The stock price of Apple Inc (AAPL) has gone up by over 1% today till the late morning trading session. This rise came after the stock fell by over 2% a few days back. The fluctuation could the result of Apple’s new iPhone 7 and its market performances.
The California based company is an American multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services. Its hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, and the Apple TV digital media player. Apple’s consumer software includes the OS X and iOS operating systems, the iTunes media player, the Safari web browser, and the iLife and iWork creativity and productivity suites. Its online services include the iTunes Store, the iOS App Store and Mac App Store, and iCloud.
Some people are experiencing unusually bad sound quality from the iPhone 7 and 7 Plus when taking phone calls, according to many user complains on the forums. One poster on Apple’s forums said that phone audio sounded “distant,” as if it were coming from behind the device. The complaint was echoed by several other people, most of them — including the original poster — being iPhone 7 Plus owners. Regular audio appears to be immune. Lowering volume may mitigate the problem, but Apple doesn’t yet have a permanent fix, and in fact a company community specialist simply pointed to a general troubleshooting guide for missing or distorted sound. It’s also uncertain what the root cause might be, whether hardware or software.
Meanwhile, according to many credible sources, it is said that Apple has approached McLaren Technology Group, the British super car engineer and Formula One team owner, about a potential acquisition and is hence (surprisingly) looking to enter and change the automobile industry.
McLaren insists there is absolutely no truth to the report, which says Apple might buy the automaker for nearly $2 billion, or make a strategic investment in the company. Apple, declined to comment on the report at all. It has never even confirmed the widely held belief that it wants to build an autonomous electric car. For Apple, the upside of this rumored deal is clear; buy McLaren, and tap its deep talent pool to develop a new kind of car powered by Apple software. In exchange, maybe Tim Cook can help McLaren with its infernal infotainment system.
Our analysts have given a “HOLD” rating to Apple’s stock. Despite the fluctuation, today’s rise indicated a better response from the market towards the iPhone and other things as well. Our analysts have also said that buying this share at this stage could prove very risky and hence advice against it. In the light of Apple’s current events, selling these shares might actually be a smart choice.