More Clues That Apple's iPhone 8 Will Have 3D Sensing
Apple's (NASDAQ: AAPL) forthcoming iPhones are widely expected to feature 3D sensing technology that would enable a wide range of features such as facial recognition (which may replace Touch ID) and more advanced augmented reality (AR) use cases. One of the companies that is believed to have scored the design win is Lumentum Holdings (NASDAQ: LITE), according to a Fast Company report from February. Shares are up 25% since that report. Finisar may also be a supplier for the vertical-cavity surface-emitting laser (VCSEL) that facilitates 3D sensing.
Lumentum reported fiscal fourth-quarter results this morning, and the release was full of clues indicating Apple is indeed adding 3D sensing.
Source: Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 103 Buy predictions and 9 Sell predictions.
As a result the target price of 213 € shows a slightly positive potential of 3.75% compared to the current price of 205.3 € for Apple Inc..