Needham analyst Laura Martin estimates Apple (AAPL) could generate $3B of "incremental high-margin revenue" from Pokemon Go over the next 12-24 months. The game underscores two underappreciated investment qualities of Apple, Martin tells investors in a research note. The first being that Apple is "THE global distribution platform for mobile content winners (not just Pokemon Go), with the wealthiest consumers," the analyst contends. The second, Martin writes, is that Apple is likely to keep 30% of Pokemon GO's revenue spent on iOS devices, suggesting upside to earnings. The iPhone maker is up 13c to $100.00 in early trading. The analyst notes that since Pokemon Go was introduced in the U.S., Apple's market capitalization rose by only $2B between July 6 and July 18, relative to Nintendo's (NTDOY) $20B rise.

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

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

Erste Group downgraded Apple to Hold from Buy.

Apple (AAPL) supplier TSMC (TSM) has unveiled its A16 chip manufacturing technology featuring nanosheet transistors with "backside power rails" meant for producing its ultra-advanced 1.6nm chips by 2026, Nikkei Asia's Cheng Ting-Fang reports. TSMC says the introduction of the technology can "greatly improve logic density and performance." Reference Link

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

"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This... 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