Apple Inc. (NASDAQ:AAPL), after opening its shares at the price of $149.03, jumped up 2.72% to close at $153.01 for the day. The stock moved on a traded volume of 48,761,580 shares, in comparison to 23,770,826 shares of average trading volume.
On Monday U.S Stocks Update: European stocks and bond yields rose, boosted by historically low stock market volatility, continuing relief from this weekend’s French presidential election and solid corporate earnings.
Europe’s index of leading 300 shares was up 0.4 per cent at 1,552 points on Tuesday, Germany’s DAX Germany’s DAX rose 0.3 per cent, France’s CAC 40 and Britain’s FTSE 100 added 0.4 per cent.
Asian stocks did not perform as well, with China’s seventh consecutive loss – the longest losing streak for four years – weighing on the region more broadly.
But overnight, the VIX index of implied volatility on the S&P 500 – the so-called Wall Street “fear gauge” – fell to its lowest intraday level since December 2006. It closed at 9.77, its lowest closing level since December 1993.
US futures pointed to a slightly higher opening on Wall Street, which would see the S&P 500 moving even higher than Monday’s record 2,401 points.
On Tuesday Apple News Update: Apple’s rumoured anniversary edition of the iPhone (Iphone 8) is tipped to come with a bunch of new features in order to entice buyers. These include an OLED panel, new design, glass and metal build and more. However, Apple may add a little bit extra into the mix in order to sweeten the deal. According to a report by 9to5Mac, a JPMorgan analyst believes that the company may bundle the smartphone with its AirPods wireless headphones.
Apple iPhone 8 rumoured specs
|Release||Early September 2017|
|Frame||Stainless steel chassis, flat all-glass design|
|Screen||5.8in edge-to-edge AMOLED display, cheaper 5.5in and 4.7in models using LCD|
|Processor||Apple A11 quad-core, running iOS 11|
|RAM||2GB, 3GB for Plus model|
|Battery||‘True’ wireless charging up to 15ft, also wired|
|Camera||Dual lens 12MP, single lens for cheaper models|
|Connectivity||USB Type-C or Lightning|
The iPhone 8 will ship in October, following a September launch, according to new rumours circulating in Asia. Production will start next month, with full assembly beginning in July, meaning it’ll be ready to ship in October.
“TSMC will begin to fabricate the wafer starts needed for the production of A11 processors on June 10 and to deliver the chips in volume quantity in the second half of July, the report indicated.”
The report (translated by Mac Rumours) said Zhen Ding and Kinsus have made sure they have enough parts to fulfil Apple’s demands and they will begin manufacturing in July. It also revealed Foxconn, Winston, and Pegatron who will assemble the iPhone 8 have all appointed more staff and training has commenced to help with the production drive.
At the same time, TrendForce has published a report regarding the iPhones which WILL arrive in 2017, suggesting that this year’s models will not pack 4GB of RAM, instead Apple will go for 3.2GB. However, the analysis does differ somewhat from DeutscheBank, in the sense that TrendForce believes the iPhone 8 with OLED will also pack 3.2GB RAM and that users shouldn’t expect 4GB RAM until 2018; that suggests the firm still expects the iPhone 8 to arrive this year.
The 52-week range for the stock is $89.47 and $153.70 and during the previous trading session the stock touched its highest price at $153.70. Its introductory price for the day was $149.03. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 6.43% where (SMA50) and (SMA200) are 7.81% and 26.69% respectively.