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Apple Inc. has gained a strong foothold in the smartphone and computing industry through its high-quality products. Whether it be iPhone, iPad or the Mac, Apple has always put special attention to its display technology and invested billions of dollars over the course of the last few decades.

Recently, popular Apple analyst Ming-Chi Kuo stated that the Cupertino-based tech giant will switch to mini-LED technology in the next one year. As reported by 9to5mac, Kuo predicts that Apple will bring the mini LED technology to its iPad and MacBook series.

The analyst adds that Apple will roll out a total of 4-6 products with the mini LED panel. According to Kuo, the first product with a mini LED will be the 12.9 iPad Pro with a tentative release date in Q3 2020. Furthermore, he adds that Apple will probably release an updated model of the MacBook Pro with mini LED technology by Q4 2020. This will likely be a successor to the recent 16-inch MacBook Pro offering by the company.

Kuo also predicts that Apple will aggressively push the use of mini LEDs in the next two-three years. He further added that Apple’s adoption of this technology will “accelerate the mini LED industry development.”

According to Apple, the mini LED screen panels will have much higher benefits over the existing technology. Firstly, the mini LED panels are much thinner, power-efficient, and don’t burn-in like their OLED counterparts. Furthermore, mini-LEDs offer rich-wide color gamut, high dynamic range, high contrast ratios, and localized dimming.

Apple’s Plans for 2020 and Ahead

Having enjoyed a decade of dominance in the smartphone industry, Apple is now looking for new ventures and avenues. The company is eyeing a potential market in the payments industry, web-streaming services, and augmented reality. With a massive cash vault, Apple plans to make billions of dollars worth investments in these sectors.

Despite the drying sales of iPhone this year, Apple’s push in multiple streams has given a massive hope to its investors. So far in 2019, the AAPL stock has been the darling of investors giving over 80% returns year-to-date. The AAPL is currently trading at $265 with the company’s market cap at $1.17 trillion. In this context, it’s important to bear in mind that in this period last year the stock price was around $184 which demonstrates its significant growth in 2019.

In August 2019, the Cupertino-based tech giant launched in Apple Card service in partnership with Goldman Sachs. The Apple Card was supposedly launched to boost its Apple Pay payment services while integrating it across stores, apps, and websites.

Besides, as part of its major product shift strategy, Apple plans to launch its Augmented Reality Headset by 2022. In the past, Apple chief Tim Cook has been very open about the underlying potential in the Augmented Reality market. Apple has also partnered with existing players like Valve to take their AR journey to the next level.

Furthermore, Apple is also stepping its foot in the streaming business while further escalating the ongoing streaming war between Netflix, Amazon, and Disney. Last month, Apple launched Apple TV Plus to compete against these players with just $4.99 monthly subscription charges.

Bhushan Akolkar , 2019-12-03 11:33:07 ,

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While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock

Nick Chong , 2019-11-10 12:00:38

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