While Apple (AAPL) order cuts could be a headwind in the near term, the long term trend for Apple to shift from LCD to OLED is unchanged, Deutsche Bank analyst Sidney Ho tells investors in a research note. He says that while investor fears are understandable, they seem overdone. The analyst keeps a Buy rating on Universal Display (OLED) with a $190 price target. Ho's checks suggest there will be two new OLED smartphone models from Apple this year, as compared to only one OLED model last year. And outside of Apple, the analyst believes demand for OLED displays for smartphones remain strong, while OLED TV shipments also seem to be slightly ahead of schedule. Further, Ho believes Universal Display and Samsung continue to make progress on their contract negotiation.

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 plans to spend more than $250M on its regional hub in Singapore, including expanding its campus later in 2024, in an effort to reduce exposure to China and diversify its footprint in Asia, The Wall Street Journal's Amanda Lee reports. The expanded campus will run completely on renewable energy, according to the report. Reference Link

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.