Apple Inc. (NASDAQ:AAPL) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -0.59% to 138.96 with around 26.17 Million shares have changed hands in this session. iPhone 8 is expected to sport a bunch of important changes, including an OLED all-screen display with improved 3D Touch and Touch ID sensor. Now, a fresh report reiterates Apple’s AR efforts and claims that the company has dedicated as many as 1,000 engineers to just develop AR.
Moreover, some form of augmented reality (AR) is also expected to be integrated into the iPhone 8 this year. Business Insider got hold of a UBS report that claims that over 1,000 employees in Israel are working only on augmented reality, as Apple bets big on the technology unlike other companies who look to invest big in VR currently.
According to the report, the company wants to integrate some form of augmented reality feature into the iPhone 8 this year, and it could be something on the lines of moderate 3D mapping or an AR software development kit. The stock is going forward its fifty-two week low with 57.64% and lagging behind from its 52-week high price with -0.85%.
Similar, the positive performance for the quarter recorded as 25.21% and for the year was 40.84%, while the YTD performance remained at 20.50%. AAPL has Average True Range for 14 days of 1.54.
Caterpillar Inc. (NYSE:CAT) [Trend Analysis] retains strong position in active trade, as shares scoring -4.28% to $94.36 in active trade session, while looking at the shares volume, around 23.02 Million shares have changed hands in this session. Federal law enforcement officials conducting a criminal probe of heavy machinery manufacturer Caterpillar Inc searched three of its facilities on Thursday.
A spokeswoman for the U.S. Attorney Office for the Central District of Illinois, Sharon Paul, confirmed that federal law enforcement officials conducted searches at locations in Peoria, East Peoria and Morton, Illinois, but did not say why agents raided the three facilities.
Caterpillar, in a statement issued on Thursday afternoon, said it believed the search was part of an Internal Revenue Service investigation related to profits earned by a Swiss parts subsidiary, Caterpillar SARL, or CSARL. It said that “while the warrant is broadly drafted, we believe the execution of this search warrant is regarding, among other things, export filings that relate to the CSARL matter first disclosed in Caterpillar’s Form 10-K filed on February 17, 2015, and updated in Caterpillar’s most recent Form 10-K filed with the SEC on February 15, 2017.” The firm has institutional ownership of 72.80%, while insider ownership included 0.10%. CAT attains analyst recommendation of 2.70 with week’s performance of -1.25%. Investors looking further ahead will note that the Price to next year’s EPS is 42.30%.