WedBush analyst Michael Pachter notes that Apple's (AAPL) September 12 Special Event highlighted several planned introductions across its various product lines, including an iPhone with a new form factor and facial recognition technology. The analyst believes it is unlikely that sales will be substantially higher on this year's upgraded products versus the prior year given similar price points and release dates. However, the new wireless charging capability may drive incremental charger sales for Best Buy (BBY) and other retailers, he adds. Pachter also pointed out that GameStop (GME) is encouraging its customers to purchase one of the new iPhones by trading in an old phone or other electronic device at its stores.

Alphabet (GOOGL), the parent company of Google, is scheduled to report first quarter 2024 results after the market close on Thursday, April 25, with a conference call scheduled for 4:30 pm Eastern Time. What to watch... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, CNBC's Ryan Browne reports, citing data from Counterpoint Research. Meanwhile, Huawei saw a 69.7% surge in smartphone sales in the country during the same period, Counterpoint said. Reference Link