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Apple placing bets on LG's display for an upcoming foldable smartphone

Apple placing bets on LG's display for an upcoming foldable smartphone

The stock has an average rating of Buy and a consensus price target of $157.06. Equities research analysts forecast that Apple Inc. will post $9.01 EPS for the current year. Following the transaction, the senior vice president now owns 76,250 shares of the company's stock, valued at approximately $12,367,750. Drexel Hamilton reaffirmed a "buy" rating and issued a $202.00 price objective on shares of Apple in a research report on Tuesday, June 13th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. We'll just call them the "2018 iPhones" for now. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. Welch Investments LLC purchased a new position in shares of Apple during the fourth quarter valued at about $146,000. State of Alaska Department of Revenue purchased a new stake in shares of Apple during the second quarter valued at about $149,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Cordasco Financial Network lifted its position in shares of Apple by 1.5% in the 2nd quarter.

In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $153.88, for a total value of $5,385,800.00.

Specifically, Apple is supposedly looking into an advanced type of LCD display called 'Full Active LCD', made by Japan Display. The disclosure for this sale can be found here. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker's stock valued at $1,671,972,000 after acquiring an additional 140,368 shares in the last quarter. In the last quarter, insiders have sold 541,177 shares of company stock valued at $85,864,804. Finally, Bank of America Corporation reissued a "buy" rating and set a $180.00 price objective on shares of Apple in a research report on Tuesday, September 26th. Corporate insiders own 0.08% of the company's stock. Nine analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company.

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.

Also, since many iPhone buyers are repeat buyers, after buying their first iPhones with 12W power adapters, those customers would eventually find themselves with a bunch of expensive power adapters that they don't really have any use for.