Here are your Apple rumors and AAPL news items for today:
Gearing Up: According to a report from Japan’s Nikkei, Apple’s (AAPL) much-anticipated smartwatch will feature a curved OLED (organic light-emitting diode) touchscreen. The so-called iWatch will also include sensors allowing it to “collect health-related data, such as calorie consumption, sleep activity, blood glucose and blood oxygen levels.” The iWatch will reach consumers in October. Apple is reportedly planning to produce between 3 million and 5 million iWatch units per month, suggesting that the iPhone-maker expects robust sales of the device. The iWatch will drive Apple’s entry into the health-tracking business. Apple has reportedly partnered with the Mayo Clinic and the Cleveland Clinic “to develop specific ways of analyzing the collected data and applying it to actual health management.” Nikkei says that Apple is also working with Nike (NKE) to integrate their health tracking services. Most analysts have predicted a fall launch for the iWatch.
Secured: Sources tell Business Insider that eBay’s (EBAY) PayPal is working to add Apple’s TouchID fingerprint scanner functionality to its iOS mobile payment app. TouchID, which debuted last year on the iPhone 5s, is widely seen as a precursor to a secured mobile payment system that would allow users to make payments at retail locations via their iPhones. Recent rumors indicate that Apple is exploring its own mobile payment system based around iTunes, which has about 800 million accounts linked to credit and debit cards. PayPal has been previously reported as having approached Apple about a mobile payment system. PayPal developers attended a TouchID session at Apple’s Worldwide Developers Conference (WWDC) this week. An unnamed PayPal source told Business Insider “we’re still kicking the tires,” regarding TouchID. Apple has indicated that the TouchID scanner will appear on all new iOS devices released this year.
Multiplied: At the close of trading on Friday, Apple stock will complete a seven-for-one forward stock split, AppleInsider notes. Apple announced the unusual stock split in April. Apple shares will resume trading — at the post-split price — on Monday, June 9. Under the stock split, the number of outstanding Apple shares will be multiplied by seven. Apple stock is current trading around $647 a share. After the split, Apple stock will trade at a little over $92 per share. Apple shareholders of record will receive six additional AAPL shares for every share they own after the market closes on Friday. In announcing the seven-for-one stock split, Apple said the company wanted its shares to “be more accessible to a larger number of investors.”
For more about the company, check out our previous Apple Rumors stories.