Apple Inc (NASDAQ: AAPL) is gearing up to launch a new program in which the company will lessen the fee of its App store for small developers. Apple disclosed that those who are making $1 million or fewer profits each year from the app store will be able to get benefits of a lower commission fee.
Apple is enjoying a 30% commission from most of the purchases made on the App Store, even though the charges fall to 15% for payments that remain active for more than a year. AAPL said that the developer will be able to enjoy the lower 15% rate. Apple revealed that the new program will be implemented from January 1, 2021.
Apple Inc. (AAPL) has seen some recent volatility in the market and its common shares closed trading at $118.03 yesterday. People are starting to take interest in AAPL as the common shares traded as high as $119.82 and as low as $118.00 in the previous trading session.
Apple Inc. (AAPL) average trading volume is 156.19M. However, in the previous trading session Apple Inc. (AAPL) traded 74,749,286 shares. The First support level on AAPL is $113.63 and the First upside resistance level on AAPL is $137.59. AAPL 50 day moving average is $116.47 and AAPL 200day moving average is $103.06.
Apple Inc. (AAPL) most current performance has been indicated by the recent movement in AAPL common shares. AAPL has performed 0.44% over the past month, AAPL has performed -0.21% over the past 3 months and AAPL has shown 77.30% over the past 12 months. Apple Inc. (AAPL) has a 1 year range of $53.15 to $137.98. Apple Inc. (AAPL) is trading 122.06% from its 1 year low and -14.46% from its 1 year high. Apple Inc. (AAPL) is displaying a 0.47% short float displaying the amount short in the float.
AAPL has 17.06B shares outstanding and 16.99B shares in the float. Apple Inc. (AAPL) presently has a market cap of $2005.88B and an income of 57.41B. The EPS next quarter for AAPL is 1.39 and the anticipated EPS next year is 8.99%. The market cap of Apple Inc. (AAPL) at $2005.88B represents how many People own shares of AAPL and is based off the last price ($118.03) of AAPL and the amount of shares outstanding (17.06B) with Apple Inc. (AAPL).
Apple Inc. (AAPL) has total cash (mrq) of 90.94B, total cash per share (mrq) of 5.35, total debt of AAPL rests at 122.28B and total debt/equity (mrq) is 187.14. . Apple Inc. (AAPL) running cash flow (ttm) is 80.67B, AAPL leveraged free cash flow (ttm) is 60.39B.
AAPL is trading 1.90% above (bullish) its SMA20, 2.45% above (bullish) its SMA50 and 26.96% above (bullish) its SMA200.