Apple reportedly partnering with LG for folding iPhone

Apple reportedly partnering with LG for folding iPhone

Moon Capital Management LLC lifted its stake in Apple Inc.

Apple has reportedly started working on a foldable iPhone with LG Display, not Samsung Display - the sole OLED supplier - possibly due to concerns over tech leaks to its archrival Samsung Electronics. Apple makes up approximately 2.6% of Somerset Trust Co's portfolio, making the stock its 3rd biggest position.

As always, take these (and all) rumors with a grain of salt. TrimTabs Asset Management LLC raised its position in shares of Apple by 88.3% in the first quarter. Finally, Odey Holdings AG raised its position in shares of Apple by 27.3% in the fourth quarter. Clearbridge Investments LLC now owns 6,815,812 shares of the iPhone maker's stock valued at $979,160,000 after acquiring an additional 82,453 shares in the last quarter. The institutional investor owned 33,133 shares of the iPhone maker's stock after selling 1,177 shares during the quarter. The stock had a trading volume of 9,508,321 shares. The company's 50 day moving average price is $157.91 and its 200-day moving average price is $151.39. The firm has a market capitalization of $801.12 billion, a P/E ratio of 18.0260 and a beta of 1.26.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, August 1st.

Samsung built the OLED display for the iPhone X, which was one of the most leaked components in the history of the iPhone. The business had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. Apple's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 EPS. Analysts anticipate that Apple will post $8.94 earnings per share for the current fiscal year.

In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the company's stock in a transaction on Monday, August 28th. The stock was sold at an average price of $147.98, for a total transaction of $11,098,500.00. Nine equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. Also, SVP Johny Srouji sold 10,469 shares of the company's stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 541,177 shares of company stock valued at $85,864,804. Corporate insiders own 0.08% of the company's stock. Goldman Sachs Group, Inc.

Longbow Research reaffirmed their buy rating on shares of Apple Inc. The stock has an average rating of "Buy" and an average target price of $189.40. The ex-dividend date of this dividend was Thursday, May 11th.

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Because how amazing it could be if one is reminded by a watch of a medication time and is also warned when the body functionality is disrupted (low blood pressure, low blood sugar etc.) before the situation gets serious.