As of April 10, 2023, General Interface Solution (GIS), a touch solution provider, has reportedly entered the iPhone supply chain by supplying integrated touch modules for iPhones using flexible OLED panels provided by BOE Technology. However, there is no information on when the orders will start picking up.

A more recent report by Digitimes, dated June 2023, reveals that GIS reported a surge in revenue of 38.48% from the previous month, amounting to NT$12.094 billion (US$411.2 million). GIS is optimistic about the second half of 2022 and expects revenue to be higher than that of the first half, driven by increased output of notebook LCMs. However, there is still no information on when GIS will start receiving orders from Apple.

Another report by Digitimes suggests that suppliers are preparing to supply Apple with the antenna in package components for the new iPhone. It is expected that 60% of iPhone 13 models will feature mmWave 5G, which is currently only available in the U.S. iPhones and is much faster than sub-6 GHz. The iPhone 13 is anticipated to offer speedier connectivity in several new countries, including Canada, Japan, Australia, and other major European mobile operators. It is unclear whether GIS will be involved in the production of the iPhone 13.

While there is still no information on when GIS will start receiving orders from Apple, the company has reported strong revenue growth in June 2023. It is optimistic about the second half of 2022. Additionally, there is a possibility that GIS may be involved in the production of the iPhone 13, which is expected to offer faster connectivity in several new countries.

AAPL Stock Update: April 10, 2023 and Future Earnings Growth

On April 10, 2023, AAPL stock opened at 161.42, down from the previous close of 164.65. The day’s range was between 160.92 and 161.85, with a volume of 252,720 shares traded. The market cap for AAPL was $2.6T.

AAPL’s earnings growth last year was 8.57%, while this year it has decreased by 2.37%. However, the company is expected to have an earnings growth of 10.50% in the next five years.

AAPL’s next reporting date is May 5, 2023, with an EPS forecast of $1.43 for this quarter. The company’s annual revenue for last year was $394.3B, with a yearly profit of $99.8B. AAPL’s net profit margin was 25.31%.

AAPL operates in the Electronic Technology sector and the Telecommunications Equipment industry. The corporate headquarters of AAPL is located in Cupertino, California.

In summary, AAPL’s stock performance on April 10, 2023, showed a decrease in stock price compared to the previous close. However, the company’s expected earnings growth in the next five years is promising.

Apple Inc. Stock Forecast: Strong Consensus to Buy with Potential Increase of 7.36%

On April 10, 2023, Apple Inc’s stock closed for $161.14. According to CNN Money, the 38 analysts offering 12-month price forecasts for the company have a median target of $173.00, with a high estimate of $205.00 and a low estimate of $116.00. This indicates a potential increase of +7.36% from the current price.

The consensus among 41 polled investment analysts is to buy stock in Apple Inc. This rating has remained unchanged since March, indicating a strong belief in the company’s potential for growth and success.

Apple Inc’s current quarter earnings per share are $1.43, with sales of $92.6 billion. The company is set to report its earnings on May 05, 2023.

Overall, the outlook for Apple Inc’s stock performance appears positive. The company has consistently shown strong financial performance, with a loyal customer base and innovative products that continue to drive growth. Additionally, the consensus among analysts to buy the stock further reinforces this positive outlook.

Investors considering investing in Apple Inc’s stock should carefully consider their investment goals, risk tolerance, and financial situation before making any decisions. It is also essential to conduct thorough research and analysis of the company’s financials and market trends before investing.

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