Piper Jaffray analyst Gene Munster noted that Apple is hosting a special event on Wednesday, September 7. Based on the company's typical timing, he believes Apple will start selling the iPhone 7 on Friday, September 16. Expectations for the device are low so any incremental features, such as better battery life, could be positive for the stock, the analyst said. While Munster sees only "a small chance the iPhone 7 surprises positively," he thinks the 10th anniversary device next year will represent a more meaningful update and drive a "super-cycle" given the large pool of 2-3 year old device owners who may be looking to upgrade. The firm keeps an Overweight rating on Apple shares.

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