Truist Securities: Lowered its Alphabet (nasdaq:GOOGL) price target from $130 to $120.
Truist Securities: Lowered Alphabet (nasdaq:GOOGL) price target from $130 to $120 Read Post »
Apple’s second-generation HomePod smart speaker is on sale, and the new smart speaker can be purchased in Apple Stores in the United States and some other countries. The new HomePod 2 costs $299 (2299 yuan from the Bank of China) and is available in two color options, midnight and white, which looks similar to Apple’s original HomePod that was discontinued in 2021, but with some minor design changes and some new features.
Microchip Technology (NASDAQ:MCHP) had net sales of $2.17 billion in the fiscal Q3 2022, versus analyst expectations of $2.15 billion. Net sales for the fiscal fourth quarter were expected to be $2.19-2.26 billion, versus analysts’ expectations of $2.18 billion.
Qualcomm (NASDAQ:QCOM): Q1 revenue for fiscal 2023 fell 12% year-over-year to $9.5 billion, and net income decreased 34% year-over-year to $2.235 billion.
Qualcomm (NASDAQ:QCOM): Fiscal 2023 Q1 revenue fell 12% year-over-year to $9.5 billion Read Post »
Morgan Stanley: Raised Alphabet (nasdaq:GOOGL) price target from $125 to $135。
Morgan Stanley: Raised Alphabet (nasdaq:GOOGL) price target from $125 to $135 Read Post »
Bank of America Securities said in a research report that it is cautious about the advertising environment and Meta Platforms (NASDAQ:META) this year, as the platform’s shift to Reels and capital spending could undermine EPS growth when the advertising market improves. Advertising revenue growth in the US accelerated in the fourth quarter, leverage and earnings per share are rising as the advertising environment improves, the competitive environment also improves, and the Group may become part of the artificial intelligence (AI)/machine learning (ML) improvement cycle following excess capital expenditures and GPU investments in 2022/23. The bank assumed that the global online advertising market accelerated, and that Meta could grow faster with AI/ML-assisted Reels monetization, raising its EPS estimate for the year by 13% to $9.82 from $8.72.
JPMorgan Chase: Cut Apple’s (NASDAQ:AAPL) price target to $175 from $180.
JPMorgan Chase: Cut Apple’s (NASDAQ:AAPL) price target to $175 from $180 Read Post »
CEO OF Qualcomm (NASDAQ:QCOM): We now expect channel inventory levels to continue to rise, at least through the first half of the year. The company is cutting expenses further and streamlining its business.
Apple (NASDAQ:AAPL) reported a holiday season sales decline that exceeded Wall Street fears, highlighting the impact of the economic slowdown and ongoing supply issues. The company announced Thursday that first-quarter revenue reached $117.2 billion, down from Wall Street’s forecast of about $121.1 billion. Apple shares fell in after-hours trading. Over the past year, demand for smartphones and computers has declined. Timing is another issue: The company didn’t launch new Macs and HomePods until recent weeks, missing the end of the first quarter. Apple did not provide a second-quarter revenue outlook, continuing its usual practice since the beginning of the pandemic in 2020.
Apple (NASDAQ:AAPL) today released its fiscal 2023 first-quarter results: revenue of $117.154 billion, down 5% year-over-year, the company’s first year-over-year revenue decline since 2019 and the biggest quarterly revenue decline since September 2016; Net income was US$29,998 million, down 13% year-on-year. Among them, revenue in Greater China was US$23.905 billion, down 7% year-on-year. Revenue from Europe, Japan and the rest of Asia Pacific was US$27.681 billion, US$6.755 billion and US$9.535 billion, respectively, all down year-on-year.
Apple (NASDAQ:AAPL) today released its fiscal 2023 first-quarter results: revenue of $117.154 billion, down 5% year-over-year, the company’s first year-over-year revenue decline since 2019 and the biggest quarterly revenue decline since September 2016; Net income was US$29,998 million, down 13% year-on-year. Among them, revenue from wearables, home products and accessories was $13.482 billion, compared with $14.701 billion in the same period last year, which missed analysts’ expectations of $15.23 billion.
Apple (NASDAQ:AAPL) today released its fiscal 2023 first-quarter results: revenue of $117.154 billion, down 5% year-over-year, the company’s first year-over-year revenue decline since 2019 and the biggest quarterly revenue decline since September 2016; Net income was US$29,998 million, down 13% year-on-year. Among them, revenue from the iPad was $9.396 billion, compared with $7.248 billion in the same period last year, beating analysts’ expectations of $7.76 billion.