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Fly News Breaks for October 21, 2019
Oct 21, 2019 | 07:05 EDT
Credit Suisse analyst Matthew Cabral says that as of Friday, wait times for the iPhone Pro/Pro Max have shortened by about 1 week since the prior Friday, but remain constrained at greater than 1 week in each of the eight geographies he is tracking with the exception of the Pro Max in China. Pro/Pro Max wait times continue to compare favorably versus last year's XS/XS Max release when equilibrium was reached within three weeks, and are increasingly supportive of the near-term trajectory of iPhone demand, he contends, adding that the most notable change versus a week ago is the durability of iPhone Pro wait times which now stand almost a full week longer than Pro Max, the opposite dynamic to what was seen last year. Cabral has a Neutral rating and a $209 price target.
News For AAPL From the Last 2 Days
Nov 19, 2019 | 12:19 EST
Alphabet's Google (GOOG,GOOGL), Facebook (FB), Amazon (AMZN) and Apple (AAPL), responded to questions from the House of Representatives Judiciary Committee, with a mixture of defending their practices and declining to give answers, says Reuters. "The companies, long a symbol of the most dynamic aspect of the U.S. economy, have seen their reputations tarnished by privacy lapses and allegations they abused their perch on top of the market to hurt small and nascent rivals," added the Reuters' story. Reference Link
Nov 18, 2019 | 08:55 EST
Friday's total option volume of 24.0 million contracts resulted in net open interest growth of 4.12 million calls and 3.82 million puts. Apple (AAPL), Danaher (DHR), Advanced Micro (AMD) and Aurora Cannabis (ACB) saw the greatest growth. Top five new positions opened include 55k Danaher (DHR) Dec-19 170 puts, 55k Danaher (DHR) Dec-19 170 calls, 51k AT&T (T) Mar-20 41 calls, 39k Canopy Growth (CGC) Dec-19 10 puts and 24k J C Penney (JCP) Jan-21 0.5 puts.
Nov 18, 2019 | 08:11 EST
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.
Nov 18, 2019 | 06:25 EST
Apple's iPhone 11 is proving an early success in China, according to official data, Bloomberg reports. Apple shipped 10M iPhones in China during September and October, based on Bloomberg's calculations from government data on overall and Android device shipments. According to the China Academy of Information and Communications Technology, iPhone shipments are up 6% year-over-year. Reference Link