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.

Closing Price
$266.92
Day's Change
-3.79 (-1.40%)
Bid
--
Ask
--
B/A Size
--
Day's High
270.80
Day's Low
264.91
Volume
(Heavy Day)
Volume:
32,182,645

10-day average volume:
21,632,016
32,182,645

Roku's stock drops again; Oppenheimer defends more bullish view

11:03 am ET September 24, 2019 (MarketWatch)
Print

Shares of Roku Inc. (ROKU) dropped 5.4% in morning trading Tuesday, and has now plunged 40% in a little over two weeks, but Oppenheimer analyst Jason Helfstein said that the recent selloff has created a "buying opportunity" as it just represents just an unwind in momentum stocks. Helfstein affirmed his outperform rating and $155 stock price target, which he had raised on Friday from $120 (http://www.marketwatch.com/story/rokus-stock-still-reeling-as-analyst-asks-is-roku-broku-2019-09-20), saying he believes concerns over competition from Comcast Corp.'s (CMCSA) Xfinity Flex offering have been "overblown in press reports (http://www.marketwatch.com/story/roku-stock-takes-a-tumble-after-comcast-plans-free-streaming-boxes-for-internet-customers-2019-09-18)" as he believes there are "hurdles to consumer adoption." Among the hurdles, Helfstein said Flex requires Comcast's xFi Advanced Gateway modem and existing premium channels have to be canceled and repurchased. Separately, Helfstein said download data from Android suggests current third-quarter active accounts estimates are conservative, with additional bullish third-party data on July player sales. "We believe the unwind of momentum has been the main reason for the stock correction, and presents a buying opportunity," Helfstein wrote in a note to clients. The stock, which has lost 40% since closing at a record $169.86 on Sept. 6, has still more than tripled (up 231.5%) year to date. Meanwhile, the S&P 500 has gained 0.6% since Sept. 6 and has climbed 19.6% this year.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 24, 2019 11:03 ET (15:03 GMT)

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