What’s new with Apple?

Apple is ready for a possible breakout. The said breakout may take place anytime and it is believed to be an upside breakout.

In the latest trading session, Apple (NASDAQ: AAPL) closed at about $199 which was a – 0.09% move from the previous day.

Speaking of what they are up to lately – recently, Apple released the public Beta version of their highly anticipated iOS 13 software update for iPhone devices. It comes with the new dark mode and now, the general public can use it prior to its full release in September.

In latest deal, Apple has purchased a self-driving technology. Confirming to Axios and The Verge, Apple revealed that they acquired Drive.ai, a self-driving start-up that was once valued at $200 million. Apple is looking forward to bringing more talent in, in order to boost their own self-driving projects.

On a related note, analysts predict the rise of the share price of Apple.

According to the Business News website The Street, WedBush Securities analyst Dan Ives said: “We believe a resolution to the China tariff situation could add between $20-$25 per share to Apple’s stock over the coming months in our opinion, as this would take away the dark cloud currently shadowing the stock”.