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Stock Market & Financial Investment News

News Breaks
November 20, 2012
19:08 EDTAAPL, RIMMBlackBerry dropped by government agency citing device failures, Bloomberg says
Research in Motion's (RIMM) BlackBerry is being dropped by the National Transportation Safety Board in favor of Apple's (AAPL) iPhone 5, as the agency cited BlackBerry failures at "inopportune times and at an unacceptable rate," according to a Bloomberg report. Reference Link
News For RIMM;AAPL From The Last 14 Days
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January 22, 2016
07:29 EDTAAPLApple iPhone sales likely to come in at low 50M range in Q1, says Stifel
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07:02 EDTAAPLApple volatility elevated into Q1 and outlook
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06:36 EDTAAPLApple suppliers expect drop in iPhone orders, Reuters reports
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06:33 EDTAAPLApple got $1B from Google to maintain search bar on iPhone, Bloomberg says
Google (GOOG) paid Apple (AAPL) $1B in 2014 to keep its search bar on the iPhone, Bloomberg reports, citing a transcript of court proceedings from Oracle's (ORCL) copyright suit against Google. Google has a pact with Apple that gives the iPHone maker a percentage of the revenue Google brings in through the Apple device, the report says, citing an attorney for Oracle at the hearing. Reference Link
06:05 EDTAAPLPiper's Munster says Apple could rally over 50% by September
Piper Jaffray analyst Gene Munster recommends buying shares of Apple into the company's earnings report on January 26. Over the next six months, the stock will rally on the iPhone number change cycle and experience multiple expansion, the analyst tells investors in a research note. Munster believes shares of Apple could achieve upside of over 50% from current levels by the iPhone 7 launch in September. Apple has traded at a lower multiple than today in only one month, April 2013, over the past 120 months or 10 years, Munster writes. He believes the "historic multiples" being applied to Apple right now imply that bad news is being priced in. The analyst keeps an Overweight rating on the iPhone maker with a $179 price target. Apple closed yesterday down 49c to $96.30.
05:57 EDTAAPLTaiwan smartphone sales to reach 7.5M-8M units in 2016, DigiTimes reports
Smartphone sales in Taiwan are expected to stay flat at 7.5M-8M units in 2016, reports DigiTimes. According to sources from local retail channels, the proportion of sales of high-end models will continue to fall, which will push vendors to focus on renovation and differentiation, while also strengthening their deployments in new products. Reference Link
05:57 EDTAAPLApple hires top researcher in virtual reality, Financial Times reports
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