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Apple (AAPL) PT Raised to $177 at Morgan Stanley; Retention Rate Rise into Supercycle

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Wells Fargo Maintains Market Perform Rating and $140 PT on Apple (AAPL) on Potential Impact from Qualcomm's (QCOM) Litigation Against Contract Manfacturers

May 17, 2017 11:51 AM EDT

Wells Fargo maintains Market Perform rating and $140 price target on Apple (NASDAQ: AAPL) following announcement that Qualcomm (NASDAQ: QCOM) filed a complaint against Foxconn, Pegatron, Wistron, and Compal four manufacturers of Apples iPhones and iPads for breaching its... More

Qualcomm (QCOM) Confirms Filling of Breach of Contract Complaint Against Apple's (AAPL) Manufactures for Non-Payment of Royalties

May 17, 2017 7:35 AM EDT

Qualcomm Incorporated (NASDAQ: QCOM) today filed a complaint in the United States District Court for the Southern District of California against FIH Mobile Ltd. and Hon Hai Precision Industry Co., Ltd., (together known as Foxconn), Pegatron Corporation, Wistron Corporation, and Compal Electronics, Inc., the four manufacturers of all Apple iPhones and iPads sold worldwide, for breaching their license agreements and other commitments with Qualcomm and refusing to pay for use of Qualcomm's licensed technologies. Qualcomm seeks an order that would require the defendants to comply with... More

Apple (AAPL) Assembles First iPhones in India - WSJ

May 17, 2017 7:04 AM EDT

Wall Street Journal reporters Rajesh Roy, Newly Purnell and Tripp Mickle note that Apple (NASDAQ: AAPL) has completed production of it's first iPhone in India, as the company looks to enter the fast-growing market.

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Apple (AAPL) PT Raised to $170 at BMO Capital; Sees Room for Continued Multiple Expansion

May 16, 2017 6:15 PM EDT

BMO Capital analyst Tim Long raised his price target on Apple (NASDAQ: AAPL) to $170.00 (from $160.00) while maintaining an Outperform rating.

Long said while the stock has closed the valuation gap with the market, they believe there is a historical precedent for... More