KeyBanc analyst John Vinh notes that Apple (AAPL) revealed three new phones with incremental features and pricing largely consistent with his expectations. The analyst believes stocks best positioned to benefit from this upcoming cycle include Synaptics (SYNA), which supplies display drivers into the iPhone XR, and RF semiconductor suppliers, driven by content gains given increasing RF bands and enhanced wireless functionality. Vihn sees the new phone launch as most positive for Qorvo (QRVO), Skyworks (SWKS), and Synaptics. Conversely, the removal of the dongle from new and previous iPhones creates the most headwinds for Cirrus Logic (CRUS), he contends.

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