Oppenheimer analyst Andrew Uerkwitz notes that Apple reports Q4 results today and says he believes the iPhone 7 cycle is performing a little better than expected due to an improving ASP trend. However, the analyst says that there is still "a high risk" of weaker than expected results in March and June of 2017 given year over year shipment decline due to waning demand for iPhone 7 and mounting anticipation for the calendar 2017 iPhone refresh. Further, Uerkwitz sees little upside from non-iPhone products such as Apple Watch, iPad, and MacBook. He reiterates a Perform rating on the 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