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Cult of Mac's buyback program offers cash for old Apple gear. Sell your iPhone, Apple Watch and more to us. Get a quote today! (via Cult of Mac - Tech and culture through an Apple lens)
Google and Tesla were both downgraded this week despite big rallies. Apple’s fundamentals put them in a different class, however, as the technical setup for Apple stock is just as strong, and this rally is still young, Sam Quirke writes for for MarketBeat on Thursday. Sam Quirke for MarketBeat: Apple… has been at the forefront of the tech-dominated rally that has helped the benchmark S&P 500 index gain 15% this year. Apple’s shares are not only up more than 50% themselves, but they’re also printing fresh all-time highs on a daily basis right now. But with the stock’s RSI showing a score of 70, indicating overbought conditions, could Apple be the next big name to receive a cooling down order? Rest assured,…
Google and Tesla were both downgraded this week despite big rallies. Apple’s fundamentals put them in a different class, however, as the technical setup for Apple stock is just as strong, and this rally is still young, Sam Quirke writes for for MarketBeat on Thursday. Sam Quirke for MarketBeat: Apple… has been at the forefront of the tech-dominated rally that has helped the benchmark S&P 500 index gain 15% this year. Apple’s shares are not only up more than 50% themselves, but they’re also printing fresh all-time highs on a daily basis right now. But with the stock’s RSI showing a score of 70, indicating overbought conditions, could Apple be the next big name to receive a cooling down order? Rest assured,…
The release of iOS 17 will cause unsupported iPhone X and iPhone 8 lose up to 50% of their value, according to SellCell. Apple’s seminal iPhone X Steven Knight for SellCell: Neither the iPhone X or the iPhone 8 will receive the iOS 17 update, which means the phones won’t get security updates either. Owners and their data are more at risk of attack by people with malicious intent, like hackers, for example. These models will become obsolete once the new iOS version rolls out to the public. This could spell disaster for iPhone X or 8 owners, who will see the value of their handset plummet considering the news. With Apple no longer supporting the devices, demand will drop…
Apple shares rose $2.44 (+1.41%) to close at $175.43 in Friday trading. The company’s 52-week high of $176.39 was set on May 19th. Earlier this month, Apple reported Q223 earnings of $2.34 per share on revenue of $97.3 billion, beating analyst expectations of $2.18 per share on revenue of $94.1 billion. The company also announced that it would be returning $90 billion to shareholders in the form of buybacks and dividends. The strong earnings and buyback announcement have helped to further boost investor sentiment in the company. Charley Grant for The Wall Street Journal: The S&P 500, which is up 8.1% in 2023, would be down for the year without the contribution of the eight largest tech stocks. The tech-heavy…
In the upcoming weeks, Apple plans to offer five different bonds in a sale to finance its buyback and dividend initiatives, and could potentially raise up to $5 billion.Apple plans a new bond saleJust days after its recent buyback of $90 billion worth of shares, on Monday, Apple filed a prospectus with the US Securities and Exchange Commission for a new bond program. Read more...
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