Apple's (AAPL, $148.26) Content Will Play on Samsung TVs - Odd Partnership or Clever Strategy?
In what might seem like an unusual marriage, Apple and Samsung have joined hands for a new offering to consumers. Samsung Smart TVs will now play iTunes movie and TV content. Plus, users will be able to transfer/view content like photos and videos from their iPhones and iPads on to the screens of Samsung smart TVs via Apple’s Airplay2.
The partnership between the two rival smartphone makers was announced on Sunday, and reveals yet another potential move by Apple to bulk up its services business. While most of its revenues come from iPhone sales, Apple has been apparently looking to accelerate growth by expanding its services segment – which includes streaming platforms like Apple Music and online music store iTunes - especially since iPhone sales has reportedly flatlined in recent years. Allowing iTunes on Samsung TVs potentially lets Apple widen its reach among consumers.
Earlier instances of Apple tying up with competitors include Amazon's Echo devices starting to feature Apple Music, as announced in November. Amazon has its own music streaming platform Amazon Music. A year earlier, Apple began to allow Amazon’s Prime Video app on Apple TV.
Apple plans to double the size of its service business from 2016 to 2020, as indicated by CEO Tim Cook last week.
Aroon Indicator for AAPL shows an upward move is likely
AAPL's Aroon Indicator triggered a bullish signal on May 26, 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 408 similar instances where the Aroon Indicator showed a similar pattern. In of the 408 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 45 cases where AAPL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 26, 2023. You may want to consider a long position or call options on AAPL as a result. In of 70 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
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 .
Bearish Trend Analysis
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.
Fundamental Analysis (Ratings)
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 88, 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 (44.444) is normal, around the industry mean (55.539). P/E Ratio (29.762) is within average values for comparable stocks, (43.321). Projected Growth (PEG Ratio) (2.893) is also within normal values, averaging (2.080). AAPL has a moderately low Dividend Yield (0.005) as compared to the industry average of (0.028). P/S Ratio (7.310) is also within normal values, averaging (74.250).
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Fundamental Analysis Ratings
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