Pandora Media (P) rode accelerating mobile growth to a Q2 beat late Thursday, but the real proof of whether the top Internet music firm can outrun Apple ‘s (AAPL) new music service remains to be seen, says an analyst. For now, though, investors are heartened. Pandora stock was up 15.5% in midday trading in the stock market today, near 16. Still, Pandora stock is down 57% this year and nearly 80% below its December 2013 all-time high, in the face
Apple (AAPL) chip supplier Skyworks Solutions (SWKS) got several price target increases Friday after reporting fiscal Q3 earnings that topped Street estimates and guiding above expectations for this quarter. Pacific Crest Securities analyst John Vinh, in a research note Friday, increased his target price on Skyworks stock to 120 from 110, citing “increasing content on the (Apple) iPhone 6S and improving Chinese demand.” “Skyworks expects to see
Apple (AAPL) and Chinese rivals Huawei and Xiaomi outpaced the overall smartphone market in the second quarter and gained market share. Meanwhile, No. 1 vendor Samsung was the only top smartphone maker to post a year-over-year unit shipment decline, research firm IDC said Thursday. South Korea-based Samsung led the smartphone market by a comfortable margin in Q2, but saw its shipments decline 2.3% year over year to 73.2 million units. Its