A "wider competitive set" has started to dilute Netflix's (NFLX) perceived "uniqueness" and will probably restrain its pricing power in the short term, Societe Generale analyst Christophe Cherblanc tells investors in a research note. The low price points set by Disney+ (DIS) at $6.99 per month and Apple TV+ (AAPL) at $4.99 per month will likely make Netflix more cautious exercising its pricing power, Cherblanc contends. Further, he believes the company's 2019 price increases have had a slightly higher than expected impact on U.S. churn. The analyst keeps a Sell rating on Netflix with a $200 price target. The streaming service closed Friday up $5.41 to $295.03. Despite the recent pullback, the shares still have "significant downside" risk, Cherblanc contends. Nonetheless, the analyst thinks Netflix will retain a dominant position in a "rapidly expanding" over-the-top market and deliver steady margin expansion.

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

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

Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... 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