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Apple to Reach $1 Trillion Market Cap Within 12–18 Months
According to the latest research note from an RBC Capital Markets analyst Amit Daryanani, Apple’s market cap may reach one trillion dollars within next 12 to 18 months. The main reasons for the rise of Apple’s market valuation are anticipation for the rumored OLED iPhone 8 and growth in the Services category driven by Apple Music, Apple Pay and other services the company provides to its customers.
Leave a commentCheck Out New iPhone 8 Mockup [Images]
BRG reporters have recently shared several images of what appears to be an iPhone 8 mockup based on the information from “independent reports”. Below you can take a look at several images showing the mockup.
Apple Will Discontinue iPad mini Soon – Rumor
According to the latest report from BGR, Apple will discontinue the 7.9-inch iPad mini in the near future. Nowadays, customers often choose larger 5.5-inch iPhones, and with the release of the 5.8-inch OLED iPhone 8 this trend will become even stronger. From this point of view, it is smart to stop producing the smaller tablets that lacks many features of the larger iPhone version.
Check Out Early First-Gen iPad Prototype [Images]
A well-known insider Sonny Dickson has posted an image of what appears to be an early first-generation iPad prototype. According to the leaker, the prototype dates back three months before the release of the original iPad and is fully functional. Below you can take a look at some images showing this device.
Top 10 Stories of the Week
It is Sunday today, so let’s take a look at the most interesting posts of the last couple of days.
Most of the articles this week deal with the OLED iPhone 8 and its possible release date, price, and specs. There are also some articles that tell about Apple’s market cap, iPhone 7 sales, and the 10.5-inch iPad Pro with thinner display bezels.
iPhone 7 Was the Best Selling smartphone in Q1 2017
According to the latest report from Strategy Analytics, the iPhone 7 was the best selling smartphone in the first quarter of 2017 and the iPhone 7 Plus was the second one.
Apple shipped 21.5 million units of the 4.7-inch model and 17.4 million units of the 5.5-inch device. This allowed Apple to take 11% of market. The third best selling smartphone was OPPO R9s, which is being heavily promoted in Asia and India. The fourth and the fifth places in the Strategy Analytics are occupied by Samsung’s Galaxy J3 and galaxy J5.
Apple’s Market Cap Reaches $800 Billion
Apple’s market cap has reached a new record high of more than $800 billion. The shares of the Cupertino-based giant grew to $153.7 allowing the analysts to raise price targets for Apple’s stock.
iPhone 8 Won’t be Delayed – Report
According to the latest report from a Chinese newspaper Economic Daily News, the production of the iPhone 8 will start in time for September announcement. The sales of the new handset will reportedly start in October.
Top 10 Stories of the Week
It is Sunday today, so it's time to take a look at the most interesting articles of the last couple of days. Let's not waste time and discuss the posts worth your attention straight away.
Most of the articles this week deal with the iPhone and Mac, as well as with the sales of these devices and Apple's financial results in the second fiscal quarter of 2017.
2016 MacBook Pro Helped Apple Set New Mac Sales Record
Apple CEO Tim Cook has revealed that strong demand for the 2016 MacBook Pro units has helped the company to set a new Mac sales record. During the last fiscal quarter, Apple sold 4.2 million Mac units, which is 4% more than in the year-ago quarter. The revenue generated by Mac sales accounted for $5.8 billion. That’s 14% more than in the second fiscal quarter of 2016.
Apple Is Still Top Tablet Vendor – Analysts
Even though the iPad sales are declining, Apple is still the top tablet vendor, reports TrendForce. 8.3 million iPads sold in the first calendar quarter of 2017 allowed the Cupertino-based tech to remain the leader of the top-five tablet vendors list. Other members of the ranking include Samsung, Huawei, Lenovo, and Amazon.
Apple Announced Financial Results in Q2 2017
Apple has announced the financial results in the second fiscal quarter of 2017. The quarterly revenue is equal to $52.9 billion, which is less than $50.6 billion in the year-ago quarter. International sales made up 65% of revenue.
PC Market Grows and Mac Shipments Go Up 4.1% in Q1 2017
According to the latest report from a research firm IDC, global PC shipments grew in the first quarter of 2017 for the first time in 5 years. The 0.6% growth is an indication that people still use computers and that computer manufacturers still have something to offer. Apple’s Mac shipments grew 4.1% to 4.2 million units compared to the first quarter of 2016 and allowed the Cupertino company to get the fourth spot in the top computer vendors ranking.
Samsung Unveiled Galaxy S8 and Galaxy S8 Plus
Yesterday, Samsung unveiled new iPhone rivals, the Galaxy S8 and Galaxy S8 Plus. Both handsets feature curved OLED displays and lack physical buttons on front panels. New flagship devices come in two sizes – the smaller model has a 5.8-inch display, and the larger version features a 6.2-inch screen.
Apple Starts Selling Red iPhones, New iPad, and Updated iPhone SE
Today, Apple has started selling the (PRODUCT)RED iPhone 7 and iPhone 7 Plus, new 9.7-inch iPad as well as the 32GB and 128GB iPhone SE in a number of countries worldwide. The devices are now available via Apple’s official website, but the shipping estimates vary from several days to weeks, depending on the device, its configuration, and customer’s location. New gadgets can be purchased at physical retail stores too.
