Asian stocks slipped on Monday as increased geopolitical risks prompted investors to favor safe-haven bets such as government debt while the dollar drew support from Federal Reserve policy tightening expectations.
Apple Inc (NASDAQ:AAPL), after opening its shares at the price of $143.73, dropped – 0.22% to close at $143.34 for the day. The stock moved on a traded volume of 16.67M shares, in comparison to 23.71M shares of average trading volume.
Apple iPhone 8 launch date may be delayed
According t o Hindustan Times, Apple’s 10th anniversary iPhone 8 or iPhone X (rumoured to be named X) may be launched later than September this year, analysts claim.
Speculations are rife that even if Apple showcases the phone in September, shipping will be delayed by several weeks. Apple is expected to launch the new iPhone 7S and iPhone 7S Plus along with traditional 4.7-inch and 5.5-inch and an all-new 5.8-inch variant of the iPhone 8 with an OLED display in its September event.
According to Apple analyst Brain White’s note to investment reasearch firm Drexel Hamilton, the new iPhone 8 might be made available for pre-order in September, but deliveries of the 5.8-inch model will not begin until “several weeks later”.
“Since it is only April, this situation could improve. Essentially, our contact believes customers will be able to pre-order the new 5.8-inch iPhone 8 along with the new 4.7-inch and 5.5-inch iPhones in September; however, the 5.8-inch iPhone 8 will not be available for delivery until several weeks later,” the note further reads. Hindustan Times
Apple iOS 11 Will Not Stop Support 32-Bit Apps
In a bid to remove problem apps and to focus on quality, Apple will stop supporting 32-bit apps with the release of iOS 11 later this year, meaning that many legacy applications will no longer function at all. According to News18
“Starting with iOS 10.3, Apple has started alerting users when they open a 32-bit app on iOS. The pop-up notification reads that the app must be updated by the developer or else it may not work with future versions of iOS,” tech website 9to5mac.com reported on Monday.
The tech giant started supporting 64-bit applications with the launch of the iPhone 5s in September 2013. The company also asked developers to submit new apps with 64-bit support since February 2015 and app updates starting June 2015. News18 Update
The 52-week range for the stock is $89.47 and $145.46 and during the previous trading session the stock touched its highest price at $144.18. Its introductory price for the day was $143.73. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 1.11% where (SMA50) and (SMA200) are 4.90% and 23.68% respectively.