NatalieLopez

 3 Apr 24

tl;dr

Apple (NASDAQ:AAPL) is delving into the home robotics market, aiming to find the "next big thing," as per a report by Bloomberg. Shares experienced a slight rise in late trading on Wednesday. Engineers at Apple's Cupertino, Calif. headquarters have reportedly explored the development of a robot th...

Apple (NASDAQ:AAPL) is delving into the home robotics market, aiming to find the "next big thing," as per a report by Bloomberg. Shares experienced a slight rise in late trading on Wednesday. Engineers at Apple's Cupertino, Calif. headquarters have reportedly explored the development of a robot that can accompany individuals around their homes, along with a home device utilizing robotics to move around on tables. The endeavors are in early stages, and the products may never materialize, as indicated in the report. Earlier this year, Apple terminated its electric vehicle project after investing an estimated $10 billion over several years. Seeking Alpha's request for comment from Apple has not been immediately addressed. In recent times, tech companies, such as Amazon and Tesla, have ventured into robotics with varying degrees of success. Amazon launched its Astro robot in 2021, targeting elder care, home security, and virtual assistance. However, the company made no reference to Astro at its 2023 annual device event. Tesla has been developing a humanoid robot, dubbed Optimus robot, with CEO Elon Musk suggesting it could potentially become the company's primary business in the future. Additionally, the startup Figure AI, backed by funding from Amazon's Jeff Bezos, Nvidia, and others, is working on its own humanoid robot, known as Figure 01, which is designed to perform tasks considered hazardous or unsuitable for humans.

More about Apple Inc

Apple Inc. is a prominent American multinational technology company renowned for its consumer electronics, computer software, and online services. With a staggering revenue of $274.5 billion in 2020, Apple holds the distinction of being the world's largest technology company. Since January 2021, it also holds the title of the world's most valuable company. Additionally, as of 2021, Apple stands as the world's fourth-largest PC vendor by unit sales and the fourth-largest smartphone manufacturer. It is part of the Big Five American information technology companies, alongside Amazon, Google, Microsoft, and Facebook.

Sector: Technology

Subsector: Electronic Computers

Market Cap: $2.6072 trillion

Current Price: $26.22

Change: 0.95 ( 6.44%)

Previous Close: $24.65

EPS: $0.262

Shares Outstanding: 3.85706 billion

Revenue: $200.13 billion

PE Ratio: 0.16

Dividend Yield: 0.021

More about Amazon.com Inc

Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.

Industry: TRADE & SERVICES

Sector: RETAIL-CATALOG & MAIL-ORDER HOUSES

Market Cap: 1,876,899,267,000

Current Price: $3,285.85

Dividend Yield: None

Price/Earnings Ratio: 62.52

52-Week High: $3,773.08

52-Week Low: $2,881.00

Price/Book Ratio: 0.0529

Shares Outstanding: 574,784,995,000

EPS: 208.64

Beta: 50.69

Volatility: 0.139

More about Tesla Inc

Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.

MANUFACTURING,MOTOR VEHICLES & PASSENGER CAR BODIES,530681561000,38.75,None,4.3,30.49,0.155,96772997000,192.88,1.115,0.035

More about NVIDIA Corporation

NVIDIA Corporation

Nvidia Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.

Industry: MANUFACTURING

Sector: SEMICONDUCTORS & RELATED DEVICES

Market Cap: 223.63 Billion

Current Price: $200.00

Change: $1.50

PE Ratio: 11.9

EPS: $24.68

Dividend Yield: 0.488%

Revenue: $60.92 Billion

Net Income: $984.64 Million

Debt to Equity: 7.61

Current Ratio: 2.653

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 13 Nov 24
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