Apple (AAPL) Offering Possible 38.89% Return Over the Next 30 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $335.00 short put and a strike $325.00 long put offers a potential 38.89% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $335.00 by expiration. The full premium credit of $2.80 would be kept by the premium seller. The risk of $7.20 would be incurred if the stock dropped below the $325.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Apple is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Apple is bullish.

The RSI indicator is at 69.79 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Apple

EU antitrust regulators to investigate Apple's App Store, Apple Pay
Tue, 16 Jun 2020 09:45:00 +0000
EU antitrust regulators opened on Tuesday two investigations into Apple regarding its App Store and Apple Pay, saying restrictions imposed by the iPhone maker may have breached EU competition rules. The European Commission said one probe will look into the mandatory use of Apple's own proprietary in-app purchase system and restrictions on the ability of developers to inform iPhone and iPad users of other cheaper purchasing possibilities outside of apps.

German coronavirus smartphone tracing app goes live
Tue, 16 Jun 2020 08:33:13 +0000
Germany sought to mobilize the public on Tuesday to download a new smartphone app that seeks to help break the chain of coronavirus infections, one of several such apps in Europe that governments hope will revive travel and tourism. The new Covid-Warn-App, which became available for download for Apple and Android phones overnight, uses Bluetooth short-range radio to monitor close contacts between people and issue a warning should one of them test positive. Germany follows European countries like Italy, Poland and Switzerland in launching an app based on technology from Apple and Alphabet's Google that protects privacy by storing Bluetooth logs securely on devices.

Bahrain, Kuwait Virus Apps Endanger Privacy, Amnesty Says
Tue, 16 Jun 2020 07:37:57 +0000
(Bloomberg) — Contact-tracing apps rolled out by Bahrain, Kuwait and Norway to track the spread of the coronavirus have endangered the privacy and security of hundreds of thousands of people by marking users’ locations in real time, human rights group Amnesty International said.Bahrain’s “BeAware Bahrain”, Kuwait’s “Shlonik” and Norway’s “Smittestopp” apps stood out as some of “the most alarming mass surveillance tools” in an analysis of 11 apps across Europe, the Middle East and Africa, the group said. The survey was carried out by Amnesty’s Security Lab, which conducts technical investigations into cyber-attacks against civil society.The three apps frequently capture users’ GPS location data and upload it to a central government database, effectively tracking users’ movements as they happen, Amnesty said. The location information can be easily linked to an individual given that users are required to sign up to the app with a national ID number in Bahrain and Kuwait and with a valid phone number in Norway.“Bahrain, Kuwait and Norway are running roughshod over people’s privacy, with highly invasive surveillance tools which go far beyond what is justified in efforts to tackle Covid-19,” said Claudio Guarnieri, head of Amnesty International’s Security Lab. “These governments must immediately halt the use of such intrusive apps in their current form.”Representatives for Bahrain and Kuwait didn’t immediately comment late Monday. Amnesty said it notified authorities in the three countries of its findings ahead of publication of the report.“Downloading the app is completely voluntary. Many people download apps that store sensitive information centrally and that’s used for commercial purposes,” Norway’s Health Minister Bent Hoie said in an email. “‘Smittestopp’ is an app that’s used and owned by society to fight a pandemic.”Hoie had responded to Amnesty in a letter dated June 12 defending the app, which he said followed the European General Data Protection Regulation as well as local privacy-protection rules and was crucial in fighting the spread of Covid-19 and preventing a longer lockdown.Still, the Norwegian Institute of Public Health on Monday had already halted the use of its mobile phone tool and deleted all the data it had collected after the country’s data protection authority warned it would temporarily ban the processing of personal information associated with the app.The Norwegian watchdog also questioned how useful the app is given its low usage and also warned that pairing Bluetooth technology for contact detection with location data for analysis went too far.Hoie said in the letter that the public health authorities were investigating some of the issues that Amnesty had brought up and had reduced the amount of time data would be stored to 10 days from 30.Amnesty said both the Bahraini and Kuwaiti apps can pair with a Bluetooth bracelet used to enforce quarantine measures by ensuring the user remains near their phone. The Kuwait app regularly checks the distance between the bracelet and the device, uploading location data every 10 minutes to a central server, the group said. In Bahrain, users registered for home quarantine who don’t wear the bracelet face fines or imprisonment, it added.Governments around the world have developed mobile apps to trace possible infections of the coronavirus, alerting users when they may have been near someone infectious. Authorities say the tools can help track and contain any resurgent outbreaks of the virus.But since their inception, contact-tracing apps have raised concerns about their potential to infringe on people’s rights to privacy by collecting sensitive data about location, health and information about who people interact with.Read more: Coronavirus Newsletter: Protecting Privacy in a PandemicAmnesty said it chose not to analyze apps that are based on a decentralized system, which is supported by a joint tool developed by Apple Inc. and Alphabet Inc.’s Google. It said such apps, which store data on people’s phones instead of on government servers, tend to be less concerning from a privacy perspective.(Adds Norway’s response to Amnesty International starting in the sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Apple’s App Ecosystem Generated Over Half A Trillion Dollars In 2019
Tue, 16 Jun 2020 06:01:37 +0000
Apple (AAPL) has revealed that its App Store ecosystem generated $519 billion in billings and sales globally in 2019. Independent economists at Analysis Group found that the highest value categories were mobile commerce apps, digital goods and services apps, and in-app advertising.And as Apple only receives a commission from the billings associated with digital goods and services, more than 85% of the $519 billion goes to third-party developers and businesses. Indeed, the study reveals that the direct payments made to developers from Apple are only a fraction of the vast total when sales from other sources, such as physical goods and services, are calculated.“In a challenging and unsettled time, the App Store provides enduring opportunities for entrepreneurship, health and well-being, education, and job creation, helping people adapt quickly to a changing world,” said Tim Cook, Apple’s CEO.Notably, sales from physical goods and services accounted for the largest share of the total at $413 billion. Within this group, retail was the largest money-maker at $268 billion- which includes digital brick-and-mortar stores like Target and Best Buy, and virtual marketplaces such as Etsy.Travel apps, including Expedia and United, accounted for $57 billion, while ride-hailing apps like Uber and Lyft, comprised $40 billion in sales. Food delivery apps, including DoorDash and Grubhub, made up $31 billion.Billings and sales from digital goods and services comprised $61 billion, with games the largest money-maker within this category. Notable games of 2019 included “Mario Kart Tour”, and “Sky: Children of the Light” from indie developer thatgamecompany. In-app advertising sales accounted for $45 billion, and of that, 44% was derived from games.Shares in Apple have surged 17% year-to-date, and analysts have a bullish Strong Buy consensus on the stock’s outlook. This breaks down into 28 recent buy ratings, vs 4 hold ratings and 1 sell rating. However the average analyst price target of $331 indicates 3% downside potential from current levels. (See Apple stock analysis on TipRanks).Related News: Walmart Partners With Shopify To Expand Its E-Commerce Marketplace 3M Reveals May Sales Slipped 20% To $2.2B RBC Slashes Cineplex Outlook As Major C$2.8B Deal Terminated More recent articles from Smarter Analyst: * Honeywell Forms Unmanned Aerial Systems Unit For Drones Market * Jazz Pharma Scores Surprise Early Approval For Lung Cancer Treatment * Chesapeake Energy To File For Bankruptcy, Potentially This Week- Report * Facebook’s WhatsApp Rolls Out Digital Payment Service In Brazil

