Apple Inc. (NASDAQ:AAPL) Fake batteries cause problems
Fake replica batteries that look authentic are a growing problem not only for Apple, but for many electronics companies, said Nadim Maluf, CEO of Qnovo, which makes software that monitors the health and flow of power inside batteries for devices including Android phones.
“In China, people are amazingly good when a new model is launched by Apple or Samsung or LG, taking the battery out, taking the dimensions, and making a replica,” he continued. “What’s inside, is who knows, usually made by 2nd and 3rd and 4th tier manufacturers.”
People buy fake batteries online, or repair shops buy them from unauthorized sources. These batteries can have chemistry issues which make them swell up, eventually leading to a fire, Maluf said.
“All that feeds into a safety hazard, and that damages the reputation of the OEM,” Maluf said. Hypothetically, in a public situation, “Apple will take the hit for it even though the battery came from an unknown source.”
In the last year, Apple introduced a feature in the iPhone settings app that warns users that the device can’t verify that it’s an “genuine Apple battery” and removes other battery health statistics such as its maximum capacity. Maluf expects other device companies to follow.
Apple has also fought counterfeit batteries in the legal system and on online retailers, but it does not sell authentic batteries directly to users. Apple recommends that users lean on its network of authorized repair shops to get any battery replacement work done. Apple said that in addition to its network of stores, there are 1,800 authorized dealers in the United States that have access to authentic Apple parts and batteries.
Owners of the recalled MacBook Pro laptops can bring them into Apple or certain authorized service centers for a free repair, Apple said on its website.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 216.71.
The projected lower bound is: 197.14.
The projected closing price is: 206.93.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 34.7447. This is not an overbought or oversold reading. The last signal was a buy 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 53.85. 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 buy 52 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 33. This is not a topping or bottoming area. The last signal was a buy 6 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 buy 0 period(s) ago.
Rex Takasugi – TD Profile
APPLE INC closed up 4.760 at 206.500. Volume was 4% above average (neutral) and Bollinger Bands were 14% narrower than normal.
Open High Low Close Volume___
204.280 207.160 203.840 206.500 28,813,624
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 201.42 201.60 185.69
Volatility: 51 31 40
Volume: 33,647,752 25,937,394 32,764,934
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 11.2% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. 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 10 periods.