On Thursday, Shares of Apple Inc (NASDAQ:AAPL), declined -0.45% to $120.94.
The firm opened its current trade at $121.85, and as of now, it is trading at $120.54. The total volume traded for the day is 22.98M shares, as compared to its average daily volume of 51.15M shares. The stock is floating in a range of $120.18 - $122.69. The stocks hold the market capitalization of $675.76B.
The mean estimate for the short-term price target for the firm stands at $148.88, according to 42 brokers. The higher price target for AAPL is $200.00, while the lower price target is $85.00.
Analysts mean recommendation for the stock is 1.90. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. According to news report, Apple (AAPL) shipped about 7 million Apple Watches in the past six months since the device was released back in April, far outpacing its wearable rivals, according to ZDnet.com. This figure is more than what its competitors combined have shipped in over a year. According to research firm Canalys, Apple was the only smartwatch vendor to pass 300,000 units during the third quarter of this year, ZDnet.com added. Trailing behind Apple is smartwatch-maker Pebble, with 200,000 units. These results show that the Apple Watch is the most popular wearable in the market. Going forward, investors will be paying close attention to how the the product will do this holiday season, ZDnet.com noted. According to the research, no other smartwatch brand, counting Samsung, has sold more than 300,000 devices in one quarter. Pebble Time Steel, which launched in July, had 200,000 shipments in its first quarter. “All eyes will be on Apple Watch sales during the Q4 holiday quarter as a barometer of the strength of the nascent smartwatch market,” the report said. In addition to Samsung, Apple will see new competition in the smartwatch market from Fossil and Tag Heuer. Fitness bands will also cut into sales. Xiaomi’s M Band surpassed 10 million shipments during the third quarter.Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, education, and enterprise and government customers in the Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers.
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