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Abhoy Sarkar's Avatar
published in Blogs
Dec 11, 2020

Apple (AAPL, $120.68) plans in-house cellular modem development

Apple   announced it had started the transition towards building its first cellular modem for use in its devices, sending shares of Qualcomm down during pre-market trading Friday.

In 2019, Apple made a $1 billion acquisition of Intel's   modem business – which helps the iPhone maker to develop its own cellular modems. Apple did not specify when the modem would be ready to be installed in products.

Currently, the latest iPhones with 5G use parts sourced from Qualcomm.

Earlier this week, some reports suggested that Apple is planning to introduce its latest in-house microchips as early as spring 2021.

Related Ticker: AAPL

AAPL in -3.13% downward trend, declining for three consecutive days on March 04, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where AAPL declined for three days, in of 263 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AAPL as a result. In of 68 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for AAPL turned negative on January 31, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .

AAPL moved below its 50-day moving average on January 30, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for AAPL crossed bearishly below the 50-day moving average on February 05, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for AAPL's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AAPL advanced for three days, in of 342 cases, the price rose further within the following month. The odds of a continued upward trend are .

AAPL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. AAPL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (36.496) is normal, around the industry mean (75.130). P/E Ratio (27.232) is within average values for comparable stocks, (42.839). Projected Growth (PEG Ratio) (2.155) is also within normal values, averaging (1.954). AAPL has a moderately low Dividend Yield (0.005) as compared to the industry average of (0.024). P/S Ratio (7.138) is also within normal values, averaging (69.372).

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), GoPro (NASDAQ:GPRO).

Industry description

TVs, telephones, washing machines, home speakers and even home-office equipment like computers and printers…the list is virtually endless when it comes to consumer electronics and appliances. And, with ‘smarthomes’ increasingly becoming the reality, we could see a sharp surge in high-tech gadgets (including robotic appliances) making their way into our homes– and therefore spelling plenty opportunities in the related industries. Consumers account for 70% of US GDP, and their purchases of high-functioning electronics could make significant dents in the economy’s health. Sony Corp., Whirlpool and iRobot are some of the major consumer electronics/appliances makers.

Market Cap

The average market capitalization across the Electronics/Appliances Industry is 86.26B. The market cap for tickers in the group ranges from 129.13K to 2.77T. AAPL holds the highest valuation in this group at 2.77T. The lowest valued company is IALS at 129.13K.

High and low price notable news

The average weekly price growth across all stocks in the Electronics/Appliances Industry was 1%. For the same Industry, the average monthly price growth was 8%, and the average quarterly price growth was -4%. MICS experienced the highest price growth at 43%, while VOXX experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the Electronics/Appliances Industry was 70%. For the same stocks of the Industry, the average monthly volume growth was -20% and the average quarterly volume growth was -1%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 63
P/E Growth Rating: 56
Price Growth Rating: 55
SMR Rating: 63
Profit Risk Rating: 89
Seasonality Score: 9 (-100 ... +100)
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AAPLDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a manufacturer of mobile communication, media devices, personal computers, and portable digital music players

Industry ElectronicsAppliances

Profile
Fundamentals
Details
Industry
Telecommunications Equipment
Address
One Apple Park Way
Phone
+1 408 996-1010
Employees
161000
Web
https://www.apple.com
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AAPL and

Correlation & Price change

A.I.dvisor indicates that over the last year, AAPL has been loosely correlated with SONY. These tickers have moved in lockstep 39% of the time. This A.I.-generated data suggests there is some statistical probability that if AAPL jumps, then SONY could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AAPL
1D Price
Change %
AAPL100%
-2.54%
SONY - AAPL
39%
Loosely correlated
-1.75%
HEAR - AAPL
34%
Loosely correlated
-5.80%
LPL - AAPL
29%
Poorly correlated
-3.10%
GPRO - AAPL
26%
Poorly correlated
-2.74%
SONO - AAPL
25%
Poorly correlated
-0.52%
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