Apple Inc. (NASDAQ:AAPL) has recently filed a patent for a new design for its battery. This new design would enable the battery to have better performance and prevent explosion.
The Cupertino, California-based tech giant seems ready to address two issues through this patent. The newest iPhone 7 has been listed as having the worst battery of any of the flagships this year. Now, if this patent improves the battery’s performance, it might significantly help in this regard. Apple’s phone lasts 20 hours less when on call on a cellular network in comparison to HTC 10. This huge gap between these two smartphones might be what Apple has in mind while filing the battery patent.
Aside from that, the devices of Apple have also been exploding along with Samsung's (OTC:SSNLF) Galaxy Note 7. The corporation filed for the patent in the second quarter of fiscal year 2016, so it might not have had any idea regarding the battery issue that we currently have. However, it might have had some indication of the danger of blowing up.
If this patent makes it to Apple’s devices, the company would be applauded for being proactive. South Korea’s Samsung Electronics (KS:005930) has been criticized for not being that proactive in its fight against the battery issue, which has affected the Galaxy Note 7.
We believe that this move by Apple aimed at preventing battery explosions is heading in the right direction. Yet, it might have them reconsider about the device’s design as the data indicate that the new casing is a bit bulky. Despite this, it does go on to say that the shape can be changed into any form and can be utilized for any other devices too, including the MacBook, iPad and iPod, among others.
As shown in the chart below, the AAPL stock is using the $111.82 level as support. At this point in time, we believe that the tech giant’s stock will continue to edge higher and we would definitely recommend a Buy position.