Apple Inc. (NASDAQ:AAPL) Apple Accused Of Discrimination

Apple Inc. (NASDAQ:AAPL) Apple Accused Of Discrimination

Apple Inc. (NASDAQ:AAPL) Apple Accused Of Discrimination

Apple has been accused of discriminating against small businesses with a heavy-handed attempt to crack down on App Store spam.

US Congressman Ted Lieu has written to Apple to complain about a recent change in App Store rules which prohibits apps from being developed using ready-made templates.

Although spammers and fraudsters have turned to templates to make it quicker and easier to launch apps, the technique is also employed by smaller shops and restaurants, as well as community organisations such as sports clubs, schools and churches, who cannot afford to develop an app from scratch.

Apple quietly changed its App Store guidelines in June to say that “apps created from a commercialised template or app generation service will be rejected”. The iPhone maker has told developers it will be enforced starting on January 1, 2018, despite complaints that it could make it harder for small businesses to compete with larger chain stores in mobile commerce.

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. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 174.82.

The projected lower bound is: 163.83.

The projected closing price is: 169.33.

APPLE INC closed down -0.630 at 169.010. Volume was 0% below average (neutral) and Bollinger Bands were 32% narrower than normal.

Open            High              Low               Close             Volume
167.500        170.205        166.460        169.010        28,560,000

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period             50-period         200-period
Close:                       171.79                   164.67                153.23
Volatility:                17                          21                        21
Volume:                   29,816,658         26,139,516        26,782,952

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

APPLE INC is currently 10.3% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of AAPL.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on AAPL.O and have had this outlook for the last 1 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 39.0728. This is not an overbought or oversold reading. The last signal was a sell 6 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 48.37. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 15 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -116.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 18 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 14 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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