Apple Inc. (NASDAQ: AAPL)

Apple Inc. News Update:

The mean estimate for the short-term price target for Apple Inc. (NASDAQ: AAPL), stands at $148.64 according to 42 Analysts. The higher price target estimate for the stock has been calculated at $200.00 while the lower price target estimate is at $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.

Short interest in Apple Inc. (NASDAQ: AAPL) fell 5% in the two-week reporting period ended November 13. Some 70.93 million Apple shares were short, about 1.3% of the company’s float. Days to cover is two at average daily volume of about 52 million shares traded, according to 247wallst

Apple Inc. (NASDAQ: AAPL) is the eighth most shorted stock on the Nasdaq and in the two weeks leading up to November 13, the shares dropped about 6.8%.

Watson estimated iPhone sales will rise 3% year-over-year for the holiday quarter to 76.5 million units and Watch sales will rise to 6 million units. Whether IBM’s software is better at predicting Apple sales than analysts checking the supply chain remains to be seen.

Year to date Apple’s stock is up about 7.7%, a nice recovery since mid-August when the shares were down about 6.5%. Over the past 12 months shares are up just 2%. 247wallst Report

Apple’s first keyboard for an iPad and the new Pencil was backordered when the iPad Pro was released and are now shipping to buyers, according to Zdnet

The Smart Keyboard and Apple Pencil are designed to leverage the special features of the iPad Pro. Buyers of the tablet, myself comprised, were surprised that the accessories were not available with the iPad Pro from day one. Apple Inc. (NASDAQ: AAPL) never stated why the accessories were not shipping, although rumors indicated the company was fixing technical problems with the keyboard.

After a few weeks Apple Inc. (NASDAQ: AAPL) is now shipping the Smart Keyboard to buyers. This information is based on the shipping notice I received yesterday from Apple, and statements from other buyers. The estimated delivery date is the Monday after Thanksgiving. I am anxious to try Apple’s keyboard to see how it compares to the Logi CREATE Keyboard Case I reviewed and found to be a good mate for the iPad Pro. Zdnet Report

Shares of Apple Inc (NASDAQ:AAPL), declined - 0.51% and is at $118.28 in the Real-Time trading session. The firm opened its current trade at $119.21. The total volume traded for the day is 8.42M shares, as compared to its average daily volume of 44.76M shares. The stock is floating in a range of $118.11 - $119.23. The stocks hold the market capitalization of $662.43B.

Apple Inc (NASDAQ:AAPL), 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.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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