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New report shows Samsung’s Galaxy S24 Series is dominating AI smartphone market
May 30, 2024 12:57 PM EDTAccording to a report from Counterpoint Research, Samsung's Galaxy S24 Series dominated the generative AI-capable smartphone market in the first quarter of this year.
The firm said the latest research from its Global Handset Model Sales Tracker shows GenAI-capable smartphones contributed 6% to global smartphone sales in Q1 2024, a... More
Citi Reiterates Buy Rating on NVIDIA (NVDA)
May 29, 2024 9:19 AM EDTCiti analyst Atif Malik reiterated a Buy rating and $1,260.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "Mercury Research released 1Q24 graphics data yesterday. While the data is backward-looking, on a Q/Q basis, NVDA GPU revenue share was down 40bps (93.5%)... More
Apple: Evercore weighs on the impact EU DMA Implementation has on App Store
May 29, 2024 7:00 AM EDTEvercore ISI recently evaluated the effects of Apple's (NASDAQ: AAPL) compliance with the European Union's Digital Markets Act (DMA) on App Store sales.
Despite significant regulatory changes implemented in early March, their analysis indicates minimal impact on revenue from the EU App Store, which accounts for approximately $1.2... More
Evercore ISI Reiterates Outperform Rating on Apple (AAPL)
May 29, 2024 5:16 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "The Chinese smartphone market was up ~29% y/y in April, a notable improvement vs the -5.5% reported in March. CAICT data suggests MNC shipments (read: Apple) were up ~52% y/y (total 3.5M units) an acceleration vs the +12% reported in March. There is likely an element of refilling the... More
