Tag Archives: aapl

Broadcom ‘Story Played Out,’ NXP To Lead Apple Sphere

NXP Semiconductors (NXPI) topped a Sanford C. Bernstein analyst’s 2016 chipmaker picks, as Apple (AAPL) supplier Broadcom (BRCM) got a downgrade ahead of its $37 billion acquisition by Avago Technologies (AVGO). Apple chip stocks were generally down Thursday, a fourth consecutive rough day for the stock market. In early afternoon trading on the stock market today, NXP and Qualcomm (QCOM) stocks were among the hardest-hit chip stocks, down 4.2% and

Apple Seen Teaming With Tesla, Google With Ford

An idea is gaining speed: the idea thatApple (AAPL) will partner with Tesla (TSLA), and Alphabet (GOOGL)-owned Google with Ford (F), in developing driverless car technology. While Apple and Google have advantages in innovative technology, they lack the manufacturing expertise and facilities of traditional automotive companies that can move R&D projects to commercial realities, says a new report from Thomson Reuters. Reports surfaced in late

Apple record App Store sales fail to halt stock slide

Apple (AAPL) said its App Store raked in $20 billion in 2015, shy of at least one forecast, as worries over disappointing iPhone sales, rising inventory in China and production cuts again pressured the stock. Market research firm Strategy Analytics in October estimated that Apple’s App Store billings would hit $20.6 billion in 2015. Apple, which shares revenue with app developers, keeps 30% of App Store sales from digital purchases. In April,