Pro models, which are expected to feature a new design, improved cameras, and faster processors. The leaks suggest that the phones will have a more seamless glass design, a new "Dynamic Island" notch, and a faster A17 Bionic chip.
  3. Apple Acquires Mobeus: On February 28, 2023, Apple announced that it had acquired Mobeus, a UK-based artificial intelligence (AI) company. The acquisition is expected to enhance Apple's AI capabilities and improve its Siri virtual assistant.
  4. Apple's Self-Driving Car Project: In early March, reports emerged that Apple is working on a self-driving car project, codenamed "Project Titan." The project aims to develop a fully autonomous vehicle that can operate without human intervention.

Analyst Estimates:

  1. Morgan Stanley: Morgan Stanley analyst Katy Huberty has a "Buy" rating on Apple stock, with a price target of $200.
  2. Goldman Sachs: Goldman Sachs analyst Rod Hall has a "Buy" rating on Apple stock, with a price target of $185.
  3. UBS: UBS analyst Dinesh Moorjani has a "Buy" rating on Apple stock, with a price target of $180.

Market Trends:

  1. AAPL's 52-Week Range: Apple's stock has traded between $144.56 (low) and $182.94 (high) over the past 52 weeks.
  2. AAPL's Market Capitalization: Apple's market capitalization is approximately $2.35 trillion, making it one of the largest publicly traded companies in the world.
  3. AAPL's Dividend Yield: Apple's dividend yield is currently around 0.6%, which is relatively low compared to other dividend-paying stocks.

Investor Sentiment:

  1. AAPL's Short Interest: As of February 28, 2023, Apple's short interest stood at around 1.3% of its float, indicating that a relatively small percentage of investors are betting against the stock.
  2. AAPL's Institutional Ownership: Institutional investors, such as mutual funds and pension funds, own around 62% of Apple's outstanding shares, indicating a high level of confidence in the company's prospects.

Please note that the information provided is subject to change and may not reflect the current market situation. It's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.