Cowen Trims PT, Ests on Apple (AAPL) Following Supplier Updates

Piper's Munster Lowers Apple (AAPL) Estimates; Remains Top Pick

Piper Jaffray analyst Gene Munster lowered estimates on Apple (NASDAQ: AAPL) but said the stock remains its top pick for 2016.

The firm is lowering Mar-16 iPhone estimates to 55M from 62.5M and June from 48.5M to 45M due to the collection of negative data points from Apple... More

Canaccord Genuity Maintains Buy After Qorvo's (QRVO) Miss

Canaccord Genuity analyst, Michael Walkley, maintains his Buy rating after Qorvo Inc (NASDAQ: QRVO) big miss but drops his price target to $62 from $77.

Qorvo pre-announced much lower than anticipated preliminary Q3/F'16 results due to weaker sales in its mobile products... More

Canaccord Genuity Believes Soft Orders From Apple (AAPL) Could Hurt Skyworks Solutions (SWKS) - Cut PT to $110

Canaccord Genuity reiterated a Buy rating on Skyworks Solutions (NASDAQ: SWKS), and cut the price target to $110.00 (from $120.00), as Apple (NASDAQ: AAPL) anticipates softer 1H/C2016 iPhone and overall smartphone sales. Canaccord believes that the reduced orders from Apple near the end of the December quarter, combined with ongoing weak global smartphone sales trends, could create a greater... More

Canaccord Genuity Cuts Estimates, PT on Apple (AAPL)

Canaccord Genuity analyst T. Michael Walkley lowered estimates and his price target on Buy-rated Apple (NASDAQ: AAPL) to $146.00 (from $160.00) on softer than anticipated 1st-half iPhone and overall smartphone sales.

Walkley commented, "Given weak trends from suppliers into iPhones and the smartphone market combined with our global smartphone work suggesting flat to slightly down global Q4/2015 smartphones sales, we are... More

Apple (AAPL) Supplier Warnings Suggest March Quarter Unit Weakness - RBC Capital

RBC Capital analyst Amit Daryanani weighed in on Apple (NASDAQ: AAPL) two key AAPL suppliers - Cirrus Logic and Qorvo - warned after the close. This suggests weakness will be seen in the Mar-qtr for Apple units.

Cirrus Logic, who provided preliminary... More

Apple (AAPL) Could See Double-Digit iPhone Shipment Decline in Q1

Apple (Nasdaq: AAPL) is on watch following another cautious report out Friday.

Digitimes sees iPhone shipments dropping 5.2 to 10.1 percent in CQ116 on weaker-than-expected... More

Pacific Crest Upgrades Cirrus Logic (CRUS) to Overweight on Noise-Canceling Earbuds Opportunity in iPhone 7

Pacific Crest upgraded Cirrus Logic (NASDAQ: CRUS) from Sector Weight to Overweight with a price target of $40. Analyst John Vinh highlighted the recent pullback in the stock, reset expectations, and takeaways from CES related to confidence in the noise-canceling earbud opportunity in the iPhone 7.

"Given takeaways from CES and a pullback in the stock, we... More