Broadcom's Hock Tan intends to take Qualcomm's licensing business and "throw it to the wolves" if he gets his hands on the company, speculates Bernstein chip analyst Stacy Rasgon, trading rich royalty dollars for greater chip sales, based on his conversations with Broadcom and with investors. That could mean an ugly proxy fight is coming, he speculates.
Apple's delay in its HomePod smart speaker till sometime early next year probably means the company's working on overcoming challenges making the device have broader capabilities, especially for its Siri assistant function, says Gene Munster, venture capitalist with Loup Ventures.
Apple, Qualcomm's biggest customer, is engaged in litigation with the chip maker, and that acrimonious relationship might be just the thing to help Broadcom CEO Hock Tan, if he can convince regulators his bid for Qualcomm would resolve the two companies' disputes, according to a report from Cowen & Co.'s Carl Ackerman.
Apple's still "secularly" challenged, no matter how many iPhone Xs it sells, according to the view of some big-money investors such as T Rowe Price's Ken Allen. The company doesn't seem to be in the pole position in big trends like cloud and autonomous driving, the way its peers Google and Amazon and Microsoft are.
Apple is still struggling with "yields" of its 3-D sensing function in the iPhone X, claims Mizuho's Abhey Lamba, which could last into the new year, he opines.
Two weeks of not carrying an iPhone and using Apple's Apple Watch shows the promise of the smartwatch as a standalone communications device. But better battery life and improved cellular is needed for it to truly operate on its own reliably.
Apple's stores had some lines stretching down the block, and many places had no inventory of a new phone: for vets in the Apple watching biz, it was another typical fall day like years past.
Price targets were marching higher for Universal Display, which supplies Samsung and others with the ingredients for OLED-based displays, like the kind found in the new iPhone X. But one bull, Hendi Susanto of Gabelli, says the stock's priced in a lot of upside and it's time to bail.
iFixit and Tech Insights both set about taking apart an iPhone X, and found some impressive use of batteries and printed circuit boards, in a small space. But suppliers to Apple such as Cirrus Logic and Skyworks Solutions aren't getting a lot of lift in their stocks from it today.
Xiaomi, which had been struggling for sometime, is rebounding in a big way, its shipments of phones nearly doubling in Q3, powered by low-priced devices like the Redmi Note 4, which is taking markets like India by storm, according to Strategy Analytics. The research firm thinks Xiaomi could topple Apple for second place in global smartphone sales behind Samsung.
Qualcomm stock rose after its quarterly results and outlook beat expectations, despite its ongoing legal battle with Apple, and a new challenge to its acquisition of NXP. One analyst, Stifel's Kevin Cassidy, thinks rumors of Apple dumping the company's chips entirely may be just a bargaining chip by Apple.
Apple chief Tim Cook told Wall Street that orders for iPhone X "have already been very strong," and asked about its high price tag -- $999 to $1,149 -- he said that with carrier monthly installment plans, "that's a few coffees a week, it's less than a coffee a day at one of these nice coffee places."
Apple stock rose 3% in late trading as its sales of iPhones came in a little better than expected, helping it to beat quarterly revenue and profit expectations, and its outlook for this quarter's revenue was a hair better than expected.
Qualcomm will survive the battle with Apple, as the latter cannot afford to ditch its chips, argues Canaccord Genuity analyst Mike Walkley, defending a Buy rating and a $70 price target ahead of the company's quarterly earnings tonight.
Cypress Semi's deal to supply USB-C chips to Apple has largely run its course as a stock "catalyst," argues Blayne Curtis of Barclays, as have other things such as margin improvement, so he cut the stock to the equivalent of a Hold.
Raymond James and RBC Capital both defend Qualcomm in the wake of a WSJ report saying Apple's planning on eliminating all Qualcomm chips from its iOS devices next year, amidst the ongoing legal feud between the two companies. Raymond James notes Apple's plan could backfire, and RBC sees support for Qualcomm shares in the "low $40s."
A survey of 300 people who are iPhone users suggest a lot are ready to upgrade to the iPhone X, which means Apple's mix of iPhone average selling price is going higher this year, writes Michael Olson of Piper Jaffray, prompting him to raise his estimates for the company's revenue and earnings, and prompting him to raise his price target to $200.
Apple appears to have "strong" initial sales of the iPhone X, perhaps 9 million to 12 million units in three days of pre-orders, writes Jun Zhang of Rosenblatt, but he wonders if retailers with software programs have been stuffing orders, intending to resell the thing in Asia.
Apple should recite a statement on CNBC to give people confidence in iPhone demand, opines Drexel Hamilton analyst Brian White, and he's even drafted up the statement he thinks Apple should read.
Apple shares are rising as initial estimates of sales from Wall Street are looking strong, perhaps as strong as the iPhone 6 three years ago, despite the company moving into "deep ultra-luxury" territory with iPhone prices of $999 and $1,149.