Apple Inc. (AAPL) Highly Awaited Wireless Charger Still Not Ready for Prime Time

NASDAQ: AAPL | Apple Inc. News, Ratings, and Charts

AAPL – The company announced plans to launch the product this year.

Last year, Apple Inc. (NASDAQ:AAPL) touted a wireless charging pad that would be ready for release this year. Consumers are still waiting, and there are no signs that the product will be hitting shelves anytime soon. 

CNBC has the news on Apple.

Apple may imagine a world without cords and plugs, but it’s having trouble making that vision a reality.

A year after announcing AirPower, Apple’s wireless charging pad that can simultaneously charge your iPhone, Apple Watch and AirPods, the company has fallen mysteriously silent on its ambition to push forward a future of wireless power generation. It’s now unclear if Apple will be able to keep its promise to release AirPower in 2018.

The company took the wraps off of its new iPhone lineup to much fanfare last week, but there was no mention of the wireless charging pad at the event. That has led to speculation that the product has either been scrapped or seriously delayed, but the company has been tight lipped on plans.

Users that were banking on a wireless charging option for this year had better temper expectations.

Apple Inc. shares were trading at $219.32 per share on Wednesday morning, up $1.08 (+0.49%). Year-to-date, AAPL has gained 31.09%, versus a 10.14% rise in the benchmark S&P 500 index during the same period.

AAPL currently has a POWR Rating of A (Strong Buy), and is ranked #1 of 28 stocks in the Technology – Hardware category.

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AAPL Current POWR Rating™
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AAPL Current Price $170.42 0.22%
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AAPL Price Reaction

The day of this event (Sep. 19, 2018)
AAPL Closing Price$216.68 0.06%
AAPL Volume27,335,174
10.60% from avg
Leading up to this event
AAPL 1-mo returnN/A%
After this event
AAPL 1-day return0.81%
AAPL 3-day return1.15%
AAPL 5-day return0.99%

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