Apple Inc
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Information Technology : Technology Hardware, Storage & Peripherals | Large Cap BlendCompany profile

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions, and third-party digital content and applications. The Company's segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Company's other operating segments. Its products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.

Postmarket

Last Trade
Delayed
$207.92
-0.92 (-0.44%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$208.84
Day's Change
1.62 (0.78%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
208.91
Day's Low
207.29
Volume
(Average)
Volume:
17,960,124

10-day average volume:
18,597,329
17,960,124

UPDATE: Qualcomm stock downgraded at Mizuho amid FTC 'overhang'

3:05 pm ET May 23, 2019 (MarketWatch)
Print

Mizuho analyst Vijay Rakesh cut his rating on Qualcomm Inc. shares (QCOM) to neutral from buy on Thursday, after a federal judge sided with the Federal Trade Commission (http://www.marketwatch.com/story/qualcomm-is-tossed-back-into-the-uncertainty-that-the-apple-settlement-seemed-to-cure-2019-05-22) and ruled that the company violated antitrust law with its patent royalties. "The limited clarity as the case goes to appeals to the Ninth District and potentially the Supreme Court, and uncertainty if recent license agreements with Apple (AAPL), Samsung and China NDRC can still be upheld, inserts a significant overhang on Qualcomm," Rakesh wrote. The ruling "could potentially drive EPS down 50%+ in a worst case scenario," he continued. Shares are off 2.6% in Thursday trading after dropping nearly 11% in Wednesday's session. The stock remains up 19% on the year, as the S&P 500 has risen 13%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 23, 2019 15:05 ET (19:05 GMT)

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