Latest News Update – Apple Inc. (NASDAQ:AAPL)

In Friday trading session, Apple Inc. (NASDAQ:AAPL)’s shares saw a move of -0.20% to close at $140.64 with trading volume of 22.4 million shares. After a look at recent stock performance, shares have traded +2.53% off of the 50-day moving average and +17.01% off the 200-day moving average.

Shares of Apple Inc. (NASDAQ:AAPL) have been recorded at -1.51% separated from the 52-week high of $142.80 and +57.19% away from the 52-week low of $89.47. Monitoring the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

Wall Street analysts have a consensus target price of $144.48 on the stock. Target Price predictions might differ vastly from analyst to analyst. This target is applying estimates from analysts polled at Thomson Reuters.

Wall Street analysts have the ability to use multiple metrics to assist in calculating target price estimates. A common metric is a company’s P/E Ratio. This calculation is derived by dividing the current share price by the projected earnings per share. Apple Inc. presently has a P/E Ratio of 16.88.

Investors may also track a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. A PEG Ratio near one might be seen as fair value. If a company has a PEG Ratio above one, it may represent that the company is overvalued. A PEG Ratio under one may indicate that the company is undervalued. (NASDAQ:AAPL) has a current PEG Ratio of 1.69.

News Update:

A Chinese court has ruled in favor of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported.

Last May, a Beijing patent regulator ordered Apple’s Chinese subsidiary and a local retailer Zoomflight to stop selling the iPhones after Shenzhen Baili Marketing Services lodged a complaint, claiming that the patent for the design of its mobile phone 100c was being infringed by the iPhone sales.

Apple and Zoomflight took the Beijing Intellectual Property Office’s ban to court.

The Beijing Intellectual Property Court on Friday revoked the ban, saying Apple and Zoomflight did not violate Shenzhen Baili’s design patent for 100c phones.

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