Tag Archives: aapl

3 Top Chipmakers Breach Key Levels, But One Is In Profit-Taking Zone

Loading the player… Chipmaker Mellanox Technologies ( MLNX ) is plunging in giant volume in the stock market today on the heels of disappointing guidance issued late Wednesday. Mellanox beat Q1 earnings and revenue expectations, but its Q2 revenue outlook widely missed expectations. Shares gapped below their 50-day moving average and neared the 200-day line in intraday trade, tumbling more than 12%. Let’s take a look at how some highly rated chip peers are doing: Cirrus Logic ( CRUS ), Inphi ( IPHI ), MaxLinear ( MXL ) and Silicon Motion Technology ( SIMO ). Apple ( AAPL ) supplier Cirrus Logic is falling 3.1% in quick turnover, dropping below its 50-day moving average. Shares are now trading 10% below their May high and a potential buy point from a long consolidation pattern. The drop comes ahead of Apple’s earnings report next Tuesday, where we’ll get a sense of the consumer tech giant’s iPhone production — which has an impact on its suppliers. Meanwhile, Apple shares fell 1.2% intraday. Inphi is dropping back below buy range from a cup base it initially broke out of about a month ago, losing 5.2%. Shares are still extended from a double-bottom entry but are now 10% below their April 1 high. MaxLinear is continuing its rebound today, rising 1.1%, after breaching its 50-day line in Tuesday’s session. On Wednesday, the company tightened its Q1 revenue guidance and raised its gross margin target. And Silicon Motion Tech hit another all-time high in above-average volume in intraday trade, paring its gains to a 0.6% rise by the afternoon. The stock is now in profit-taking zone, with a gain of more than 20% since breaking out of a long cup-with-handle base last month.

Amazon Tap Casts Apple Suppliers; Texas Instruments Leads Echo Dot

Amazon.com ( AMZN ) tapped Texas Instruments ( TXN ) to lead its “hockey-puck-sized” Echo Dot Alexa-infused speaker, and incorporated Apple ( AAPL ) suppliers Broadcom ( AVGO ) and NXP Semiconductors ( NXPI ) in its portable Tap stereo, iFixit teardowns show. But the teardowns did little to help chipmakers Thursday on Wall Street. Chip stocks were broadly down in afternoon trading on the stock market today , in conjunction with fractional dips for the major indexes. Texas Instruments won five chips — including a digital media processor —  inside the Echo Dot , but that total was skimmed down from eight chips inside the larger Echo . Also, Samsung succeeded SanDisk ( SNDK ) as the flash memory supplier. Echo Dot also features a DRAM (dynamic random-access memory) chip from Micron Technology ( MU ), apparently replacing a Samsung RAM chip in the Echo. Qualcomm ( QCOM ) re-won the Bluetooth function from the Echo. The smaller Echo Dot earned a six out of a best-possible 10 in its repairability rating, dropping from seven in the earlier Echo iteration. Amazon’s Tap won a seven out of 10. It’s Amazon’s first Alexa-equipped portable speaker vs. the Echo Dot and Echo, according to iFixit. Maxim Integrated Products ( MXIM ) topped the Tap with two chips — an audio codec and a power management chip. Texas Instruments supplied an amplifier. Apple suppliers Broadcom and NXP won a chip apiece — WiFi/Bluetooth and an applications processor, respectively. The device is powered by a lithium-ion cell, such as those used in Tesla Motors ( TSLA ) vehicles, iFixit notes. It provides for nine hours of music playback, according to Amazon, vs. the iPhone 6S Plus, which has “a battery with a similar output for a radically different job.”

Apple iPhone Keeps Samsung At Bay In U.S. Smartphone Market

Apple ( AAPL ) maintained its dominance in the U.S. smartphone market in the first quarter despite concerns about slowing iPhone sales, according to a survey by Consumer Intelligence Research Partners. Among brands, Apple had the highest share of smartphone activations in the U.S. in the March quarter at 40%, down from 41% in the December quarter, CIRP said Thursday. Samsung came in second with 37%, up from 36% in Q4 last year. A year ago, Apple trailed Samsung in U.S. smartphone activations. In Q1 2015, Samsung was tops with 37% of smartphone activations, followed by Apple with 28%, CIRP said. On an operating system basis, Apple’s iOS software trailed in U.S. smartphone activations in Q1 to Alphabet ‘s ( GOOGL ) Google Android operating system. Android claimed 57% of domestic smartphone activations across multiple vendors, compared with 40% for iOS, CIRP said. But Apple has gained significantly against Android since Q1 2015, when iOS had just 28% market share to Android’s 69%, CIRP said. “Apple had an improved competitive quarter compared both to the December 2015 and, even more, the March 2015 periods,” CIRP partner and co-founder Josh Lowitz said in a statement. “As a percentage of customers, Apple attracted more Android users than before.” CIRP based its latest findings on a survey of 500 U.S. consumers who activated a new or used phone in the January-March period. In-Line March Quarter Would Be Positive For Apple Apple is scheduled to report its March quarter results on Tuesday after the market close. It postponed the earnings release by a day so Apple executives could attend a memorial service for Silicon Valley leader and former Apple board member Bill Campbell , who died of cancer earlier this week. ITG Investment Research analyst Matthew Goodman on Wednesday boosted his forecast for iPhone sales in the March quarter to 50.7 million units on better-than-expected sell-through trends. That’s roughly in line with the consensus forecast of 50.2 million iPhone unit sales. Also Wednesday, Baird analyst William Power reiterated his outperform rating on Apple stock, with a price target of 130. Apple stock was down more than 1%, below 106, in afternoon trading on the stock market today . “We expect in-line fiscal Q2 results, though note our estimates are modestly below the Street,” Power said in a report. “More notably, we believe Street estimates are too high fiscal Q3 and fiscal Q4, particularly on the heels of recent procurement cuts.” Oppenheimer analyst Andrew Uerkwitz on Wednesday maintained his outperform rating on Apple stock with a price target of 120. “An in-line quarter could help sustain recent momentum (for Apple stock),” he said in a report. “However, we worry about the near-term negative impacts of a lengthening (iPhone) replacement cycle, Apple Watch sentiment seemingly turning negative, and competitive threats emerging as interfacing slowly evolves towards voice and AI messaging.” RELATED: Apple Outlook Cut As iPhone 7 Doesn’t Seem Like Must-Have Device