Morgan Stanley analysts Joseph Moore and Craig Hettenbach said Apple's (AAPL) report of weaker iPhone units, and weaker aggregate smartphone units overall, create some obvious concerns for the semiconductor group, adding that Apple's channel inventory and an analysis of its component inventory transferred to manufacturing partners elevate those concerns further. They had been generally concerned about suppliers with high Apple concentration already, the analysts added, noting that they remains cautious on Skyworks (SWKS) and see some risks to the broader semis cycle. Hettenbach has an Underweight rating on Skyworks shares.

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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

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Maxim initiated coverage of Apple with a Hold rating and $178 price target.

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

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

In a regulatory filing, Apple disclosed that its CFO Luca Maestri sold 53.2K shares of common stock on April 11th in a total transaction size of $9.26M.

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Friday's total option volume of 58.8 million contracts resulted in net open interest growth of 5.70 million calls and 5.17 million puts. Apple (AAPL), Tesla (TSLA), NVIDIA (NVDA) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 95k Meta Platforms (Facebook) (META) 6/18 weekly 1030 calls, 42k Tesla (TSLA) Apr-24 177.5 calls, 40k V F Corp (VFC) Mar-25 10 puts, 30k Alphabet Class A (GOOGL) Apr-24 165 calls and 30k Tesla (TSLA) 6/18 weekly 100 calls.

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Notable profits for the buyer who lifted the $3.00 offer for 7,000 Apple (AAPL) 5/31 weekly 185 calls yesterday at 10:08ET when underlying shares were trading at $176.70. Shares closed at $176.55, and the calls at $3.39 for a mark-to-market profit of 13%, or $270K, on the $2100K outlay.