Is Apple Inc. (AAPL) Working On A Foldable iPhone?

Following news of conceivable iPhone X supply cuts, Apple stock went back up

With Samsung being a key rival, having its own FFOLED projects already well-known and lined up to compete, it makes sense that Apple would not want the firm to be involved. Welch Investments LLC purchased a new position in shares of Apple during the fourth quarter valued at about $146,000.

Michael Potuck at 9to5Mac lays out a compelling case for why Apple (NASDAQ: AAPL) should include either a 12-watt or 29-watt power adapter in the box with its iPhones. iPhones currently ship with more modest 5W power adapters, which can't charge the devices as quickly as either a 12W or 29W adapter. TrimTabs Asset Management LLC raised its position in shares of Apple by 88.3% in the first quarter. We'll just call them the "2018 iPhones" for now. Clearbridge Investments LLC now owns 6,815,812 shares of the iPhone maker's stock valued at $979,160,000 after acquiring an additional 82,453 shares in the last quarter. Sippican Capital Advisors lifted its position in shares of Apple by 0.5% in the 1st quarter. Following the transaction, the insider now owns 154,116 shares of the company's stock, valued at $22,806,085.68. "It looks like Apple's still using their own proprietary blend of sapphire", said the vlogger. The institutional investor owned 33,133 shares of the iPhone maker's stock after selling 1,177 shares during the quarter. The legal version of this news story can be read at Goldman Sachs Group Inc reissued a buy rating and issued a $170.00 target price (up from $164.00) on shares of Apple in a research note on Friday, May 12th. The company had a trading volume of 9,510,268 shares. The company has a 50 day moving average of $157.91 and a 200-day moving average of $151.39. 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 (NASDAQ:AAPL) last released its earnings results on Tuesday, May 2nd. The iPhone maker reported $1.67 EPS for the quarter, beating the Zacks' consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to analysts' expectations of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. During the same quarter in the prior year, the company earned $1.42 EPS. Analysts anticipate that Apple will post $8.94 earnings per share for the current fiscal year.

In other news, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction on Monday, August 28th.

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