Year: 2020

UBS Downgrades Apple Stock

CompuScoop Staff September 23, 2020 0

“[W]hile shares of Apple typically outperform the market in the months leading to an iPhone launch, subsequent to the launch, shares have historically underperformed the market,” Vogt wrote.

The stock is trading at 29 times his estimates for earnings per share over the next 12 months, and it trades at 1.5 standard deviations about its trailing one-year mean, he said. “We think Apple shares already reflect the growth from the ‘5G cycle,'” Vogt wrote.

Vogt raised his price target on Apple’s stock to $115 from $106 in conjunction with the downgrade.

Via: Marketwatch

Apple Store launches in India

Dan Uff September 23, 2020 0

As reported earlier this week, Apple was prepping to launch a new online store in the country of India. The below is an official statement from Apple, Inc.

The new online store provides customers with the same premium experience found in Apple store locations around the world, delivered by online team members who are ready to offer their expertise.

“We’re proud to be expanding in India and want to do all we can to support our customers and their communities,” said Deirdre O’Brien, Apple’s senior vice president of Retail + People, in a statement. “We know our users are relying on technology to stay connected, engage in learning, and tap into their creativity, and by bringing the Apple Store online to India, we are offering our customers the very best of Apple at this important time.”

The Apple Store online is the most convenient destination to shop for Apple products, with online Apple Specialists available to help with anything from custom-configuring any Mac to setting up new devices. Customers can get advice, receive guidance, and learn about new products directly from Apple, both in English and Hindi.

With financing options and an available trade-in program, the Apple Store online offers a range of affordability options. Students can shop for a Mac or iPad with special pricing, and receive discounts on accessories and AppleCare+. In October, customers can expect free online Today at Apple sessions led by local Creative Pros, focused on photography and music. Just in time for the festive season, signature gift wrap and personalized engraving will be available for select products. Engraving of emoji or text in English, Bengali, Gujarati, Hindi, Kannada, Marathi, Tamil, and Telugu will be available for AirPods, and English engraving will be available for iPad and Apple Pencil.

For the health and well-being of Apple’s teams, customers, and communities, all orders from the Apple Store online will ship with contactless delivery. Orders that do not require a signature will be left at the customer’s door, and those that do will need only a verbal confirmation from a safe distance instead of a written signature.

Apple has been operating in India for more than 20 years, and the company’s ongoing investment and innovation support almost 900,000 jobs across the country. Apple’s App Design and Development Accelerator in Bengaluru has supported thousands of local developers, and today apps created by developers in India have become even more critical to everyday life as people seek to stay engaged and connected from home.

As COVID-19 presents immense challenges and uncertainties for communities across the country, Apple’s teams are supporting local organizations to provide remote learning with study guides and curricula.

Apple Fitness will require an Apple Watch, iPhone or iPad and/or an Apple TV

CompuScoop Staff September 23, 2020 1

Apple’s forthcoming Fitness+ is the first fitness experience built for Apple Watch, and it’s coming this year. Apple Fitness+ intelligently incorporates metrics from Apple Watch for users to visualize right on their iPhone, iPad, or Apple TV, offering a first-of-its-kind personalized workout experience.

Everyone from beginners to committed exercisers can access studio-style workouts delivered by inspiring world-class trainers and underscored by motivating music from renowned artists, making it easier and more rewarding for customers to exercise whenever and wherever they like.

Apple Fitness+ requires Apple Watch Series 3 or later with watchOS 7 or later and one of the following Apple devices: iPhone 6s or later with iOS 14 or later, iPad with iPadOS 14 or later, or Apple TV with tvOS 14 or later.

The Apple Watch personalizes your Apple Fitness+ experience by integrating your personal metrics, like your heart rate and the calories you burn, into every workout. It brings them to life on the screen to keep you informed and motivated.

In-session metrics, like heart rate and calories burned, are transported from your watch to your iPhone, iPad, or Apple TV, so you don’t have to take your eyes away from your workout to see how you’re doing. It’s like your Apple Watch is on the screen.

At launch, users will fine Fitness+ in the tab located in the new Fitness app on iPhone, which will also arrive soon on iPad and Apple TV.

At launch, Apple Fitness+ will be available in Australia, Canada, Ireland, New Zealand, the UK, and the US.

Fitness+ will be available to Apple Watch customers as a subscription service before the end of 2020 for $9.99 per month or $79.99 per year. Everyone can try Fitness+ free for one month.

Customers will be able to share their Fitness+ subscription with up to five other people in their family with Family Sharing (Apple Watch Series 3 or later required).
Three months of Apple Fitness+ are included for customers who purchase Apple Watch Series 3 or later, starting September 15, 2020. This extended trial is available for a limited time.

Apple Fitness+ is included in the Apple One Premier plan, which, where available, also gives customers access to Apple Music, Apple TV+, Apple Arcade, Apple News+, and 2TB of iCloud storage for $29.95 per month, and can be shared among up to six family members.

Customers purchasing Apple Watch Series 3 or later from Best Buy will get six months of Fitness+ for free. Additionally, My Best Buy members who already own an Apple Watch Series 3 or later will get two months of Fitness+ free. For more information, visit corporate.bestbuy.com.

CVS Health will offer special access to Fitness+ for select Aetna commercial and Caremark members, CVS Pharmacy ExtraCare retail customers, and CVS Health employees, to empower people on their paths to better health. For more information, visit www.cvshealth.com.