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Fly News Breaks for May 21, 2019
AAPL
May 21, 2019 | 08:04 EDT
Credit Suisse analyst Matthew Cabral notes that three recent actions have elevated the near-term risks for Apple in China, namely the Trump administration's tariff increase on $200B of Chinese exports, the USTR listing of an additional $300B in Chinese exports that could be subject to future tariffs, and the U.S. Department of Commerce adding Huawei to its "Entity List." While Apple's products largely fall outside the scope of current U.S. tariffs on Chinese goods, the analyst is more concerned with potential "second derivative" impacts on local demand and implications of a further escalation from here. Further, he sees a potential impact to margins and/or unit sales if the administration moves forward with tariffs on the additional $300B of Chinese exports and sees increased risk of retaliation following the recent addition of Huawei to the "Entity List." Cabral reiterates a Neutral rating and $209 price target on the shares.
News For AAPL From the Last 2 Days
AAPL
Apr 18, 2024 | 09:06 EDT
IHG Hotels & Resorts (IHG) launches Apple (AAPL) AirPlay in the first phase of hotel rooms, giving guests the ability to stream content privately and securely from their iPhone or iPad to the TV in their guest rooms. AirPlay is available at more than 60 hotels in North America, including properties like InterContinental Buckhead Atlanta, Hotel Indigo NYC Downtown - Wall Street and Holiday Inn & Suites Ottawa Kanata. IHG is the first hospitality company to provide AirPlay functionality as part of its in-room entertainment experience.
AAPL
Apr 17, 2024 | 16:32 EDT
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
AAPL
Apr 17, 2024 | 15:48 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. UPPING PARENTAL CONTROLS: The... To see the rest of the story go to thefly.com. See Story Here
AAPL
Apr 17, 2024 | 11:59 EDT
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
AAPL
Apr 17, 2024 | 07:28 EDT
Maxim initiated coverage of Apple with a Hold rating and $178 price target.
AAPL
Apr 17, 2024 | 06:11 EDT
Apple will consider making some of its products in Indonesia as the company plans to ramp up investment in Vietnam, Kimberley Kao and Ben Otto of The Wall Street Journal reports. "We talked about the president's desire to see manufacturing in the country, and it's something that we will look at," CEO Tim Cook said at a press conference, according to state news agency Antara. Cook did not offer a timeline for the investment or say what form it could take. Reference Link
AAPL
Apr 17, 2024 | 05:54 EDT
The U.K. plans to hold talks this month with Apple (AAPL), Meta (META), Alphabet (GOOGL) and others to push a voluntary charter granting parents more control of social media use by young teens, Bloomberg's Ellen Milligan reports. According to people familiar with the matter, ministers want to launch a consultation later this month to gauge ways of limiting the potential harm to children caused by social media, and the proposed voluntary charter may involve tech firms agreeing to alert parents when their children are repeatedly looking up disturbing content. Reference Link