Earlier this year, Ming-Chi Kuo wrote in his note that the iPhone XS successor will come with a 20 percent bigger battery.
JP Morgan analyst Samik Chatterjee also said that Apple is going for a "much more "value" category than it has been used to with its recent launches". And quite a few investors are listening, as the the stock is now down over 2% just today, and the price is below where it was 3 months ago.More news: Confetti and chants of ‘equal pay’ greet US World Cup winners
Shares of Apple stock opened at $200.02 on Monday. Local manufacturing seems to be the only way for Apple to make the iPhone more pocket-friendly in a country known for price sensitivity.
In other Apple news, Director Arthur D. Levinson sold 35,000 shares of the company's stock in a transaction that occurred on Friday, May 3rd.
Apple has suddenly become one of the most polarizing stocks on Wall Street. The company had revenue of $58.02 billion for the quarter, compared to analysts' expectations of $57.40 billion. Finally, Loop Capital raised their target price on shares of Apple to $190.00 and gave the stock a "hold" rating in a report on Wednesday, May 1st. The core iPhone business continues to struggle, and Zhang goes as far as to call last year's iPhone XS "one of the worst selling iPhone models in the history of Apple". Instead, the second half of 2020 will witness strong iPhone upgrades due to the introduction of 5G iPhones and other innovative features. All three iPhones are expected to get upgrades on camera and battery front.More news: Ford recalling roughly 400 Focus cars in Canada over engine fault
Such a design change was mostly required because Apple wants to fit the new iPhones with a larger square camera bump on the back, so the company needs more space inside the device. The iPhone maker reported $2.46 EPS for the quarter, topping the Zacks' consensus estimate of $2.37 by $0.09. The dimensions and color options are expected to remain the same as the current generation.
As well as three new high-end phones, the successors to the iPhone XS, XS Max, and XR, Apple is expected to launch a low-priced smartphone to appease price-conscious consumers - something the company has been rumored to do for a number of years. Beginning with the 2020 lineup, all iPhones will use OLED screens. If users wanted to take advantage of fast charging, they were forced to separately buy a fast charger and a USB-C to Lightning cable.More news: Eavesdropping Bug Forces Apple to Disable Walkie-Talkie App
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