So how’s my “Tech is back” call (and picks of SWKS and CRUS) doing?
On October 8 I wrote “Tech is back” led by fact-based speculation that Apple (AAPL) had asked supplier to increase production of components for the iPhone 11 by 10%. That, obviously, was a good sign for Apple, which is set to announce earnings on October...
Apple sketches in September product launches–will they be enough?
Two big clouds of doubt hover over shares of Apple (AAPL). First, will the continuing U.S.-China trade war take another bite out of Apple’s China revenue? And/Or disrupt Apple’s China supply chain, saddling the company with higher tariffs on its made in...
Justice Department to step up antitrust scrutiny of Facebook, Alphabet, Amazon and Apple
According to the Wall Street Journal this afternoon, the Justice Department is opening a broad antitrust review into whether dominant technology firms are unlawfully stifling competition. “The new antitrust inquiry is the strongest signal yet of Attorney General...
In the shortish short term does anything matter for U.S. financial markets except for the Fed?
Think about it this way: The bulk of investors and traders believe that the Federal Reserve will cut interest rates at both the July 31 and September 18 central bank meetings. A significant minority believes that the Fed will deliver more than just two 25 basis point...
Apple contemplates moving some production from China–but not back to the United States
President Donald Trump has argued that slapping higher tariffs on Chinese goods exported to the United States would bring jobs back to this country–if China didn’t agree to a new trade deal–as companies moved factories in order to avoid the higher...
Chip recovery keeps slipping further away, Broadcom says
Today Broadcom (AVGO) cut its annual sales forecast, saying that the U.S.-China trade war will wipe out the rebound in orders that it had predicted for the second half of 2019. Revenue at the chipmaker for fiscal 2019 will be $22.5 billion instead of the $24.5 billion...
Why did Apple settle with Qualcomm now? Can you say 5G?
Why did Apple (AAPL) settle a dispute that had dragged on for two years with Qualcomm (QCOM) now? How about because troubles at Intel (INTC) threatened to leave Apple without the 5G modem chips it needed for a new 5G iPhone? And that threatened to put Apple a year or...
Apple meeting lowered earnings, revenue expectations–and then guides lower for next quarter
Goes to show you that if you lower expectations enough, you can beat them when you actually report earnings. Even if the earnings report itself is bad news. After the close of the New York market today, Apple (AAPL) reported December quarter earnings of $4.18 a share...
Apple cuts revenue forecast, drops 7.6% in after-hours trading
Will Apple’s (AAPL) warning spook stocks tomorrow, Thursday, January 3, to a degree that bad economic news out of China didn’t today? After the close in New York Apple CEO Tim Cook dramatically lowered the company’s estimates for sales in the...
How could Apple be so stupid?
Let’s see. You’re a company running into serious global headwinds in a maturing (or mature market) that are raising huge doubts about your ability to increase unit sales quarter to quarter for your core product. You: a) Grimly admit that unit sales are...
The two minor–but very important–flaws in Apple’s great quarter
If Apple (AAPL) hadn’t climbed to become the first $1 trillion company by market cap, these flaws probably wouldn’t be worth talking about. But when investors and traders have driven a stock’s valuation up to these levels–in clear anticipation...
Apple’s Worldwide Developers Conference focuses on catching up and differentiation
The keynote that opened Apple’s (AAPL) Worldwide Developers Conference (June 4 through 8) walked a tough balancing act between admitting that Apple needs to catch up with competitors in some areas (Poor Siri) and introducing stuff that will differentiate Apple from...
Apple beats on earnings; iPhone sales of 52.2 million slightly below consensus of 52.3 million units
It wasn’t a big beat and iPhone sales weren’t wildly above consensus, but such was the fear and skepticism surrounding Apple (AAPL) that shares rose 3.61% in trading after the earnings announcement. Â The company reported earnings of $2.73 a share, five...
Siri hire from Google latest sign of Apple’s new aggressiveness
Yesterday Apple (AAPL) announced that it had hired John Giannandrea, the architect behind Google Assistant, to take its Siri digital assistant from disappointing to amazing again. (Or at least to make it a credible challenger to Amazon’s Alexa and Google...
Apple gets a two-pronged roasting and the stock stumbles
Apple (AAPL) is getting hit from two directions in the closing days of 2017. On the negative news Apple fell 2.5% yesterday, December 26. The shares rebounded very slightly–0.02%–today. The first bad news came yesterday as analysts cut their estimates for...