Apple Consumers And Advertisers Spent More Than $500B At The App Store In 2019
Tue, 16 Jun 2020 05:31:21 +0000
Billings and sales of $519 billion were made globally on Apple Inc.'s (NASDAQ: AAPL) App Store in 2019, according to a study conducted on behalf of the company. What Happened The Analysis Group, a Boston-based economic consulting firm, studied transactions involving Apple, such as paid apps and in-app purchases, as well as the sale of advertisements in apps.According to the results of the study disclosed Monday, of total sales, physical goods and services accounted for $413 billion, digital goods and services for $61 billion, and in-App advertising — $45 billion.In the largest physical goods and services category, the vast majority of sales were dominated by mobile commerce apps, of those retail app sales stood at $268 million. Retail apps include traditional stores, such as Target Corporation (NYSE: TGT) and Best Buy Co Inc. (NYSE: BBY), as well as e-commerce stores like Etsy Inc. (NASDAQ: ETSY). Grocery sales are not included.The travel apps, including Expedia Group Inc.(NASDAQ: EXPE) and United Airlines Holdings Inc. (NASDAQ: UAL), accounted for $57 billion, while ride-hailing apps from Uber Technologies Inc. (NYSE: UBER) and Lyft Inc. (NASDAQ: LYFT) made up for $40 billion in sales. The food delivery apps of DoorDash and Grubhub Inc. (NYSE: GRUB) registered sales of $31 billion.Why It Matters Apple's cut from purchases of digital or software goods from the App Store stands between 15% and 30%.The tech giant had previously revealed that 84% of the apps on its store did not share any revenue with the company. Such apps include free apps, ad-supported free apps and subscription-based apps.Price Action Apple shares traded 0.82% higher at $345.79 in the after-hours session on Monday. The shares had closed the regular session 1.24% higher at $342.99. See more from Benzinga * Google Maps To Offer Relevant Local COVID-19 Information For Public Transport, Driving And Testing Centers * Apple Cuts iPhone Prices in China To Push Sales As Country Reopens Economy * Apple Pays Hacker From India 0,000 For Discovering Serious ‘Sign In With Apple' Vulnerability(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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