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Apple to be worth at least $824 billion in 2017 Benefiting from its expensive ‘plus’ models Rising demands of its products: Analysts

Customers and employees are shown through Apple's Australian flagship store in Sydney, September 7, 2016. REUTERS/Jason Reed

New York, April 18, 2017: Benefiting from its expensive ‘plus’ models and rising demands of its products, Apple Inc will be worth at least $824 billion this year, analysts have predicted.

Apple’s shares already soared more than 16 percent to fresh highs during the second quarter but analysts are optimistic the stock has much more room to grow, MarketWatch reported on Monday.

Canada-based global investment bank RBC Capital Markets on Monday lifted its 12-month price target to $157 from $155 and reiterated an outperform rating.

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That would increase Apple’s market capitalization to $824 billion from $740 billion currently. Apple’s stock hit a record high of $144.77 on April 4, the report said.

RBC analyst Amit Daryanani also increased his March-quarter iPhone estimates and fiscal 2017 revenue estimates, saying trends indicate consumer preference for Apple’s more expensive plus models, which have contributed positively to average selling prices.

While the company’s third-quarter outlook “could come modestly below estimates” as consumers delay planned upgrades ahead of the iPhone 8 launch in September, its large installed base and attractive valuation make it worthy of investment despite muted expectations.

Analyst at Pacific Crest Andy Hargreaves suggested that Apple is struggling with the optical fingerprint functionality expected on the OLED iPhone, which could lead to delays or the removal of it.

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“While this creates some risk of production delays, at this point we do not believe it materially threatens volume through the coming iPhone cycle,” Hargreaves was quoted as saying.

According to a report in USA Today, Apple co-founder Steve Wozniak believed that Apple, Google and Facebook will be bigger in 2075 and dominate the world.

Shares of Apple inched 0.6 per cent higher to $141.12 on Monday. The company will announce its earnings for the second fiscal quarter (first calendar quarter) of 2017 on May 2.

Apple had $246.1 billion cash at the end of its last fiscal quarter. (IANS)

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Apple’s ‘Families’ to help curb kids’ screen addiction

Not only Apple, Facebook, which has over two billion users, is also making drastic changes to its News Feed that will allow users to see more updates from family and friends

Apple logo. Pixabay
  • Apple has introduced new ‘Families’ page to this website
  • The aim is to curb children’s addiction to screens
  • The app will benefit the community

To help parents control their children’s screen addiction touted as a “growing public health crisis”, Apple has introduced a new page called “Families” on its website.

The page has features like “Ask To Buy” tool that lets parents approve or decline app purchases from their device. “Find My Friends” feature lets parents keep track of their kids’ locations, get alerts when they leave or arrive somewhere, and see distances and travel times to where they are.

Apple got lukewarm response for iPhone X. Pixabay
Parents can even track the activities of their children. Pixabay

Another app management feature lets users automatically block in-app purchases. It has the option to limit adult content on kids’ devices and restricts browsing to only pre-approved websites.

“We’ve also made it easy for parents to set privacy controls on their kids’ devices. We’re continually designing new features to help make sure kids use them in the ways you want,” Apple said on the new page.

Two key Apple shareholders had requested the Cupertino-based iPhone maker to take urgent steps to safeguard young users from the ill-effects of iPhone addiction.

Also Read: Facebook, Twitter Urged to Do More to Police Hate on Sites

In a letter, Jana Partners and the California State Teachers’ Retirement System told Apple to make its products safer for the younger users.

Not only Apple, Facebook, which has over two billion users, is also making drastic changes to its News Feed that will allow users to see more updates from family and friends than posts from businesses, brands, and media.

Facebook is also concentrating more towards friends and family of its users. VOA

According to its CEO Mark Zuckerberg, Facebook has got a feedback from the community that public content — posts from businesses, brands and media — is crowding out the personal moments that lead us to connect more with each other. IANS