Tag Archives: aapl

Apple, Netflix, GameStop score well in U.S. teen survey

A survey of U.S. teenagers by Piper Jaffray bodes well for Apple, Netflix and GameStop. Piper Jaffray interviewed about 7,200 high school students nationwide for its 28th semi-annual teen survey. Among other things, the survey showed that teens continue to love the Apple (AAPL) iPhone and iPad, but aren’t that interested in the company’s upcoming Apple Watch smartwatch. The iPhone remains the top smartphone among teens, with 67% market share in the fall survey. That’s up from 61% in Piper Jaffray’s spring survey. Apple’s share gain from the spring came almost entirely at the expense of Google (GOOGL) Android devices, which lost five percentage points, Piper Jaffray analyst Gene Munster said in a report late Tuesday. “We also note that 73% of teens stated that they expect their next phone to be an iPhone and thus there remains continued upside to Apple’s share in teen smartphones,” Munster said. Meanwhile, Apple…

Apple Pay could slay PayPal, other newbies in mobile e-wallets

Apple’s mobile e-payment service Apple Pay presents no major threat to the big credit card companies, but it’s likely to be highly disruptive to emerging players in the field, at least in the U.S., investment bank Morgan Stanley said in a report Tuesday. Apple (AAPL) has partnered with major credit card companies American Express (AXP), MasterCard (MA) and Visa (V) on Apple Pay. The Apple Pay technology in iPhone 6 series smartphones and the Apple Watch should help advance standardization of the mobile payments infrastructure, the report says. Apple Pay uses near-field communications (NFC) chips to let people make retail payments by touching their mobile device rather than swiping a credit or debit card. In the U.S., Apple Pay is “highly disruptive” to newer players in the market, which have had trouble getting traction, Morgan Stanley said in its report, titled “Mobile Payments Blue Paper Revisit: Apple Pay in Focus.”…

Apple picks the bones of sapphire maker GT Advanced Tech

Apple (AAPL) is poised to pick the bones of GT Advanced Technologies as the sapphire glass supplier goes through Chapter 11 bankruptcy reorganization. Apple had structured a supplier agreement with GT (GTAT) that was heavily in its favor. It likely will take possession of the sapphire furnaces it funded and also get access to GT intellectual property that will allow it to produce sapphire display covers on its own. “Last fall when GT (GTAT) announced its deal to supply sapphire to Apple (AAPL), we were concerned that the terms were overly favorable for Apple and potentially hazardous for GT,” Pacific Crest analyst Weston Twigg said in a research note Monday. “Red flags emerged last quarter as GT wasn’t on track to meet its obligations to Apple.” GT is now obligated to start repaying Apple about $22 million per quarter beginning Q1 2015, he said. But Apple is not obligated to buy sapphire…