Company Update: Apple Inc. (NASDAQ:AAPL) – Samsung acquires fingerprint sensor firm as competitors warm to biometrics

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[at The Verge] – Samsung is acquiring biometrics firm Fingerprint Cards for $650 million in cash. The deal will provide Samsung with access to a number of fingerprint products that Fingerprint Cards produces, including swipe and area sensors. Fingerprint Cards’ sensors have been used in keyboards, door locks, and even vehicles worldwide, but the firm notes “the technology can be implemented in volume products such as smart cards and mobile phones.”The most obvious use for fingerprint technology right now is in smartphones, especially after Apple introduced its iPhone 5S with a Touch ID fingerprint scanner. …
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Apple Inc. (AAPL), currently valued at $442.52B, began trading this morning at $486.99.

Looking at the equity, the company’s one day range is $485.17 to $488.69 and has traded between $385.10 and $652.79 over the past year.

AAPL shares are currently priced at 12.45x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.98x earnings multiple for the same period.

The company pays shareholders $12.20 per share in dividend income per year, for a current yield of 2.50% .

Consensus earnings for the current quarter by the 47 sell-side analysts covering the stock is an estimate of $7.88 per share, which would be $0.79 worse than the year-ago quarter but a $0.28 sequential decrease. The full-year EPS estimate is $39.34, which would be $4.81 better than last year.

The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $36.76 Billion. If realized, that would be a 2.20% increase over the year-ago quarter.

In terms of ratings, Standpoint Research downgraded (AAPL) from Buy to Hold (Aug 2, 2013).
Previously, Robert W. Baird downgraded (AAPL) from Outperform to Neutral.

When considering if the stock is under or overvalued, the average price target is $548.21, which is 12.57% above where the stock opened this morning.

Apple Inc. (NASDAQ:AAPL), together with subsidiaries, designs, manufactures and markets mobile communication and media devices, personal computing products and portable digital music players worldwide. Its products and services include iPhone, iPod, iPad and much more.

Tag Helper ~ Stock Code: AAPL | Common Company name: Apple | Full Company name: Apple Inc. (NASDAQ:AAPL) .


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