Apple News

Why Bruised Apple Stock May Grow More Rotten




White Apple (AAPL) logo on glass with people in background


© Source: ZorroGabriel / Shutterstock.com
White Apple (AAPL) logo on glass with people in background

The writing may not be on the wall, but it may be on the iPad for Apple (NASDAQ:AAPL) investors. Let’s look at what’s happening in today’s market, off and on the price chart, then offer a risk-adjusted determination on positioning in AAPL stock.



White Apple (AAPL) logo on glass with people in background


© Provided by InvestorPlace
White Apple (AAPL) logo on glass with people in background

Apple. It’s a name rarely associated with relative weakness and underperforming the Nasdaq 100. The stock does constitute a full 13% of the tech-heavy index. And it didn’t become the world’s largest company and first enterprise to be worth more than $2 trillion without bearing regular fruit for investors, right?

But since clawing its way out of September’s broad-based correction, shares of AAPL have been less sweet by Wall Street.

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At its best, the Nasdaq retraced more than 76% of last month’s aggressive selloff. And right now the index is wedged between its 50% and 62% retracement levels. Comparatively, Apple’s rally was sent packing against its 62% Fibonacci resistance level. Now it’s stationed about 3% beneath the midfield line. Shares are also a full 6% beneath late August’s ballyhooed pre-split price. Net, net it’s not rocket science to realize the company’s shareholders have been on the defensive.

So, what gives? There’s likely a couple key drags working against Apple. A heavily drum rolled unveiling of Apple’s latest mobile device, a 5G iPhone 12, hasn’t moved the needle for a company. What’s more, in front of its next quarterly report AAPL stock is historically and in absolute terms, as pricey as its products. All eyes and cameras will be watching Apple a week from today to learn if its 30x forward price multiple is at increased risk of contraction.

There is also the Presidential election and its potential impact on Apple’s business.

Biden has continued to lead in national polls by nearly 10 points. That’s good for Apple. As CNBC’s James Cramer has noted, a new administration reopening a relationship with China should help Apple, as well as consumer brands…

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Real-time DNA Sequencing On Your SmartWatch? The Tech Is Not Far Away


Will the Apple Watch Series 10 or 12 offer handy real-time DNA sequencing? It’s not beyond the realm of possibility, thanks to a series of scientific breakthroughs. And it could revolutionize personalized medicine, especially for super-malignant cancers.

Sequencing a genome used to be science fiction.

That changed when the Human Genome project kicked off in October of 1990. But it wasn’t until 13 long years had passed that the project actually completed in April of 2003. Today, sequencing a genome takes between two to four days: a massive improvement, but still not just something you check like the time on your smartwatch.

Now scientists at IMEC, an international innovation hub, have open-sourced software to bring that down to between 10 minutes and a few hours.

“The latest version … can now do a 50X coverage whole genome — that’s one that’s quite often used — we can now do that in under 10 minutes for roughly speaking $1,” Dr. Roel Wuyts told me in a recent TechFirst podcast.

That’s up to 16 times faster than current best-of-breed solutions.

Part of the challenge is that sequencing a genome is a two-part process. There’s the actual physical data-gathering aspect, and there’s the analysis of the resulting data. While today’s DNA-testing machines that a major hospital might have can run through perhaps 9,000 genomes in a year, analyzing the data so doctors and scientists can work with it would take 18 months.

Wuyts and his team at KU Leuven, a research university in Belgium that works with IMEC, have built elPrep5, a software platform for DNA analysis. The goal: getting the software to catch up to the hardware.

Listen to the interview behind this story on TechFirst:

“Finally, we can run the entire DNA analysis pipeline with a single software platform solution, and faster than ever,” another IMEC researcher, Dr. Charlotte Herzeel, says. “For the medical sector, this allows massive efficiency gains because the time between sampling and diagnosis dramatically decreases and doctors can run analyses overnight.”

elPrep5 is that software platform, and IMEC is…

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Apple releases HomePod software update 14.1 with Intercom and other enhancements


Apple has released an update to its HomePod software. Version 14.1 adds support for the upcoming HomePod mini as well as the new Intercom feature for all HomePods and a handful of Siri enhancements.

Release notes

The full release notes for HomePod software update 14.1 are as follows:

Software version 14.1 includes support for HomePod mini and new Siri and Intercom features. This update also includes bug fixes and improvements.

HomePod mini

  • Setup and automatically transfer your Apple ID, Apple Music, Siri and Wi-Fi settings to HomePod mini

Siri

  • Siri suggestions appear in Maps when you ask HomePod for information about a location
  • Web search requests to HomePod can be sent from HomePod to your iPhone
  • Siri can now stop alarms, timers, and media across HomePod speakers
  • Voice recognition support for Podcasts for multiple users in the home

Intercom

  • Ask HomePod to make announcements to other HomePod speakers throughout your home
  • Intercom to all HomePod speakers
  • Intercom to a HomePod in a specific room or zone

Other improvements and fixes

  • Add music to your alarms and wake up to your personal song, playlist, or radio station from Apple Music
  • Fixes an issue where stereo pairs can sometimes play out of sync
  • Improves reliability when using Siri to control multiple speakers
  • Optimizes Siri performance

How to update your HomePod software

Your HomePod is by default set to update automatically, though that feature can be disabled. Within the next few days, it should download and install the update on its own.

If you want to force the update, follow these steps:

1. Open the Home app.

2. Long-press on your HomePod tile. A now-playing card should pop up.

3. Scroll down to the second page. If a software update is detected, you’ll see it here with an option to install. You can scroll all the way to the bottom to see the current software version.

Alternately, you can tap the house icon in the upper left of the Home app, then tap on Home Settings, then scroll down and tap on Software Update.