|Bid||193.6400 x 1100|
|Ask||193.6400 x 800|
|Day's Range||189.4600 - 194.7700|
|52 Week Range||150.2400 - 233.4700|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||17.62|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||2.92 (1.50%)|
|1y Target Est||233.88|
Our call of the day is Apple, after Morgan Stanley analyst Katy Huberty came out with a note in which she reiterated her overweight rating on Apple, writing that all the noise around supply chain concerns is a buying opportunity.
There’s certainly no love lost between the leaders of two of the most influential companies in the world.
Apple's pro-grade video editing tool Final Cut Pro X is getting a big update today. While much of FCPX is getting polished up in this release, the biggest change is what it allows for moving forward: workflow extensions. Frame.io: Frame.io lets video producers share in-progress edits, allowing collaborators to view the project as it comes together and drop comments, frame-by-frame annotations and ideas directly into the relevant, time-synced section of your timeline.
Warren Buffett is bullish on Apple (AAPL). The billionaire investor initially bought Apple in 2016 when the stock was trading at around $100. Buffett added a good chunk of Apple stock to his portfolio a few months back when the stock was at around $163, which was one of the reasons why the stock saw a big jump.
shares plunged Friday after the chipmaker posted weaker-than-expected third quarter sales, and issued a gloomy holiday quarter outlook, as inventories piled up amid a slowdown in demand from cryptocurrency miners. Nvidia said revenues for the three months ending in January, the company's fourth quarter, would rise to around $2.7 billion, well shy of the $3.4 billion previously forecast by analysts, thanks in part to a fall-off in demand for chips used in digital currency mining and a build-up in gaming chips that had become too expensive for buyers amid last year's bitcoin mining boom. "We came into Q3 with excess channel inventory post the crypto hangover," CEO Jensen Huang told investors on a conference call late Thursday.
European chipmakers tried to play down market concerns about a potential slowdown in global demand at an investor conference in Barcelona this week, striking an upbeat tone on orders from car and smartphone makers. Recent price falls due to weaker demand for memory chips and a build-up of inventory levels have led some analysts to note the risk of a potential downturn in the global semiconductor industry. U.S.-based Nvidia became the latest semiconductor maker to warn on sales on Thursday, blaming unsold chips piling up with distributors and retailers after the evaporation of a cryptocurrency mining boom, which had fuelled demand for processing power.
Can Apple Survive Its Stagnating iPhone Unit Sales? The global tablet device market has been shrinking for several quarters, and the third quarter was no exception. Apple (AAPL), one of the world’s top tablet companies, has borne the brunt of the shrinking tablet market.
Qualcomm’s (QCOM) business model is divided into two segments: the chipset business, which sells cellular chips and processors to smartphone makers, and the licensing business, which licenses its patents to smartphone makers. Between the first quarter of fiscal 2017 and the fourth quarter of fiscal 2018, Qualcomm’s operating expenses increased from $1.46 billion to $1.84 billion, while its revenue fell from $6.0 billion to $5.8 billion, increasing its operating expense ratio from 24% to 32% during the period. This rise shows the impact of the Apple dispute on Qualcomm.
Investing.com – U.S. futures were lower on Friday, as a imminent deal between the U.S. and China remains unlikely.The S&P 500 futures fell 14 points or 0.51% to 2,720.5 as of 6:45 AM ET (11:45 GMT) while Dow futures were down 99 points, or 0.39%, to 25,206.0. Meanwhile tech heavy Nasdaq 100 futures decreased 81 points, or 1.17%, to 6,834.5.Hopes of a trade deal between the U.S. and China receded after a White House official told Reuters on Thursday that China’s written response to U.S. demands for trade reform are unlikely to lead to a deal in the near future. U.S. ...
Apple’s (AAPL) stock is down a whopping 16% in November. The markets don’t like Apple’s tepid holiday quarter outlook. Apple’s iPhone volume growth has been sluggish for a while now, as the graph below shows.
Can Apple Survive Its Stagnating iPhone Unit Sales? While Huawei and Samsung (SSNLF) have been publicly discussing their plans for 5G (fifth-generation) phones, Apple (AAPL) has been mostly quiet on the issue. Last year, the Federal Communications Commission granted Apple permission to test 5G technology, suggesting that the company was considering a 5G iPhone down the road.
Qualcomm’s (QCOM) fiscal 2018 fourth-quarter revenue beat analysts’ estimate, but its fiscal 2019 first-quarter revenue guidance missed analysts’ estimate. Because the quarter’s sales will be largely influenced by Apple (AAPL). In the first quarter of fiscal 2019, Qualcomm expects to report revenue of $4.5 billion–$5.3 billion, lower than analysts’ consensus estimate of $5.57 billion.
Apple shares bounce, as they attempt to snap a five-day losing streak, after Morgan Stanley analyst Katy Huberty said the recent weakness has been an overreaction to sales warnings from smartphone suppliers, creating a buying opportunity.