Apple Inc.(NASDAQ:AAPL) – Apple Extends 1st Gen Apple Watch Warranty
Apple Inc (NASDAQ:AAPL), fell -0.10%, and closed at $143.65, hitting new 52-week high of $145.46. In the last trading session, Apple Inc (NASDAQ:AAPL) price moved 20.41% above its 200 day moving average. The stock is currently trading 2.13% up its SMA 50. If you own a first generation Apple Watch, then Apple just extended your warranty by another year, taking the total cover period to three years. This isn’t simply a generous gesture, it’s a response to a problem these first generation Watch models face. Notably, swollen batteries.
According to 9to5Mac, Apple’s standard limited warranty lasts for one year, but the company covers expanded/swollen battery issues for two years. For the first generation Apple Watch, that period is being extended by one year taking the total coverage to three years. As the Apple Watch launched on April 24, 2015, all owners now have the next 12 months covered.
After launching the first generation Apple Watch in April 2015, Apple followed up with Series 1$253.36 at Amazon and Series 2$359.00 at Amazon variants in September 2016. It’s unclear when the Apple Watch Series 3 will be released, but going on past launch timing it will likely fall somewhere between September 2017 and April 2018. Source: Pcmag
On Friday, the stock has price to sale ratio of 3.46, however, price to book ratio is 5.75. The stock has a 1-year performance up 54.68% and a positive weekly performance at 0.97%. Moreover, the stock is down -0.33% in one month through last close, to $143.65, showing a 18.30% return during the past three months.
The mean recommendation of analysts for this stock is 2.00. (where 1=Buy, 5=Sale).
Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.20 as current ratio and on the opponent side the debt to equity ratio was 0.66 and long-term debt to equity ratio also remained 0.56. Apple Inc.(NASDAQ:AAPL) had total cash at hand $11.51 and a book value per share as $24.99 in the most recent quarter. On the other hand the stock’s volatility for the week is 0.68%, and for the month is 0.88%.