Top Technology Stocks:
MSFT: -0.1%
AAPL: -0.6%
IBM: flat
CSCO: +0.1%
GOOGL: +0.2%
Technology shares were mixed in pre-market trade on Thursday.
Apple (
) edged lower in
pre-market
trading
following comments from analysts at UBS who said that the world's
largest technology company by revenue faces several "existential"
threats including "messenger bots" like those being launched by
social-networking company Facebook (
). The first threat the firm noted would occur if customers felt
satisfied with "good enough" phones and thus were no longer willing
to pay a premium for Apple products, especially given historical
trends toward hardware commoditization. However, UBS said, loyalty
and its differentiation from other products on the market may play
a role in Apple's sales. Another threat lies in the potential for
messenger bots -- software that automates tasks -- to displace
apps. A large component of Apple's business is its App Store, which
UBS noted "has been critical in transforming Apple from a linear
pipeline to a platform company." However, it added, "messaging
could take on many of the roles apps provide."
The warning from UBS comes after Facebook on Tuesday unveiled a
Messenger Platform with bots. Amid that launch, UBS's analysts are
questioning whether Apple's App Store may lose market share. The
roadblocks China could put up to favor local smartphone vendors
represent another threat to Apple, UBS said. It noted China
represents two-thirds of Apple's growth and is the source of many
of its newest customers.
AAPL shares were down 0.6% at $111.47, with a 52-week range of $92.00 - $134.54. FB shares were up 0.2% at $110.78, with a 52-week range of $72.00 - $117.59.
Taiwan Semiconductor (
) reported Q1 net income of NT$64.78 billion, or NT$2.50 per share,
down from NT$78.99 billion, or NT$3.05 per share, in the prior year
period but topping analyst estimates of NT$2.49 per share. Total
revenues of NT$203.50 billion were down from NT$222.03 billion in
Q1 2015 but exceeded the Street projection of NT$202.30 billion. In
US dollars, first quarter revenue was $6.14 billion, which
decreased 12.8% year-over-year, the company said. The company
guided Q2 revenue in a range of NT$215 billion to NT$218 billion.
Gross profit margin is expected to be between 49% and 51% and
operating profit margin is expected to be between 38.5% and
40.5%.
TSM shares were down 4.5% at $25 with a 52-week range of $17.32
- $26.62.
The views and opinions expressed
herein are the views and opinions of the author and do not necessarily
reflect those of Nasdaq, Inc.
MSFT: -0.1%
AAPL: -0.6%
IBM: flat
CSCO: +0.1%
GOOGL: +0.2%
Technology shares were mixed in pre-market trade on Thursday.
Apple (
AAPL
FB
AAPL shares were down 0.6% at $111.47, with a 52-week range of $92.00 - $134.54. FB shares were up 0.2% at $110.78, with a 52-week range of $72.00 - $117.59.
Taiwan Semiconductor (
TSM
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
NEW
YORK: Stocks across the globe rose to their highest levels of 2016 on
Thursday and the US dollar gained for a third day as investors embraced
risk ahead of top policymaker and oil producer meetings.
Singapore's normally conservative central bank unexpectedly eased its exchange-rate based monetary policy, at a time when several hundred economists polled by Reuters said economic growth and inflation across the globe will lose further momentum this year despite years of ultra-easy mon ..
Singapore's normally conservative central bank unexpectedly eased its exchange-rate based monetary policy, at a time when several hundred economists polled by Reuters said economic growth and inflation across the globe will lose further momentum this year despite years of ultra-easy mon ..
NEW
YORK: Stocks across the globe rose to their highest levels of 2016 on
Thursday and the US dollar gained for a third day as investors embraced
risk ahead of top policymaker and oil producer meetings.
Singapore's normally conservative central bank unexpectedly eased its exchange-rate based monetary policy, at a time when several hundred economists polled by Reuters said economic growth and inflation across the globe will lose further momentum this year despite years of ultra-easy mon ..
Singapore's normally conservative central bank unexpectedly eased its exchange-rate based monetary policy, at a time when several hundred economists polled by Reuters said economic growth and inflation across the globe will lose further momentum this year despite years of ultra-easy mon ..
NEW
YORK: Stocks across the globe rose to their highest levels of 2016 on
Thursday and the US dollar gained for a third day as investors embraced
risk ahead of top policymaker and oil producer meetings.
Singapore's normally conservative central bank unexpectedly eased its exchange-rate based monetary policy, at a time when several hundred economists polled by Reuters said economic growth and inflation across the globe will lose further momentum this year despite years of ultra-easy mon ..
Singapore's normally conservative central bank unexpectedly eased its exchange-rate based monetary policy, at a time when several hundred economists polled by Reuters said economic growth and inflation across the globe will lose further momentum this year despite years of ultra-easy mon ..
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