On Friday, Apple Inc (NASDAQ:AAPL) dipped -2.57% and closed at $113.18.
Apple Music, Apple (AAPL) has an early holiday present for you, according to The Street
Apple just publicly released the latest version of iOS 9, which comprises updates to Apple Music and a new interface for Apple News.
The new update to iOS 9, Apple’s latest mobile operating system, allows users to improve their music playlists, save songs offline and browse Classical music.
Perhaps just as important as the changes to Apple Music is the update to Apple News. Apple initially declared Apple News in June at its developer conference, but the platform has had mixed reviews from publishers, some of whom have complained that Apple has not shared as much data with its partners as initially promised.
As part of the update, Apple is introducing a new Top Stories section that is updated with what Apple editors deem “the most important news of the day.” (The Top Stories update is available in the U.S., the U.K. and Australia.)
According to a report in Re/Code, Apple will also integrate Top Stories with ComScore, so that publishers will get credit for the clicks and views their content gets on the platform.
There are also improvements made to Mail Drop, so that users can send larger attachments, in addition to several performance and stability updates.
According to Apple’s developer support page, 70% of iOS users are now using iOS 9, up from 61% in October, when it publicly released iOS 9.1. An additional 22% of users are still running iOS 8, while the remaining 8% are using iOS 7 or lower. The Street Report
One of the best things about owning an Apple product is that you get free upgrades to the latest operating system for years to come.
With iOS 9.2 the app gets a much-needed overhaul. Top of that list is that you can now download tracks stored in your iCloud Music Library by tapping the iCloud download button. This effectively means that you shouldn’t have to connect your phone to iTunes to transfer songs anymore. A handy indicator (an iPhone with a tick in it), shows you if you’ve downloaded a track, so you can easily see which files are local and which ones are in the cloud.
Playlists have been given a minor tweak, too, so you can now create a new playlist while adding a song. That certainly saves a little frustration and it’s good to see this addressed.
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 worldwide. 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. The company also provides iLife, a consumer-oriented digital lifestyle software application suite; iWork, an integrated productivity suite that assists users create, present, and publish documents, presentations, and spreadsheets; and other application software, such as Final Cut Pro, Logic Pro X, and FileMaker Pro.
On Friday December 11, 2015 Technology Sector moved lower -1.96%.
Financials Update: Apple Inc (NASDAQ:AAPL)’s shares dropped -2.57%, and closed at $113.18. The stock volatility for the week is 1.80%, while for the month remained 1.86%. The company holds consensus target price of $148.64.
If we consider EPS growth of the company, then the company indicated the following observations:
The company showed 9.20 diluted EPS growth for trailing twelve months. However, YTD EPS growth remained 42.90% and Annual EPS growth for the past 5 years is considered as 33.70%.
Short-Term Price Target Review:
Looking at other metrics of the stock, we find that the mean estimate for the short-term price target for the firm stands at $148.64. The higher price target for AAPL is $200.00, while the lower price target is $85.00.
Analysts’ Mean Recommendation (1=Buy 5=Sell)
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.