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Rumors of weak iPhone demand heat up as at least four Apple suppliers cut revenue forecasts

AAPL

At least four Apple suppliers have cut their revenue forecasts this week, fueling speculation that Apple is scaling back manufacturing of the iPhone. Apple said earlier this month it would stop reporting individual unit sales and revenue figures for the iPhone, leading some to speculate that the company has something to hide. Reports that its major suppliers are seeing reduced orders for electrical components could shed some light on expected sales. It's not the first time Apple has faced supply chain-side concerns — and none of them explicitly name Apple — but the number of reports is notable.

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News Breaking

Wall Street Analysts Are Still Largely Negative on Facebook

FB

As of November 13, Facebook (FB) yielded a return of 0.43% on a volume of 15.04 million to close at $142.16. Facebook generated investor returns of -7.4% in the trailing-one-month period and -20.5% in the trailing-12-month period. The company’s stock price lost 5.2% in the trailing-five-day period.

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Cramer mocks idea that Apple stock is 'one analyst note away' from being finished

AAPL

Cramer mocks idea that Apple stock is 'one analyst note away' from being finished. CNBC's Jim Cramer on Thursday mocked what he called a belief on Wall Street that Apple 's stock is one more negative analyst note away from being finished for good. Wall Street analysts, who have recently been peppering Apple's stock with downgrades, are concerned the tech giant will suffer declines in iPhone unit sales over the next couple of years. But Cramer, whose charitable trust owns shares of Apple, isn't convinced. Cramer has figured that once the estimate cuts end and Wall Street realizes that Apple's service revenue stream and iPhone sales are very much intact, Apple's stock would "come roaring back like it's done every time before."

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Apple's stock bounces after Morgan Stanley recommends buying the dip

AAPL

Shares of Apple Inc. rallied 1.0% in morning trade Thursday, which would put them on track to snap a 5-session losing streak, after Morgan Stanley analyst Katy Huberty said the recent selloff on concerns over iPhone unit sales was an overreaction. The stock has tumbled 11% the previous 5 sessions to close Wednesday at a 4-month low, as revenue warnings from a number of smartphone components suppliers, which list Apple as a large customer, followed Apple's disappointing outlook for the current quarter. "Weaker supplier guidance reflects Apple's already more cautious Nov. 1 guidance, and importantly, doesn't impact our services growth forecast, which is tied to installed base rather than new shipments," Huberty wrote in a note to clients. "We're buyers on unit-driven pullback given services and share repurchases drive future earnings."

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Shell soaks in EDF California sun - reNews - Renewable Energy News

RDSA RDSB

PPA secured for electricity from the 132MW Maverick 4 solar park in California. EDF Renewables is to sell Shell Energy North America electricity from the 132MW Maverick 4 solar farm in California under a 15-year power purchase agreement.Maverick 4 covers 1271 hectares of federal land and is part of the 500MW Palen photovoltaic complex located in Riverside county in the Mojave desert.Palen has recently secured a permit from the federal Bureau of Land Management and is scheduled to deliver electricity by the end of 2020. Shell Energy Americas vice president Glenn Wright said: “Working closely with companies like EDF Renewables, and its proven track record as a successful developer of large scale renewables, allows us both to better meet the evolving power needs of our customers.”EDF Renewables North America senior director development Ian Black said: “EDF Renewables is pleased to have completed the federal permitting process on Palen solar.“This 500MW project uniquely positions EDF Renewables to help load-serving entities like Shell meet their long-term obligations under California’s Renewable Portfolio Standard by offering tranches at industry-leading prices.”.

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renews.biz
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1 Analysts rated BT Group plc (NYSE:BT) as Buy

BT-A

This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. Different analysts and financial institutions use various valuation methods and consider different economic forces when deciding on a price target. Consensus earnings estimates are far from perfect, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. BT Group plc (NYSE:BT)’s distance from 200 day simple moving average is 8.79 percent, its distance from 50 day simple moving average is 8.68 percent, while its distance from 20 day simple moving average is 4.38 percent.

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standardoracle.com
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BT's EE Business To Launch 5G Mobile Technology In UK In 2019

BT-A

BT Group Plc's wireless unit EE plans to start fifth-generation wireless services in 16 United Kingdom cities next year as the former monopoly seeks to lure customers with increased reliability and download speeds. EE will also offer a broadband solution with its 5G home router, and has promised to continue developing out its 4G network as well, upgrading existing sites and converting 3G signals into 4G. Michael Matheson, Cabinet Secretary for Connectivity, said: "Commercial rollout of 5G by EE and the other mobile network operators supports our wider ambition of Scotland having an early advantage of this new and emerging technology". One site in Waterloo station alone, we're told, carries more than 100 terabytes of data per day. While this is undoubtedly good news for United Kingdom consumers, ZDNet explains that we should not get too excited yet: "The first 1,500 sites that EE is upgrading to 5G amount to around 7% of its total sites, and cover 15% of the United Kingdom population".

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Facebook Launches Marketplace Autos in Australia

FB

Facebook (FB) has launched its online car listing service, Marketplace Autos, in Australia, according to the Sydney Morning Herald. The launch comes after Facebook determined that a lot of Australians use its social network to search for cars. Facebook’s Australian car listings service will initially focus on used cars, showing a strategic move by the company into Australia’s auto classified market.

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Here’s Why Facebook’s Revenue Growth Is Slowing

FB

Facebook (FB) has been posting disappointing revenues due to declining user base growth. Facebook delivered revenues of ~$13.73 billion in Q3 2018, missing Wall Street expectations of $13.78 billion by 0.3%.

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Is This Why Apple's iPhone XR Sales Are Disappointing?

AAPL

Is This Why Apple's iPhone XR Sales Are Disappointing? Ashraf Eassa, The Motley FoolMotley FoolNovember 15, 2018, 2:00 PM GMT. Ming-Chi Kuo, a respected analyst with TF International Securities who had previously been optimistic about the iPhone XR, recently came out and slashed his estimate for how many Apple will ship between the fourth quarter of 2018 through the third quarter of 2019 from 100 million units to just 70 million units. During the company's Nov. 1 earnings call, Apple CEO Tim Cook said that in China, "iPhone, in particular, was very strong -- very strong double-digit growth there." Apple's pricier iPhone XS and iPhone XS Max devices incorporate dual-lens rear-facing cameras, something that's undoubtedly due to those devices' higher selling prices (creating additional room in the bill of materials for a pricier two-lens system), as well as Apple's desire to segment the product lines (the two-lens system on the higher-end models is a selling point). If Apple decides that it'd be best off bringing a two-lens rear-facing camera to next year's iPhone XR, then there are a couple of ways it can do so while still affording the higher-end successors to the iPhone XS and iPhone XS Max some points of differentiation. If the iPhone XS and iPhone XS Max successors stick with dual-lens cameras, then Apple could still give the next iPhone XR a dual-lens camera, but reduce its performance in some way.

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