As news flow about Apple hiring from the auto industry, “the enhanced focus on EVs is good for EV penetration, and therefore, good for companies like Tesla Motors (NASDAQ:TSLA),” Stifel Nicolaus auto analyst James Albertine said in a Friday research note on Tesla.
Before Apple can even consider rolling out an iCar, it still has one main problem to fix: Apple Maps.
The organization from Cupertino, California, has struggled to catch up to Google in the mapping space. But if the iPhone maker is serious about building its own vehicle, and owning both the software and hardware side of it, then improving its maps is critical.
Apple Inc (NASDAQ:AAPL) the stock opened the session at $128.62 and was recently trading at $129.27 and the stock gained 0.66%. The company holds the market capitalization of 752.14B. The stock return on equity value is 37.40%, while return on assets value is 19.30%, in response to its return on investment value of 26.20%. Its 20-day moving average gained 7.99%, above 50-day moving average of 13.59%, but above 200-day moving average of +26.90%. The mean recommendation of analysts for this stock is 1.90.(where 1=Buy, 5=Sale).
Apple Inc (NASDAQ:AAPL) recently declared financial results for its fiscal 2015 first quarter ended December 27, 2014. The organization posted record quarterly income of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share. These results compare to income of $57.6 billion and net profit of $13.1 billion, or $2.07 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent contrast to 37.9 percent in the year-ago quarter. International sales accounted for 65 percent of the quarter’s income.
The results were fueled by all-time record income from iPhone® and Mac® sales in addition to record performance of the App Store℠. iPhone unit sales of 74.5 million also set a new record.
Apple is providing the following guidance for its fiscal 2015 second quarter:
- Income between $52 billion and $55 billion
- Gross margin between 38.5 percent and 39.5 percent
- operating expenses between $5.4 billion and $5.5 billion
- Other income/(expense) of $350 million
- Tax rate of 26.3 percent
Apple Inc (AAPL) designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
In the recent trading session, Tesla Motors (NASDAQ:TSLA) exchanged 5.45 million shares and the average volume remained 4.84 million shares. The stock, in the current trading session, was at $217.20, with the gain of 2.60%. Tracking the three months and 6 months trends, the stock was at -12.75% and -15.14%, respectively.
Tesla Motors (NASDAQ:TSLA) designs, develops, manufactures, and sells electric vehicles and electric vehicle power train components. The company also provides services for the development of electric power train systems and components, and sells electric vehicle power train components to other automotive manufacturers.
