Tag Archives: aapl

Apple gets a Carl Icahn bounce, other upbeat reports

Apple (AAPL) stock rose Wednesday after the consumer electronics company received two upbeat analyst reports and an endorsement from billionaire investor Carl Icahn. Shares were up 1.5%, near 129, in afternoon trading on the stock market today. Activist investor Icahn said in a Twitter post Wednesday that Apple represents the same opportunity for investors that Netflix (NFLX) offered several years ago. Meanwhile, Morgan Stanley analyst Katy Huberty on Wednesday reiterated her overweight rating and 166 price target on Apple stock. Her checks indicate strong iPhone and Apple Watch demand for the June quarter, she said. “We expect strong iPhone builds to drive positive EPS revision and multiple expansion as we approach the (iPhone) 6S launch,” she said in a research report. For the June quarter, Huberty is expecting iPhone sales of 50 million units, but strong demand could push that to 53 million. And Apple Watch demand is “sustaining after…

Apple Retakes Key Level As Music Hits High Note

Apple (AAPL) was able to retake a key level in the stock market today, lifted by positive comments about its new music streaming service. At the New Music Seminar on Wednesday, music industry leaders talked about how Apple Music may help boost the industry’s flagging revenue. The seminar’s founder says that if Apple can convert 200 million free-trial customers into subscribers, the tech giant could potentially triple the growth of streaming. Apple

Synaptics rocked by Apple iPhone chip report

Synaptics (SYNA) stock has been hammered by reports that Apple (AAPL) is internally developing an integrated touch controller/display driver (TDDI) chip for use in future iPhones. Synaptics, a leader in touch interface technology, has been pushing TDDI integrated circuits as a key growth driver. Renesas SP Drivers, recently acquired by Synaptics, has been a longtime iPhone supplier. Apple’s homegrown TDDI chip also will have an integrated fingerprint sensor, DigiTimes reported Monday. Synaptics has been working on an integrated fingerprint-TDDI system since it acquired Validity Sensors in November 2013. By using one chip with touch controller, display driver and fingerprint sensor technology, Apple could make an iPhone without a physical home button, DigiTimes said. The first iPhone without a home button likely is more than two years away, a source told AppleInsider. The elimination of the home button would be a radical redesign to the iPhone,…