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Encouraging iPhone Data Leads PacCrest To Lift Apple's Price Target
Tuesday, April 4, 2017 - 10:24am | 355Pacific Crest Equity Research Analyst Andy Hargreaves maintained an Overweight rating on Apple Inc. (NASDAQ: AAPL) with a price target boosted from $140 to $150 after conducting iPhone related checks. According to Hargreaves' checks with Apple's suppliers, the iPhone maker could place...
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Goldman Highlights Positive iPhone Data Out of China, Taiwan
Wednesday, March 15, 2017 - 2:47pm | 422Apple Inc. (NASDAQ: AAPL) was trading at its highest levels ever on Wednesday after analysts at Goldman Sachs came out with a positive report on the company's outlook. Goldman Sachs' analyst Simona Jankowski said in a report checks from Apple's supply chain bode well for iPhone sales in...
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Apple Said To Cut iPhone Production In Q1: Nikkei
Friday, December 30, 2016 - 1:36pm | 255Shares of Apple Inc. (NASDAQ: AAPL) were trading lower by nearly 1 percent on Friday following a concerning report from Nikkei Asian Review. According to the publication, Apple is expected to cut back production of its iPhone devices by around 10 percent in the first quarter of 2017. Citing...
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This Apple Component Supplier Warned Of Sharply Lower Profits
Wednesday, October 19, 2016 - 12:52pm | 346Laird PLC, a UK-based global technology company that provides systems, components and solutions to protect electronic devices from electromagnetic interference and heat, saw its London-listed stock crash nearly 50 percent on Wednesday after issuing a profit warning. Laird happens to be a...
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Strength In Apple Shares Not Translating To Its Suppliers And Carriers
Tuesday, September 13, 2016 - 11:20am | 468Conventional wisdom dictates if Apple Inc. (NASDAQ: AAPL)'s stock gains on strong iPhone 7 pre-order commentary, then the wireless carriers and suppliers might also see their stocks move higher. Tuesday's trading action should serve as another reminder of how unpredictable the stock...
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Spike In Apple's Component Orders Could Signal Co. Believes iPhone 7 Sales Will Outperform
Tuesday, September 6, 2016 - 11:06am | 331Apple Inc. (NASDAQ: AAPL) could be sending investors a clear signal it is expecting strong sales for its soon-to-be-announced new iPhone. According to DigiTimes, Apple reportedly boosted its parts and components order higher by 10 percent. The publication, citing "sources from the iPhone supply...
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Pacific Crest Recommends Apple Stock, But Still Wary Of Its Suppliers
Friday, August 26, 2016 - 1:56pm | 424Andy Hargreaves of Pacific Crest laid out the case for investors to hold an Overweight position in Apple Inc. (NASDAQ: AAPL), but hold a cautious view towards the companies that make up Apple's supply chain. Hargreaves noted that easing comps and increased replacement volumes should yield...
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iPhone 7 Risks Lead PacCrest To Downgrade Cirrus Logic And Skyworks Solutions
Tuesday, July 5, 2016 - 10:32am | 413Michael McConnell of Pacific Crest isn't bullish on Apple Inc. (NASDAQ: AAPL)'s iPhone 7 outlook, which prompted him to downgrade several names that take part in the company's supply chain. According to McConnell's discussions with multiple supply-chain partners in Asia, the iPhone 7 demand is...
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A Big Apple Supplier Says iPhone Maker Is A 'Little More Conservative Placing Orders This Year'
Tuesday, June 28, 2016 - 9:10am | 201According to a report by Asia Nikkei Review, a major supplier to Apple Inc. (NASDAQ: AAPL) issued a concerning remark that shareholders should listen to. Advanced Semiconductor Engineering, a key member of Apple's supply chain and the world's largest chip assembler and tester, said on Tuesday that...
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Is Apple's Turnaround Real?
Monday, May 23, 2016 - 4:24pm | 252Taiwan's stock exchange spiked higher on Monday, led by notable technology names that count themselves as key members of Apple Inc. (NASDAQ: AAPL)'s supply chain. Taiwan's Economic Daily reported Apple told its suppliers to prepare for a total production run of 72 to 78 million smartphones —...
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Taiwan's Stock Market Surges Following Reports Apple Supply-Chain Manufacturers Told To Expect Massive iPhone 7 Output
Monday, May 23, 2016 - 8:45am | 217Taiwan's stock exchange jumped higher on Monday as the country's main index, the TSEC, gained 2.62 percent. Investors were buying high tech stocks and key members of Apple Inc. (NASDAQ: AAPL)'s supply chain after Taiwan's Economic Daily said that suppliers to the iPhone 7 device were told to...
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Inside Apple's Pegatron Supply Chain In Shanghai
Monday, April 25, 2016 - 3:13pm | 275Bloomberg was offered an exclusive look at one of Apple Inc. (NASDAQ: AAPL)'s factories that has come under fire for forcing its employees to work long and grueling hours. The factory, owned and operated by Pegatron, collaborated with Apple to adopt new procedures to fix its labor related...
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Report: Foxconn 'Detailed Its Offer' To Acquire Sharp
Wednesday, January 27, 2016 - 12:47pm | 185Foxconn, a major manufacturer of Apple Inc. (NASDAQ: AAPL) products, has submitted an offer to acquire the troubled electronics maker Sharp. According to Reuters, Taiwan-based Foxconn has detailed an offer to acquire the Japan-based Sharp. The publication, citing "a person with direct...
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Are Apple's Suppliers Hinting Of Poor iPhone Demand?
Friday, January 22, 2016 - 12:50pm | 188According to a report by Reuters, some of Apple Inc. (NASDAQ: AAPL)'s key members of its Asian supply chain are expecting their revenues and orders to fall this quarter. Reuters, citing "industry executives," added that Apple's latest iPhone did not have enough compelling...
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Report: Apple iPhone 6s And 6S Plus Supply Chain Related Orders To Fall 10 To 30% In Q1
Friday, January 8, 2016 - 12:06pm | 208According to DigiTimes, a daily newspaper for semiconductor, electronics, computer and communications industries in Taiwan, reported on Friday that various key companies that make up Apple Inc. (NASDAQ: AAPL)'s supply chain are anticipating a 10 percent to 30 percent decline in orders for their...