Apple AirPods Will Aid Your Hearing. Apple Watch Will Catch Sleep Apnea.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2024
0mins
Source: Barron's
Apple's Healthcare Innovations: Apple is expanding its healthcare capabilities by introducing hearing aid features in AirPods and sleep apnea detection in the Apple Watch, pending regulatory approval. These advancements aim to provide affordable health solutions for millions suffering from untreated conditions.
Market Impact: The introduction of these features could disrupt the hearing aid market, potentially reducing demand for traditional devices due to the free software upgrades on AirPods, while also creating new customer opportunities for sleep apnea treatment companies like ResMed and Inspire Medical Systems.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy AAPL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AAPL is 299.69 USD with a low forecast of 230.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
32 Analyst Rating
19 Buy
11 Hold
2 Sell
Moderate Buy
Current: 258.280
Low
230.00
Averages
299.69
High
350.00
Current: 258.280
Low
230.00
Averages
299.69
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS, visionOS, and tvOS. Its services include advertising, AppleCare, cloud services, digital content and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Apple Acquires Israeli AI Startup Q.ai
- Acquisition Announcement: On January 29, Apple announced its acquisition of Israeli startup Q.ai, which marks a significant step in Apple's AI strategy, although the financial terms remain undisclosed, indicating a push for advancements in audio technology.
- Team Integration: The founding team of Q.ai, including CEO Aviad Maizels, will join Apple; Maizels previously founded PrimeSense, acquired by Apple in 2013, highlighting Apple's commitment to attracting AI talent.
- Technology Applications: Q.ai focuses on innovative machine learning applications aimed at helping devices understand whispered speech and enhance audio in challenging environments, which is expected to enhance the functionality of products like AirPods, improving user experience.
- Strategic Outlook: Apple executive Johny Srouji praised Q.ai as a pioneering company, and this acquisition is anticipated to not only drive innovation in audio technology but also potentially provide new directions for future product development.
Continue Reading
Apple Reports Record Quarter with Surge in iPhone Sales
- Strong Performance: Apple achieved record sales in the holiday quarter, with revenue increasing 16% to $143.8 billion and iPhone sales soaring 23% to $85.3 billion, demonstrating robust execution across all business segments.
- Memory Chip Supply Crunch: Due to soaring demand for AI applications, memory chips are facing supply constraints; CEO Tim Cook noted in the earnings call that while first-quarter impacts were minimal, second-quarter gross margins will face greater pressure, with memory prices expected to rise.
- Micron's Advantage: As a key memory chip supplier for Apple, Micron has posted impressive results in recent quarters, benefiting from increased demand for high-bandwidth memory chips, with revenue expected to double in 2023 and continued AI tailwinds projected through 2028.
- Optimistic Investment Outlook: Despite the cyclical nature of the memory sector, AI's influence may rewrite the rules; Micron's earnings per share guidance is nearly double analysts' projections, and with a low price-to-earnings ratio of 13, the stock has significant upside potential.
Continue Reading