Morgan Stanley raised its price target on Apple (AAPL) stock, citing iPhone market-share gains in China, and said wireless firms Verizon Communications and T-Mobile will likely get a boost from iPhone demand. Analyst Katy Huberty raised her price target on Apple to 162 from 155. Apple stock was flat in midday trading in the stock market today, near 112. Based on a consumer survey, Morgan Stanley said global smartphone sales remain strong despite
The pressures that have slowed tech growth this year will show up again when Q3 earnings season begins in earnest on Tuesday, when chip leader Intel (INTC) reports. The consensus estimate for the 68 tech companies in the S&P 500 is for earnings-per-share growth to average just 2.4% from the year-earlier quarter. That’s despite an expected huge quarter of 32% EPS growth from the biggest company of all, Apple (AAPL). Tech companies have long been
Wall Street pitted No. 1 chipmaker Intel (INTC) against Apple (AAPL) chipmaker Qualcomm (QCOM) on Friday in a battle for data-center market share. The clash comes as Intel, after the close Tuesday, is expected to report roughly in-line Q3 revenue and an 11% decline in earnings per share ex items vs. the year-earlier quarter. Santa Clara, Calif.-based Intel has owned the market for chips that power data-center servers, Richard Windsor, an analyst