Maxim analyst Nehal Chokshi said that, as with each new iPhone generation, Apple's (AAPL) implementing of new capabilities requires an increasing bill of materials cost, which will again pressure its gross margins. Noting there will be "many supply chain winners due to the added functionality," Chokshi highlighted AEHR Test Systems (AEHR) as a clear direct beneficiary since it uniquely provides a wafer-level burn-in testing tool that is used by Apple. Additionally, he identifies Intevac (IVAC) as "at least a second order beneficiary" as Apple's reported plans for wireless charging in the iPhone 8 should spur industry adoption, helping to double the company's oDLC opportunity to $1B over the next five years.

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