SanDisk (SNDK) stock shot up 12% in late trade Tuesday on reports it is putting itself up for sale. Micron Technology (MU) and Western Digital (WDC) are seen as possible buyers. The buzz comes as chip M&A activity has heated up, with some major deals. SanDisk, which has struggled in the past two years as sales to Apple (AAPL) have waned, has hired a bank to advise on a possible sale, sources told Bloomberg, which initially reported the story.
U.S. teens still love Apple (AAPL), but they’re like so over GoPro (GPRO), according to a new survey. Piper Jaffray surveyed 9,400 teens nationwide for its semiannual Taking Stock With Teens poll. It released the results late Tuesday. Apple iPhone ownership and purchase interest remain high among teens, the investment bank said. The fall survey showed that 67% of U.S. teens own an iPhone, up from 66% in the spring. Also, 74% of teens expect their
Apple (AAPL) on Tuesday gave its desktop computer lineup a refresh with ultra-high-definition 4K and 5K displays. Apple updated its entire iMac family and started selling the new computers in its stores, online and through select resellers. The new iMacs feature more powerful processors and graphics as well as redesigned keyboards, mice and track pads. The 21.5-inch iMac is available in three models starting at $1,099, $1,299 and, with a Retina 4K