Apple to buy Shazam: Now that’s one great move
Today Apple (AAPL) announced that it would buy Shazam for a price that Recode estimates is around $400 million. How do I like this deal? Let me count the ways. (Apple is a member of my long-term 50 Stocks portfolio.) First, in acquiring Shazam, Apple will get a huge...
Apple’s supplies of iPhoneX to be extremely limited at November launch, sales getting pushed into 2018?
Best explanation I’ve seen so far of the details of Apple’s (AAPL) problems with the iPhoneX comes from KGI Securities analyst Ming-Chi Kuo. That report was summarized on MacRumors.com last night. According to the KGI report, the biggest hurdle has likely...
Wall Street starts to pick at the new iPhones–and at Apple shares
Wall Street has started to pick at the details of Apple’s (AAPL) September 12 iPhone event. And it’s not liking all the details on second (or third) look. Apple’s shares finished down 0.86% today, September 14. Apple has closed lower in all three...
How will Apple’s new iPhone match up with the competition from Samsung’s Note 8? Here’s what we know
I’m on vacation until September 6. I wrote this post on August 25 before I left. Back on August 24 I wrote a post rating the snazz of the new Note 8, the top of the line smartphone that Samsung had just introduced. The Note 8, I wrote, set the bar for the high...
Apple’s newest China problem
If you use an Android smart phone in Beijing, you can just tap it to pay for a ride on the city’s transit system. An iPhone? Forget it. Apple’s Phone uses ApplePay. And the company doesn’t grant access to third-party apps like those from Yikatong...
Apple earnings solid enough to support tech sector
The big questions for Apple (AAPL) won’t be answered until this fall when investors get to see the new iPhone (and see how hot or not it is) and learn whether or not Apple’s suppliers are indeed having trouble manufacturing key components such as the OLED...
Samsung’s Galaxy S8 just got less dangerous for Apple
Back on April 3 I pointed to Apple 21 as the next big test for Apple (AAPL) shares. (Apple is a member of my long-term 50 Stocks portfolio.) That’s the date when Samsung’s new Galaxy S8 smartphone will go on sale. The S8 is critical to Samsung–the...
Next hurdle for Apple shares? April 21
Apple (AAPL) shares closed at $143.70 today, April 3, near the record high of $144.12 that the stock set on March 29. The stock, a member of my long-term 50 Stocks portfolio, since November 8, 20165, was up 24.07% for 2017 as of the April 3 close. (The shares are up...
Day 2 for Apple earnings leads to some market concern
Apple (AAPL) shares soared on Wednesday after the company announced December quarter earnings. And there was sure a lot to cheer about as I noted in my post on Apple’s results yesterday. The shares closed up $5.15 to $129. Today, though, was a day for mulling...
Apple plays the earnings game and wins–at least for today
All the headlines that I’ve seen after Apple (AAPL) reported earnings for the December quarter (first quarter of the 2017 fiscal year) after the market close today say that Apple beat Wall Street projections by 14 cents a share on earnings. Which sounds...
Skyworks gains big on earnings beat: What does this mean for the rest of the Apple ecosystem?
After the close today, January 19, Skyworks Solutions (SWKS), a supplier of chips for Apple’s (AAPL) iPhone announced that December quarter earnings had beaten analyst estimates by 3 cents a share. The results also beat on revenue. The company guided Wall Street...
Where will the next new device, the one after the smartphone, come from? Look inside Apple’s iPhone 7 for the answer
Today, I’m going to tell you why Apple’s (AAPL) iPhone 7 is way ahead in the race to build the next new device, the one that comes after the smartphone as it now exists. I think that leading position means you should add Apple stock to your long-term...
Apple earnings, revenue, and iPhone sales disappoint almost exactly as Wall Street had projected
Unfortunately for the price of Apple (AAPL) shares and for Apple shareholders, Wall Street estimates for the September quarter that Apple reported last night, October 25, were almost precisely on track. Apple beat earnings estimates by a penny, reporting $1.67 a...
Big test for Apple–and much of the rest of the tech sector–tomorrow with earnings
Apple (AAPL) is set to report earnings for the quarter that ended on September 30 (fiscal fourth quarter earnings for Apple) tomorrow after the market’s close. The stakes are higher than usual. Wall Street is forecasting that iPhone sales will be just 45 million...Jim’s Daily Email Alerts:
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