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Added on the 01/02/2016 15:04:34 - Copyright : IDG UK
Shares of Apple could gain nearly 29% over the next 12 months. Wedbush analysts say tthe srock will rise based on demand for the new iPhone 12. On Wednesday, Wedbush upgraded its Apple 12-month price target to $160 from $150. The analysts are maintaining their "outperform" rating for the stock. Wedbrush says demand for the iPhone 12 has been the biggest since 2014's iPhone 6.
Tech giant Apple used to release new iPhones every year. And when they did, older models began to act up, leading consumers to believe they needed a new phone. That led to multiple lawsuits, and Apple has been trying to make the whole embarrassing 'Batterygate' legal saga go away for years. Now, Gizmodo reports that on Wednesday, the finish line came into view. Arizona Attorney General Mark Brnovich announced that an investigation involving 34 states is concluding with a settlement and no admission of guilt from Apple. With no admission of guilt from Apple, the proposed settlement includes a $113 million fine to be distributed amongst the states involved. Apple will also be required to provide truthful information to consumers about iPhone battery health, performance, and power management.
On Friday, Apple shares fell as much as 5.6%. The drop comes after the tech giant's fiscal fourth-quarter figures failed to meet analysts' expectations. Business Insider reports the slide saw as much as $111 billion erased from Apple's market cap. The company beat estimates for overall revenue and profit. iPhone sales were well below Apple's expectations. Apple's updated phone lineup was released roughly one month later than usual. The delay almost guaranteed sales of the new models will first materialize in its current-quarter report.
iPhones are probably not the cleanest devices. But how can they be cleaned without getting damaged? Steve John told Business Insider how to clean an iPhone without damaging it. 1. Remove your phone case. 2. Turn the phone off and disconnect any attached cables. 3. Gently moisten your lint-free cloth with water. 4. Wipe lightly at the phone, applying minimal pressure. 5. Dry the phone with another clean cloth as soon as you are done.
San Francisco (USA), Oct 13. (EFE) .- The American multinational company Apple presented its new iPhone 12 phone model on Tuesday, the first compatible with very high-speed 5G internet networks, equipped with a 6.1-inch OLED screen and available in black, white, red, green and blue.