Friday, February 19, 2021

WATT stock: Apple | Phone charger | wireless charging | Battery | Rumor | 30% -> 90% 8:30 AM PST -> 4:00 PM PST

 Shares of Energous  (WATT) - Get Report soared Friday on rumors that the wire-free charging company was working with Apple  (AAPL) - Get Report on a magnetically attached battery pack for the newest iPhones that would wirelessly charge the handsets.

Shares of the San Jose, Calif. company were climbing 42% to $5.28 at last check.

Bloomberg reported on Friday that Apple has been developing the attachment for at least a year, and that it has been scheduled to launch in the months after the iPhone 12 line was first released, which was in October.

The battery pack would attach to the back of an iPhone 12 using the MagSafe system, which all the new iPhones use for charging and pairing other accessories such as cases and wallets. 

Energous develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices.

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