Apple Inc. (NASDAQDS: AAPL) rolled out its new in-car iphone called CarPlay on Mar. 3 that will be installed initially in Ferrari, Mercedes-Benz and Volvo vehicles.
According to Apple, CarPlay gives iPhone users an incredibly intuitive way to make calls, use maps, listen to music and access messages with just a word or a touch. Users can easily control CarPlay from the car's native interface or just push-and-hold the voice control button on the steering wheel to activate Siri without distraction
Additional auto manufacturers bringing CarPlay to their drivers down the road include BMW Group, Ford, General Motors, Honda, Hyundai Motor Company, Jaguar Land Rover, Kia Motors, Mitsubishi Motors, Nissan Motor Company, PSA Peugeot Citroen, Subaru, Suzuki and Toyota Motor Corp.
On Feb. 28, Apple Inc.’s (NASDAQDS: AAPL) share price closed at $526.24, down $1.43 from its close of $527.67, on volume of 13,296,379 shares.
This comes at a time when a new report by Morgan Stanley found that Apple stock's institutional ownership is at its lowest level since 2009.
Analysts’ Consensus Changing
Meanwhile, Apple’s short-term poor performance has not gone unnoticed by the analysts that cover it.
Two weeks ago, of the 35 analysts that cover Apple, 24 recommend a “strong buy,” 4 recommend a “buy” and 7 recommend a “hold.” As of Feb. 27, now only 20 recommend a “strong buy, 6 recommend a “buy” and 9 recommend a hold.
The problem facing Apple is that analysts and some stockholders want to be dazzled by the “next new thing” in Apple’s magic product bag before the company is ready to deliver. In addition, a background mantra has been growing louder which says Apple is no longer as creative as it once was because current CEO Tim Cook is no Steve Jobs, the late founder of the tech giant. Yet, Apple is creative enough to try and design a hitherto unknown battery technology to power its soon-to-be-released smartwatch.
New Products Growing
It’s only been a few months ago since Apple unveiled its one-pound iPad air and well-received Macbook Pro. As we have reported the company is also talking about releasing a smartwatch and a new iPhone with a larger screen that when released will probably spark winding lines around every Apple store on this planet.
Meanwhile, Apple’s massive selling infrastructure, capable of selling apps, eBooks and iTunes has massive room for expansion while others try to reinvent Apple. And don’t forget, its chief rival Samsung is still reeling from recent patent infringement court cases it lost against Apple.
Suing China over Siri Patent
Meanwhile, Apple filed a lawsuit this week suing the Chinese State Intellectual Property Office and software developer Shanghai Zhizhen Network Technology over its “Siri” patent, the intelligent personal assistant app that uses a natural-language user interface. This legal faceoff has been brewing since 2004 when the Chinese accused Apple of copying its “Xiao I Robot,” patented in 2004, in Apple’s development of Siri.
While this may seem like no big deal to the casual observer, if Apple loses the lawsuit and begins to believe the Chinese government will sanction the stealing of its patents, it might be only a matter of time before Apple follows Google’s example and abandons it operations in China. Hypothetically, this could lead to moving thousands of jobs from China to another country.
Find out what could be the best investor’s move when it comes to AAPL by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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Semiconductor Business Is Back
Meanwhile, Sunnyvale, Calif-based semiconductor maker OmniVision Technologies Inc. (Nasdaq: OVTI) share volume shot through the Stratosphere Feb. 28, with 8,863,959 changing hands, more than six times its three-month average of 1,396,553 shares.
The soaring stock volume and share value came on the heels of the company releasing its third-quarter results fiscal 2014.
Here are the highlights:
“Revenues for the third quarter of fiscal 2014 were $352.0 million, as compared to $397.2 million in the second quarter of fiscal 2014, and $423.5 million in the third quarter of fiscal 2013, according to a release. “GAAP net income in the third quarter of fiscal 2014 was $30.6 million or $0.54 per diluted share, as compared to net income of $26.3 million, or $0.47 per diluted share in the second quarter of fiscal 2014, and $21.3 million, or $0.40 per diluted share in the third quarter of fiscal 2013,” it added.
On Feb. 28, OVTI’s share price closed at $17.27, up $1.07 from its closing price of $16.20 the previous day.
Find out what could be the best investor’s move when it comes to OVTI by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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TriQuint Share Price Rising
Semiconductor companies that make chips for smartphones are benefiting mightily from the growing popularity of smartphones in the United States, Europe and now emerging markets throughout the world.
One such company is TriQuint Semiconductor Inc. (NASDAQ:TQNT)
Fourth-Quarter and 2013 Results
The uptick in volume could have been triggered initially by the positive results of the Hillsboro, Ore-based chip maker fourth-quarter, 2013 earnings released Feb. 4.
Here are the highlights:
- Revenue for the quarter was $267.7 million, up 7% from Q3 2013
- GAAP gross margin for Q4 2013 was 26.1%, GAAP loss per share was ($0.05)
- Non-GAAP gross margin as a percent of revenue grew 550 basis points over Q4 2012
- Achieved record Mobile Devices revenue in the 2nd half, up over 66% from the 1st half
- Grew premium discrete filter revenue 52% to over $90 million in 2013
- Key design wins for BAW filters at Samsung, Huawei, ZTE, Yulong and Sony
- Base Station revenue up 50% in 2013 supporting the TD-LTE build-out in China
- Announced new GaN solutions, Optical drivers and small cell Base Station amplifiers
- Released over 190 new products in 2013
- Authorized increase in share repurchase program from existing balance of $24 million to $75 million
Analyst Consensus
Of the nine analyst covering TQNT stock, 6 have issued a “hold,” 2 a “buy” and 1 a “underperform.”
On Feb. 28, TQNT’s share price closed at $12.24, up 4 cents from its closing price of $12.20 the previous day.
Find out what could be the best investor’s move when it comes to TQNT by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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Smartphone Keyboards
Many penny stocks with businesses related to smartphones also continue to prosper and at minimum are maintaining their share prices.
On such company is ZAGG Inc. (NASDAQ: ZAGG).
On Feb. 28, Zagg’s stock volume soared, with 658,871 shares changing hands, nearly twice it three-month average of 378,471 shares.
This volume surge comes on the Feb. 26 news that Zagg is now offering a full range of smartphone accessories for the Samsung’s new Galaxy S5. Samsung announced the availability of the S5 earlier this week at Mobile World Congress in Barcelona, Spain.
On Jan 7 the Salt Lake City company announced that it had just rolled out a new lightweight Bluetooth(R) keyboard designed specifically for the Samsung Galaxy NotePRO and TabPRO. On the same day, ZAGG introduced its new Powerbank for smartphone built from lithium-polymer batteries. There is a good margin is such accessories and companies that make them will have the opportunity to ride the rising tide of smartphone sales.
On Feb 28, ZAGG’s share price closed at $4.33, down 3 cents from its closing price of $4.30 the previous day.
Find out what could be the best investor’s move when it comes to ZAGG by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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