Apple's (AAPL) wireless charging pad could launch this week

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

AAPL – Apple AirPower was announced in 2017 and failed to launch in 2018, but it looks like AirPower will launch this week.

  • Apple AirPower was announced in 2017 and failed to launch in 2018, but it looks like AirPower will launch this week.
  • Apple has announced new products each day and, on Wednesday, announced AirPods with support for wireless charging, which is one gadget AirPower will charge.
  • The Wall Street Journal also said that Apple’s partners have received approval to begin producing the chargers.

Apple announced new iPads on Mondaynew iMacs on Tuesday and new AirPods on Wednesday.

It’s sure starting to seem like AirPower could come on Thursday or Friday.

You’re forgiven if you don’t remember what AirPower is.

In September 2017, Apple unveiled AirPower, a pad that’s capable of charging an iPhone, the Apple Watch and AirPods at the same time. Apple said it would launch in 2018 but it never did. Some reports suggested that it may have been delayed, or scrapped entirely, due to overheating issues.

But it sounds like Apple has solved any issues AirPower once had. The Wall Street Journal said on Wednesday that Apple has approved production for AirPower, which means its partners are now ready to start building the charging pads.

Wednesday’s AirPods announcement was another clue. Until Wednesday morning, Apple’s AirPods weren’t capable of charging without a Lightning cable, so customers couldn’t have used the wireless earbuds with AirPower anyway.

But the new AirPods support a wireless charging case, and people with older AirPods can buy the case for $79.

If Apple hasn’t scrapped AirPower entirely, it makes sense to launch it this week. The company has been trickling out all these hardware upgrade announcements to pave the way for its event next Monday. That event will reportedly focus entirely on services, such as a new streaming video service that will compete with Netflix and a new subscription news service. Apple is placing a lot of emphasis on services as a source of future revenue growth, as sales of its flagship iPhone slow.

The only mystery left about AirPower: How much will it cost?

Apple Inc. shares fell $0.21 (-0.11%) in after-hours trading Wednesday. Year-to-date, AAPL has gained 19.80%, versus a 13.15% rise in the benchmark S&P 500 index during the same period.

AAPL currently has a POWR Rating of C (Neutral), and is ranked #13 of 29 stocks in the Technology – Hardware category.

This article is brought to you courtesy of CNBC.

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