Ahead of today's next generation iPhone announcement, JPMorgan analyst Harlan Sur says he remains confident that Apple (AAPL) will integrate Broadcom's (AGO) wireless charging chip into the next iPhone family in the second half of 2017. Broadcom commenced manufacturing production of the chip back in late June with its foundry partners, Sur tells investors in a research note. The analyst is also confident that Apple will also use Broadcom's next generation Wi-Fi/Bluetooth combo chip which enables simultaneous Wi-Fi data transmit/receive on both 2.4Ghz/5Ghz bands and the new Bluetooth 5.0 standard. He sees at least a $3-$4 step-up, or 40%-45% increase, in dollar content for Broadcom in the new iPhone relative to last year's models. Sur reiterates an Overweight rating on Broadcom with a $315 price target.

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Erste Group downgraded Apple to Hold from Buy.

Apple (AAPL) supplier TSMC (TSM) has unveiled its A16 chip manufacturing technology featuring nanosheet transistors with "backside power rails" meant for producing its ultra-advanced 1.6nm chips by 2026, Nikkei Asia's Cheng Ting-Fang reports. TSMC says the introduction of the technology can "greatly improve logic density and performance." Reference Link

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