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Fly News Breaks for May 24, 2019
May 24, 2019 | 07:12 EDT
Wedbush analyst Daniel Ives told investors in a research note that for a company that employs over 1M Chinese workers with its flagship Foxconn (HNHPF) factory and is a major player within the China technology ecosystem, from a supply chain perspective, Apple (AAPL) should not have "major roadblocks" despite the "noise" from the U.S.-China trade battle. Ultimately, Ives says he believes the likelihood is low that Apple and its iPhones feel the burden of the tariffs given its strategic importance domestically as well as CEO Tim Cook's ability to navigate these issues in the past with U.S. President Trump. The analyst maintains an Outperform rating and $235 price target on Apple shares.
News For AAPL From the Last 2 Days
Jun 18, 2019 | 09:48 EDT
KeyBanc analyst Andy Hargreaves lowered his Apple iPhone estimates for fiscal year 2020 as his supply chain feedback suggests stable near-term demand, but a likelihood of ongoing softness ahead. Further, the analyst... To see the rest of the story go to See Story Here
Jun 18, 2019 | 08:06 EDT
Morgan Stanley analyst James Faucette said being a Qualcomm (QCOM) shareholder has "always required a bit more mettle" given its history of political and legal risks, but he thinks that at current levels the stock is "still worth the noise." Faucette reduced his FY19 and FY20 estimates slightly because he no longer assumes Apple (AAPL) will refresh its portfolio to include more Qualcomm-based legacy models in late 2019 and most of FY20 and also to be more conservative in his assumption of Huawei's contribution. However, he is now modeling more impact from an uplift in 5G average selling prices and thinks if Huawei handsets are absorbed by other OEMs that Qualcomm could see a positive impact, Faucette noted. The analyst, who projects Qualcomm's FY21 earnings at about $6.80 per share, keeps an Overweight rating and $95 price target on the stock.
Jun 17, 2019 | 18:44 EDT
Apple's tvOS 13 beta 2 includes support for Picture-in-Picture video playback, 9to5Mac's Benjamin Mayo reports. Users can now view shows from the Apple TV app while multitasking around the rest of the OS, Mayo says. Reference Link
Jun 17, 2019 | 15:13 EDT
While Netflix (NFLX), Disney (DIS) and Apple (AAPL) continue investing in original animated content for kids, Amazon Studios (AMZN) is telling producers that it is no longer interested in developing new original animated shows for children but is shifting its focus to programming for young adults and that families can view together, according to The Los Angeles Times' Wendy Lee, citing four people familiar with the matter. Reference Link
Jun 17, 2019 | 11:24 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. SYMANTEC BOOSTED TO... To see the rest of the story go to See Story Here
Jun 17, 2019 | 09:34 EDT
Loop Capital analyst Ananda Baruah kept his Hold rating and $190 price target on Apple, saying that while the company's iPhone unit demand is tracking in line with consensus for the current quarter, he believes that the Street is too high regarding revenue expectations for the back half of the year on both both units and capacity per unit basis. The analyst further states that Apple shares have "settled in" around his target, with the stock also benefiting from the "rotational safe haven" and increasing yield-driven investment interest.