Atlantic Equities Reinstates Apple (AAPL), Upgrades to Overweight; 'Product business underappreciated'
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Active options: AAPL SNAP TSLA INTC AMD FB AAL GE AMZN BAC
October 26, 2020 4:00 AM EDTActive options: AAPL SNAP TSLA INTC AMD FB AAL GE AMZN BAC
... MoreApple supplier Luxshare unnerves Foxconn as U.S.-China feud speeds supply chain shift
October 25, 2020 11:04 PM EDTBy Yimou Lee and Josh Horwitz
TAIPEI/SHANGHAI (Reuters) - Apple's (NASDAQ: AAPL) top iPhone assembler, Taiwan-based Foxconn, has set up a task force to fend off the growing clout of Chinese electronics manufacturer Luxshare, which it believes poses a serious threat to its dominance, three sources with knowledge of the matter said.
The project was initiated by Foxconn's founder Terry Gou, according to one of the sources, to target Dongguan-based Luxshare , which is little-known internationally but is poised to become the first mainland China-headquartered firm to assemble iPhones - a turf until... More
Active options: AAPL SNAP TSLA INTC AMD FB AAL GE AMZN BAC
October 23, 2020 3:38 PM EDTActive options: AAPL SNAP TSLA INTC AMD FB AAL GE AMZN BAC
... MoreApple (AAPL) call put ratio 1.7 calls to 1 put
October 23, 2020 12:43 PM EDTApple (NASDAQ: AAPL) call put ratio 1.7 calls to 1 put
Active options: AAPL TSLA SNAP INTC AMD BAC AAL GE NIO AMZN
October 23, 2020 11:07 AM EDTActive options: AAPL TSLA SNAP INTC AMD BAC AAL GE NIO AMZN
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October 23, 2020 4:24 AM EDTActive options: AAPL TSLA SNAP GE BAC NIO FB AAL T INTC
... MoreHuawei ekes out third-quarter revenue growth as U.S. restrictions bite
October 22, 2020 11:05 PM EDTBy Josh Horwitz and David Kirton
SHANGHAI (Reuters) - Huawei Technologies Co Ltd eked out a gain in third-quarter revenue as the impact of the COVID-19 pandemic added to supply-chain difficulties brought about by U.S. restrictions on doing business with the Chinese firm.
The figure comes a day after the telecommunications equipment maker announced its latest flagship smartphone, potentially its last in the high-end Android segment most dependent on U.S. technology.
It also comes after Sweden became the latest nation to ban Huawei from its fifth-generation (5G) network infrastructure, following U.S. suspicion of Huawei's... More
Increasing option volume: AAPL TSLA SNAP GE BAC NIO FB AAL T
October 22, 2020 3:50 PM EDTIncreasing option volume: AAPL TSLA SNAP GE BAC NIO FB AAL T
... MoreApple (AAPL) Mentioned Positive at Midwest Boutique
October 22, 2020 9:33 AM EDTApple (NASDAQ: AAPL) was mentioned positive at Cleveland Research, as they raised FY21 assumptions on iPhone 12 pre-orders and favorable sell-through across their portfolio.
... MoreMorgan Stanley: Apple (APPL) iPhone sales could miss expectations in Q4, but lead times suggest continued outperformance
October 22, 2020 9:30 AM EDTMorgan Stanleys Katy Huberty says that Apple's (NASDAQ: AAPL) iPhone sales could miss consensus expectations in the September quarter, although she forecasts an acceleration in Product (ex-iPhone) & Services revenue.
iPhone 12 sales are expected to continue the short-term momentum for Apple, Huberty writes in todays note to clients. Still, the aggressive consensus on iPhone sales doesnt "fully account for the lack of new products in the quarter, which typically account for as much as 47% of iPhone sales in F4Q."
The analyst, who maintained an Overweight rating and $136.00 price target,... More
Apple expands 'Express' retail store format ahead of holiday season
October 22, 2020 7:04 AM EDTBy Stephen Nellis
(Reuters) - Apple Inc (NASDAQ: AAPL) is expanding a new physical store format as it tries to get iPhone 12 models into customers' hands, its retail chief told Reuters in an interview.
The new "Express" stores come as COVID-19 rates are rising around the United States and Europe. The new format has a wall built in front of the main store with sales counters protected by plexiglass and a few shelves of accessories such as phone cases and AirPods. Customers make an appointment to pick up orders placed online or interact with Apple's... More
LG Display swings to profit on new iPhone, says Huawei impact 'manageable'
October 22, 2020 3:07 AM EDTBy Heekyong Yang and Hyunjoo Jin
SEOUL (Reuters) - South Korea's LG Display Co Ltd on Thursday reported a profit for July-September, ending a six-quarter run of loss, helped by shipments for Apple Inc's (NASDAQ: AAPL) new iPhone and stay-at-home trends boosting panel demand for TVs and laptops.
LG Display expects rising panel shipments and sales in the current quarter as well and suggested it has pushed back plans to phase out all of its domestic liquid crystal display (LCD) TV panel production by year end to respond to TV... More
