blog & news

Apple gets downgraded on concern services focus won’t deliver big profits

The optimism over Apple's services opportunity is overblown, according to one Wall Street firm. Maxim Group lowered its rating to hold from buy for Apple shares, predicting the company's subscription businesses will disappoint investors. "Prior survey data indicates attach rates for subscription services will be at best 30%, likely lower given...
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blog & news

IPhone Screen Makers Are Tanking on a Report that Apple Is Switching to Displays They Can’t Make

The shares of some iPhone display suppliers fell in Asia after South Korea’s Electronic Times reported that Apple (AAPL, -0.27%) has decided to use next-generation screens for all of its new models next year, even though several analysts said such a transition wasn’t likely. Japan Display shares fell as much as...
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