Tag Archives: aapl

Apple’s March-quarter iPhone guidance an overhang for stock

Two weeks before Apple’s (AAPL) next quarterly earnings report, Wall Street analysts are still busy lowering their estimates for iPhone sales for upcoming quarters. Piper Jaffray analyst Gene Munster on Monday lowered his estimates for iPhone sales for the March and June quarters based on negative data points from Apple’s Asian suppliers. Munster cut his iPhone sales estimates to 55 million units from 62.5 million in the March quarter and to 45

Tech A ‘Victim,’ Apple Still A Buy, Says BMO Capital

Technology stocks have been a “victim” of profit-taking early in 2016, says BMO Capital Markets, which expects the S&P 500 index, now trading near 1,900, to rebound to 2,100 by year-end. Among tech stocks rated outperform by BMO are Apple (AAPL), Google-parent Alphabet (GOOGL), Cisco Systems (CSCO), chipmaker Texas Instruments (TXN) and Visa (V), which has been innovating in online and mobile payments. Amid the broad market sell-off this month,

Apple iPhone Hit Bruises Avago, Texas Instruments

Texas Instruments (TXN) and Avago Technologies (AVGO) became Apple ‘s (AAPL) latest victims Tuesday, as Wall Street slashed the chip suppliers’ earnings estimates on presumed iPhone shipment weakness. Canaccord Genuity analyst T. Michael Walkley and RBC Capital analyst Amit Daryanani also lowered their views on iPhone shipments for 2016 and the March quarter, respectively. Walkley sees 219 million units in 2016, vs. his earlier call for 231