Tag Archives: aapl

Akamai Stock Surges On Q4 Beat, Outlook Tops Views

Akamai Technologies (AKAM) reported Q4 results that beat consensus estimates and forecast current quarter profit and revenue above views, despite the expected negative impact of a contract renegotiation with Apple (AAPL). Shares in Cambridge, Mass.-based Akamai, the biggest provider of CDN (content delivery network) services to media and entertainment companies, popped 16% in early trading in the stock market today. Akamai’s computer servers store

ARM focused on outpacing smartphone market growth

U.S. shares of ARM Holdings, the designer of low-power chips used in smartphones, tablets and other devices, recovered some ground Wednesday as investors reconsidered the company’s prospects after its fourth-quarter report Tuesday. Wall Street was spooked by ARM ‘s (ARMH) report of slowing growth of the high-end smartphone market. Its stock tumbled nearly 11%, but retraced its steps, ending Tuesday down 4% to 43.80. On Wednesday, ARM’s U.S. shares rose 1.5% to 44.44. Antonio Viana, president of ARM’s commercial and global development, said investors need to look at ARM’s overall smartphone business, not just the premium handset segment, which is dominated by players like Apple (AAPL) and Samsung. “The sex appeal is definitely on the premium smartphone side and that’s what garners a lot of attention,” Viana told IBD. “From our vantage point, however, even if premium smartphones grow at a rate of 5% instead of 8%, we still look at…

Apple iWatch Sales Seen Hot, Mobile Payments Possible

Apple (AAPL) could reap up to $17.5 billion in revenue in the first year of iWatch sales, says a bullish Morgan Stanley report, which says that consensus estimates don’t take into account possible new revenue sources tied to the rumored wearable device. “We think iWatch will set a new record for shipments in the first 12 months post launch,” wrote analyst Katy Huberty, who has an overweight rating on Apple’s stock. “While the use cases of an