About Apple Inc
Apple was founded by Steve Jobs, Steve Wozniak and Ronald Wayne on 1st of April 1976 in Cupertino, California, United States. Some question the valuation and other competitors rising.
Broker recommendations for Apple
The Apple, Inc. stock is rated at 1.512195 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Friday 7 August, 2020 by a total of 41 brokers. This means that the consensus of the 41 different brokers is leaning toward to overweight (moderate buy).
3 (7.32%) Underweight
1 (2.44%) Hold
12 (29.27%) Overweight
3 (7.32%) Buy
Price target by analysts
The 37 latest analyst estimates, per Tuesday 11 August, 2020, show the following high, low and average price targets.
Target Average: 428.41 USD
Target High: 515 USD
Target Low: 314 USD
Epic Games sues Apple, Google after ‘Fortnite’ game removal
Friday, 14 August 2020, 06:39:31
San Francisco, Aug 14 (IANS) Soon after Apple and Google removed the popular video game Fortnite from their respective app stores for allegedly violating their in-app payment guidelines, the game maker Epic Games has filed a lawsuit against the tech giants. Challenging the iPhone maker’s rules as well as Google, Epic Games filed the lawsuit in the US District Court in California, claiming Apple has set “unreasonable restraints” over how it handles in-app payments, reports The Verge. “Apple has become what it once railed against: the behemoth seeking to control markets, block competition, and stifle innovation. Apple is bigger, more powerful, more entrenched, and more pernicious than the monopolists of yesteryear,” Epic Games said in its lawsuit. In a similar suit against Google, Epic alleged that “Google was founded as an exciting young company with a unique motto: “Don’t Be Evil” … Twenty-two years later, Google has relegated its motto to nearly an afterthought, and is using its size to do evil upon competitors, innovators, customers, and users in a slew of markets it has grown to monopolise.” Epic further claimed that Google forced phone manufacturer OnePlus to break off a deal that would have seen a special Fortnite launcher preinstalled on OnePlus phones and also asked other phone makers like LG to abandon any plans to do the same.
New US sanctions could slowly strangle Huawei’s smartphone business
Friday, 14 August 2020, 06:02:27
Huawei recently became the world’s biggest smartphone maker, beating Samsung and Apple at their own game by offering consumers state of the art phones with amazing cameras at competitive prices.
Fortnite kicked out of Google Play Store, Apple App Store after Epic fights 2 companies
Friday, 14 August 2020, 05:53:53
Apple and Google on Thursday removed Epic Games’ Fortnite from the App Store and Google Play Store for launching a direct payment plan that bypasses Google and Apple.
— India Today
Apple, Google drop popular game Fortnite from app stores over payments
Friday, 14 August 2020, 05:12:00
Apple and Google both take a 30% cut from in-app revenue purchases in games, which has long been a sore spot with developers
— Business Today
Stock Markets Stay Flat as Apple Approaches $2 Trillion; Bonds Swoon – TECHTELEGRAPH
Friday, 14 August 2020, 04:08:41
The stock markets went back to their old pattern on Thursday, sending mixed messages depending on which index you looked at. The Dow Jones Industrial Average (DJINDICES:^DJI) and S&P 500 (SNPINDEX:^SPX) gave up modest amounts of ground, but the Nasdaq Composite rose by a similarly small percentage. Overall, markets seemed content to tread water near […]