The company unveiled all new hardware at a media event at its Cupertino, California headquarters on September 9, 2024. The new iPhone was the star of the show. A lot of new Apple Inc. models were announced, such as a number of new iPhones, a new Apple Watch and some improvements to current models, and new AirPods with new features, as well as new, upcoming Apple Intelligence features coming to iOS 18. The Apple Watch is celebrating its tenth anniversary. In honor of this anniversary, Apple has redesigned the latest addition under the Apple Watch Series 10 name. This watch is much lighter and thinner than its predecessor, the Series 9. They have the largest display ever on an Apple Watch with 30% more screen area, where the display is even larger than the Apple Watch Ultra series. This new display is OLED, has rounder edges, and is easier to see when you’re not looking at the display from the front. The new Watch line also comes with premium health features like sleep apnea detection, which detects breathing activity that stops and starts again when you’re asleep. Monitoring is done through the watch’s accelerometer. Apple has added a few new options for its AirPods. Apple has made active noise cancellation available for the first time in regular AirPods. One of the new features Apple showed off is the ability to point your iPhone’s camera at a restaurant, place of business, flyer, or other informational sign and ask the virtual assistant Siri to tell you more about it, show you a photo, menu, hours, links to reservations, etc.
Apple Inc (AAPL-NASDAQ) is also currently developing a revolutionary technology, personal robots for use in the home. Ultimately, services such as the App Store, TV+, and Apple One bundles depend on the iPhone and other devices. Therefore, it’s imperative that the company stays at the forefront of hardware innovation and keeps up with the competition in artificial intelligence, and the new personal robotics industry will be a big help. Apple Inc.’s business remains heavily dependent on iPhones, which account for more than half of its revenue. Apple Inc (AAPL-NASDAQ) pays regular attractive quarterly dividends to its shareholders. The dividend yield is currently 0.45% p.a. The current dividend amount has been approved by the company’s shareholders’ meeting at $0.25 per share. The average target price has been set by tipranks.com analysts at $249.48 per share for the short to medium term investment horizon.
Graph Source : www.tipranks.com
