Apple (AAPL) Powers Higher After Weak Open

Jefferies Reiterates Buy Following Verizon Communications (VZ) 3Q Results

October 21, 2015 9:04 AM EDT

Jefferies reiterated a Buy rating and $53.00 price target on Verizon Communications (NYSE: VZ) following the company's 3Q15 earnings results.

Analyst Mike McCormack commented, "Results reflected better profitability in both Wireless and Wireline. Wireless continues to perform well in a challenging environment, evident in... More

Cowen Reiterates Market Perform as Verizon Communications (VZ) Reports In-Line Results

October 21, 2015 6:55 AM EDT

Cowen reiterated a Market Perform rating and $48.00 price target on Verizon Communications (NYSE: VZ) following the company's 3Q15 earnings results. VZ reported mostly in line 3Q15 results including rev/EPS of $33.16B/$1.04 vs. the Streets $32.97B/$1.02E.

Analyst Colby Synesael commented, "VZ... More

Apple (AAPL) Ticks Lower with Verizon's (VZ) Conference Call Ongoing

October 20, 2015 9:31 AM EDT

Apple (NASDAQ: AAPL) shares are poised to open lower Tuesday morning following Q3 results from Verizon (NYSE: VZ) and comments made during its conference call. On the call, Verizon's CFO said he expects lower Q4 phone sales volume... More

Stifel Comments on Apple (AAPL) Following Verizon (VZ) Qtr Results; Notes Installment Plans at 58% of Activations

October 20, 2015 8:56 AM EDT

Stifel analyst Aaron Rakers weighed in in Apple (NASDAQ: AAPL) following Verizon's reported C3Q15 results in addition to China Mobiles subscriber data for the month of September.

Rakers highlighted:

While Verizons press release / presentation again does not specifically... More

Internet Payments Expert Call Shows Paypal (PYPL) the Clear Leader Today but Competition on the Sidelines

October 20, 2015 8:46 AM EDT

Baird analyst Colin Sebastian recently hosted an expert conference call with Business and Payments Advisor Brian Roemmele. Key highlights: 1) PayPal (NASDAQ: PYPL) is the clear benefactor due to product and sales breadth; 2) Facebook (NASDAQ: FB) will explore online... More

Early Apple Music Results Appear Strong; FBR Reaffirms at 'Outperform' (AAPL)

October 20, 2015 8:22 AM EDT

FBR affirms its Outperform rating and $175 price target on Apple (Nasdaq: AAPL) following Apple Music commentary from CEO Tim... More

Apple (AAPL) CEO Cook Updates on Apple Music Metrics; Initial Conversion Rate at ~60%

October 20, 2015 7:10 AM EDT

Apple (Nasdaq: AAPL) CEO Tim Cook said that the company has 15 million people on its Apple Music streaming music service, with 6.5 million paying subs.

News comes from commentary at the... More

New iPhone helps pull round Taiwan's falling export orders

October 20, 2015 6:49 AM EDT

By Liang-Sa Loh and Roger Tung

TAIPEI (Reuters) - Taiwan's export orders fell by far less than expected in September as the launch of Apple Inc's (NASDAQ: AAPL) latest iPhones boosted demand for the island's signature technology goods.

It was the sixth consecutive monthly fall, but the better than expected showing - export orders fell 4.5 percent compared with a Reuters poll forecast for a 12.7 percent drop - could signal the start of a turnaround for a struggling tech sector.

Taiwan's export orders are seen as a leading indicator of... More

Apple Music hits 6.5 million paid users: Tim Cook

October 20, 2015 12:43 AM EDT

By Julia Love

(Reuters) - Apple Inc's (NASDAQ: AAPL) new music streaming service has netted more than 6.5 million paid users, the tech giant's Chief Executive Officer Tim Cook said on Monday.

Speaking at a technology conference organized by The Wall Street Journal in Laguna Beach, Calif., Cook said that an additional 8.5 million people are participating in a free trial of the Apple Music service. That gives it more than 15 million users in total, which Cook described as a successful debut.

"I'm really happy about it,... More