|Bid||227.00 x 0|
|Ask||227.50 x 0|
|Day's Range||225.00 - 227.50|
|52 Week Range||189.50 - 266.00|
|PE Ratio (TTM)||17.16|
|Forward Dividend & Yield||7.00 (2.86%)|
|1y Target Est||N/A|
Shares of Corning, whose toughened Gorilla glass is the screen of choice for smartphones including Apple's iPhone and Samsung's Galaxy, rose 2 percent in trading before the bell. At least two other Apple suppliers - contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd and chipmaker AMS - have pointed to soft demand from smartphone customers in the past week.
Selling of shares in chipmakers and other Apple-linked companies continued at a slower pace in early Asia trading on Monday after tech stocks took a hit late last week on fears of weakening iPhone sales. ...
It was chipmakers’ turn behind the tech woodshed this week, as investors punished shares of the leading producers of computer hardware.
Apple Inc. fell for the third day after analysts at Morgan Stanley cut their forecasts for iPhone shipments, adding to concern about the tech giant’s primary source of revenue ahead of quarterly earnings in May. Morgan Stanley analyst Katy Huberty lowered her projections for iPhone shipments by 1 million in the quarter ending in March and 6 million for the current quarter. Huberty now sees shipments for fiscal 2018 of 210 million, down from an earlier estimate of 217 million.
Taiwan Semi's (TSM) Q1 earnings miss estimates but revenues grow year over year on the back of increased demand from cryptocurrency mining.
Taiwan Semiconductor Manufacturing Co. built out its next-generation 7-nanometer manufacturing technology, N7+, with iPhones in mind.
A note from Mirabaud analyst Neil Campling suggests Apple is going to kill the iPhone X, but Apple has said it's the most successful iPhone it's currently selling.
An analyst suggests Apple is killing the iPhone X because there's a surplus of chips. Apple may replace the iPhone X, but if so, it's likely because a new flagship model is coming not because consumers aren't interested in the current phone. It might be true that the phone will be upgraded, but it's not "dead." Instead, I think what we're seeing is more of a reflection of Apple's new strategy in response to slowing growth in the phone market.
Weak guidance from top Apple suppliers suggests the iPhone X could be discontinued, according to Mirabaud analyst Neil Campling.
Apple's iPhone X is likely to be discontinued this year, Mirabaud analyst Neil Campling said. Weak guidance from a top Apple supplier Taiwan Semiconductor Manufacturing, and the likely knock-on effect to 3-D sensing technology maker AMS, suggests Apple is not buying components for the iPhone X. "With the declines in iPhone X orders and the inventory issue at TSMC at record highs which basically reflect a need to burn off inventory.
* Singapore index down, but posts 4th week of gains * Philippine shares extend weekly losses for 8th week in 9 * Vietnam shares up over 2 pct By Nikhil Nainan April 20 (Reuters) - Singapore stocks ended ...
Evidence of waning iPhone demand has spooked Apple shareholders, wiping more than $60bn off its market capitalisation in two days. Shares in the world’s most valuable company fell by 4.1 per cent to $165.72 ...
Asia-Pacific stock markets traded lower Friday after two days of broad gains, with technology stocks leading the way following a downbeat outlook from Taiwan Semiconductor Manufacturing Co.
World stocks dipped on Friday but were set for a second week of gains after a strong start to the global corporate earnings season, while a rally in commodity prices fizzled out. Losses by the tech sector in Asia and profit-taking among mining stocks in Europe contributed to the overall losses. The index is still on track for a 1 percent gain this week, as global markets recover from a turbulent first quarter which saw the return of volatility, trade tensions between the U.S. and China, and tensions in the Middle East.
Meanwhile, the 10-year Treasury yield touched 2.96 per cent, the highest level since February 21, taking its rise over the course of the week to more than 13 basis points. “The probability, according to Bloomberg, of four Federal Reserve rate hikes in 2018 is now at the highest of the year, at around 33 per cent from 18 per cent at the start of last week,” noted Jim Reid, strategist at Deutsche Bank. The dollar was also firm elsewhere, climbing to a two-week high against a basket of currencies as the euro softened ahead of next week’s European Central Bank policy meeting.
April 20 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd: * SAYS APPROVED NINE CANDIDATES FOR BOARD OF DIRECTORS * SAYS 9 DIRECTORS INCLUDE FOUR CURRENT DIRECTORS F.C. TSENG, MEI-LING CHEN, MARK ...