Apple aims to lead 6G cellular technology development

  • Last fall, Apple (NASDAQ:AAPL) released its first 5G-enabled iPhone models. Now the tech giant wants to get ahead of the cellular connectivity game by starting work on 6G technology.
  • The tech giant posted job listings this week looking for wireless system research engineers for current and next-gen networks at the San Diego and Silicon Valley offices.
  • The listings say the workers will "research and design next generation (6G) wireless communication systems for radio access networks."
  • Analysts and industry insiders don't expect 6G to roll out until 2030, considering the 5G roll out is still ramping up.
  • Apple relied on Qualcomm (NASDAQ:QCOM) for its 5G modems but news broke in December that Apple was planning an in-house modem design.
  • In 2019, Apple acquired the majority of Intel 's smartphone modem business in a $1B deal.

    Apple fundamentals

    For this year the company, located in Cupertino revenue will be around 333.65 billion USD. This is according to the average of the analysts' estimates. This is quite more than 2020's revenue of 274.52 billion USD.

    Historical revenues and results Apple plus estimates 2020

    fundamantele data Apple

    The analysts expect for 2021 a net profit of 74.87 billion USD. The majority of the analysts expects for this year a profit per share of 4.45 USD. The price-earnings-ratio equals 28.28.

    Per share the analysts expect a dividend of 85 cents per share. Thus the dividend yield equals 0.68 percent. The average dividend yield of the hardware & equipment companies equals a low 0.6 percent.

    Most recent target prices around 154 USD

    RBC Capital Markets, Barclays and Robert W. Baird recently provided recommendations for the stock.

    Apple 's market value equals around 2236.9 billion . The Apple stock was the past 12 months quite volatile. Since last February the stock is even 76 percent higher. This year the stock price moved between 53 and 145 dollar.

    Historical stock prices Apple

    fundamental research apple

    Click here for dividend Apple. At 21.02 the stock trades 1.14 percent lower at 125.86 USD. Nieuwsdienst: +31 084-0032-842

    Copyright B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.