Apple Exploring Home Robotics Concepts But Projects Still in Early Stages
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Apple is reportedly looking to enter the home robotics market with concepts like a robot that can follow people around their home.
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The robotics projects are still in very early stages, with no guarantee of becoming actual commercial products.
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Apple recently canceled its electric vehicle project after spending $10 billion over several years, showing its willingness to end projects regardless of prior investment.
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Analysts have a Moderate Buy consensus rating on Apple stock, with a $202.84 average price target implying 19.56% upside.
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Apple stock has seen a 12% decline year-to-date.