Apple Inc. (NASDAQ:AAPL) Builds First Data Centre In China

Apple Inc. (NASDAQ:AAPL) Builds First Data Centre In China

Apple Inc. (NASDAQ:AAPL) Builds First Data Centre In China

Apple’s (AAPL) next iPhone could be delayed or released with major features disabled due to a number of software bugs that have sent the team responsible for building the device into a “sense of panic.”

According to Fast Company, which cited a source familiar with the matter, one of these software issues is linked to wireless charging. Apple’s latest flagship model, which is expected to cost over a grand, is believed to have been designed to enable users to charge batteries without having to plug in their phones.

However, the separate charging device the phone will sit on is reportedly still not ready, even though the wireless charging components, provided by chipmaker Broadcom (AVGO), are said to be fully functional.

Personal online information belonging to Chinese owners of iPhones and iPads — including private messages, photos and device backups — is to be stored locally in China for the first time, as Apple opens its first iCloud data centre on the mainland.

Apple’s move follows Beijing’s introduction last month of tighter cyber security rules and reflects the concessions foreign multinationals must make to tap the world’s largest mobile market, which is increasingly important for iPhone sales.

The US tech group’s new facility in Guizhou will be jointly operated with a Chinese internet company as part of a $1bn investment in the southwestern province.

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: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 145.90.

The projected upper bound is: 151.24.

The projected lower bound is: 139.89.

The projected closing price is: 145.57.

APPLE INC closed up 0.470 at 145.530. Volume was 24% below average (neutral) and Bollinger Bands were 52% narrower than normal.

Open          High            Low             Close           Volume
144.730      145.850      144.380      145.530      19,781,836

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

Moving Averages: 10-period        50-period       200-period
Close:                       144.24             149.33             130.85
Volatility:                18                     24                     20
Volume:                  22,141,814      29,165,026      28,790,262

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.

Summary

APPLE INC is currently 11.2% 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 20 periods. Our momentum oscillator has set a new 14-period high while the security price has not. This is a bullish divergence.

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 75.6261. This is not an overbought or oversold reading. The last signal was a buy 15 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 47.92. 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 37 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 41. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 1 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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