Apple Inc. (NASDAQ:AAPL) is set to make a strong move in the Japanese e-book market. The world’s largest company is holding talks with a number of Japanese publishers to deliver a local version of its iBookstore with their e-book catalogs. All ThingsD reported citing anonymous sources that Apple is negotiating with the publishing houses including Kodansha, Shogakukan and Kadokawa. Talks are reportedly going well, and the company anticipates signing deals soon, though not as soon as the Nikkei, which first broke news of the conversations, claims.
In other breaking news, Apple’s A6X processor, which has been used in its 4G iPad, might soon see its manufactured changed from Samsung to Taiwan Semiconductor (TSMC). Taiwan-based Commercial Times reported Apple Inc. (AAPL) has signed an agreement with TSMC to initiate trial production of its A6X processor during the starting three months, according to the AFP, which obtained a copy of the report behind a paywall. The decision whether to give TSMC the entire A6X order will be taken after the trial period.[article_detail_ad_1]
Where the Apple (AAPL) stock stands now?
The Apple stock opened lower today and is struggling to stay above trend line. On Monday, it closed at $532.17, up 22.58 points or 4.43% from previous close and at a distance of -0.47% from 20-day simple moving average. In the last trading session, the stock’s price moved -10.82% below its 200 day moving average, changing hands as low as $509.00 per share. The stock is currently trading -5.41% down its SMA 50.
The share price performance over the last 12 months
The percentage change in the price over the past fifty two weeks remained at +29.41%. The price range in the same period had a highest hit of $705.07 on Sep 21, 2012 while lowest level during that period was $409.00 on Jan 03, 2012. The 1-year target price estimate, which is the median price target, as set by analysts covering the stock is $750.00. The stock in last 12 months gained 33.34% and has advanced 32.57% since the beginning of this year.
How the market shifts persuade this stock?
This stock is more risky when compared to the shifts in the equity markets as its beta value is standing at 1.22. To measure price-variation, we found this stock’s volatility over a week period was 2.29% and for the month was 2.73%.
Need expert advice?
The analyst mean recommendation for this week has been 1.9, same as was in the last week. The price target of $270.00 was the lowest while the highest price target was set as $1,111.00, according to 48 analysts surveyed by Thomson Reuters.
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