Apple Inc. (AAPL) News: Fingerprint Sensor, Billionaire Moves In & More

Editor’s Note: Related tickers: Apple Inc. (NASDAQ:AAPL)

Should this Concern Apple Inc. (AAPL) and Google Inc (GOOG)?IPhone Fingerprint Reader Talk Boosting Biometric Stocks (Bloomberg)
As the technology world buzzes with speculation that the next iPhone will have a fingerprint reader, makers of biometric security devices are bracing for a race among smartphone makers to adopt the technology. Apple Inc. (NASDAQ:AAPL) will unveil a new iPhone next month, according to a person familiar with the plans. ABI Research and KGI Securities Co. are among the industry watchers that say the device will include a fingerprint reader, a prediction bolstered by Apple Inc. (NASDAQ:AAPL)’s $350 million purchase of fingerprint- sensor maker AuthenTec Inc. last year.

Bigger buybacks can drive Apple shares to $700: Icahn (Reuters)
Activist investor Carl Icahn said he has amassed a “large position” in Apple Inc. (NASDAQ:AAPL) and believes the stock could be worth as much as $700 a share if Chief Executive Tim Cook pushed for a larger stock buyback. The surprise revelation from the billionaire activist caused a stir on Wall Street and pushed Apple Inc. (NASDAQ:AAPL)’s stock almost 5 percent higher to close at a 7-month high of $489.57 on the Nasdaq on Tuesday. Icahn said on Twitter that he had a “nice conversation” with Cook on Tuesday and they planned to speak again soon. Apple Inc. (NASDAQ:AAPL) confirmed the conversation took place, but did not say if it influenced management’s view of buybacks.

Apple said to plan iPhones, ipads timed for holiday sales (TheReporter)
Apple Inc. (NASDAQ:AAPL) plans to introduce new versions of the iPhone and iPad in time for the holiday shopping season, seeking to entice shoppers who delayed purchases amid a dearth of new models so far this year. The new iPhone will be unveiled at a Sept. 10 event, according to a person with knowledge of the plans who asked not to be named because the timing isn’t public. Updated iPad models, including an iPad with a thinner body design and an iPad mini with a high-resolution screen will be unveiled later, two people said. Software for the devices, as well as for Mac computers, will also be revamped, Apple Inc. (NASDAQ:AAPL) said in June.

AAPL breaks above 200-day moving average (CNBC)

Foxconn Enjoys 41 Percent Profit Increase Thanks To Apple’s iPhone (AppAdvice)
During the second fiscal quarter of 2013, Foxconn reportedly saw an increase in profit of 41 percent due to strong sales of Apple Inc. (NASDAQ:AAPL)’s iPhone handset. While predictions for Q2 2013 iPhone sales were between 25-27 million, sales figures of 30 million meant that the China-based manufacturer smashed its own targets, too, exceeding its anticipated net profit by an impressive 0.66 billion New Taiwan Dollars (or U.S. $22 million). As such, while Apple Inc. (NASDAQ:AAPL) reported second quarter earnings of $6.9 billion, Foxconn enjoyed N.T. $16.98 billion in profit (U.S. $566.7 million) for the three-month period, which ended on March 30, 2013. It’s worth noting, however, that analysts had predicted Q2 2013 earnings for Foxconn to be closer to N.T. $16.32 billion (U.S. $544.2 million).

American components in Apple’s iPhone supply chain graphically detailed (AppleInsider)
Alex Hillsberg of Finances Online produced an infographic outlining the source of Apple Inc. (NASDAQ:AAPL)’s iPhone components, right down to the rare earth metals involved in manufacturing high tech parts from its display and speakers to its silicon and vibration motor. “Most rare earth metals come from China,” the report states, noting that 90 percent are mined in Inner Mongolia and China. The graphic also presents Apple Inc. (NASDAQ:AAPL)’s global workforce and depicts why Apple Inc. (NASDAQ:AAPL) assembles most of its devices in China, emphasizing “fast, not cheep labor,” as depicted in an excerpt of the infographic, above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!