Apple Inc. unveiled its next generation iPhone 13 at its 'California Streaming' launch event in Cupertino.
The new iPads will ship next week. The new iPhones go on sale on Friday, Sept. 17 and ship on Friday, Sept. 24. The Apple Watch Series 7 will ship later this fall.
The iPhone 13 will come in five colors. The model will include advanced dual camera system and an OLED screen display. It will also have an A15 bionic chip, 5G connectivity and two extra hours of battery life. The phone will be available next week with a list price of $799.
The iPhone 13 Pro will include a larger display (as large as 6.7 inches), longer battery life and new camera system. It will be priced at $999.
The iPhone 13 Pro Max will list at $1,099.
Apple also unveiled new versions of its iPad tablet computer with a faster A13 bionic chip, and a the 7th series of its AppleWatch.
The new iPad will include an ultrawide 12 mega-pixel camera and will feature the 'true tone' technology. It will be available next week with a list price of $329.
The AppleWatch will include a new operating system iOS 8. It has 20% more screen space than its prior version. It will be priced at $399.
In the second quarter, Apple’s iPhone revenues climbed +49.8% year-over-year to $39.57 billion, surpassing the $35.8 billion expected by analysts.
iPad revenues rose +12% from the year-ago quarter to $7.4 billion.
Revenues from Wearables, Home and Accessories division collectively rose +35.4% from the year-ago quarter to $8.8 billion.
AAPL's Aroon Indicator triggered a bullish signal on May 25, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 407 similar instances where the Aroon Indicator showed a similar pattern. In of the 407 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable 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 339 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved below the 0 level on May 24, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on AAPL as a result. In of 70 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 May 22, 2023. 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 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AAPL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
AAPL broke above its upper Bollinger Band on May 05, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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 86, 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AAPL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 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 (43.860) is normal, around the industry mean (55.534). P/E Ratio (29.326) is within average values for comparable stocks, (43.301). Projected Growth (PEG Ratio) (2.853) is also within normal values, averaging (2.063). AAPL has a moderately low Dividend Yield (0.005) as compared to the industry average of (0.031). P/S Ratio (7.210) is also within normal values, averaging (75.817).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows