SAN FRANCISCO (Reuters) – Activist Investor Carl Icahn thinks Apple Inc is already worth over $1 trillion but others on Wall St. think it will take a few more years for the iPhone maker’s stock value to get there.
With Apple’s stock market value ballooning this week beyond $700 billion, larger than Switzerland’s gross domestic product, activist investor Icahn said the technology company’s shares should be trading at $216 apiece, equivalent to a market capitalization of about $1.26 trillion.
SAN FRANCISCO (Reuters) – Nvidia Corp (NVDA.O: Quote, Profile, Research) on Wednesday posted higher quarterly results that beat Wall Street expectations, sending its shares higher as the graphics chipmaker sought to sharpen its focus on high-end automobiles.
Nvidia is trying to expand its graphics technology beyond the sluggish personal computer industry with its Tegra line of chips for mobile devices and increasingly for cars.
SAN FRANCISCO/BEIJING, Feb 10 (Reuters) – Even after
agreeing to pay a record near-$1 billion fine in China for
antitrust violations, U.S. chipmaker Qualcomm
Inc faces big challenges in its most important market.
As low-cost, low-margin Chinese smartphone manufacturers
such as Xiaomi Inc and Huawei Technologies
push into other developing markets, they are driving down
average handset prices – bad news for San Diego-based Qualcomm,
which collects royalties based on the handset’s value.
SAN FRANCISCO/BEIJING (Reuters) – Qualcomm Inc has agreed to pay a fine of $975 million, the largest in China’s corporate history, ending a 14-month government investigation into anti-competitive practices.
The deal – the details of which were first reported by Reuters on Monday – also requires Qualcomm to lower its royalty rates on patents used in China, likely helping local smartphone makers such as Xiaomi Technology Co Ltd [XTC.UL] and Huawei Technologies Co Ltd [HWT.UL].
SAN FRANCISCO/BEIJING, Feb 9 (Reuters) – Qualcomm Inc
has agreed to pay China a fine of $975 million, the
largest in the country’s corporate history, ending a 14-month
government investigation into anti-competitive practices.
The deal also requires Qualcomm to lower its royalty rates
on patents used in China, the U.S. chip-maker said in a
SAN FRANCISCO (Reuters) – Chip designer ARM Holdings Plc (ARM.L: Quote, Profile, Research)(ARMH.O: Quote, Profile, Research) on Tuesday unveiled a new processor blueprint with improved computing performance and beefed-up graphics aimed at smartphones and tablets to be launched next year.
ARM’s new Cortex-A72 processor design and related technology improvements come as the smartphone industry struggles with cooling demand after years of explosive growth sparked by Apple Inc’s (AAPL.O: Quote, Profile, Research) iPhone in 2007.
SAN FRANCISCO, Jan 29 (Reuters) – Broadcom Corp
posted fourth-quarter results on Thursday that exceeded Wall
Street’s expectations as the Apple supplier increased its focus
on Wi-Fi and broadband chips, sending its shares higher.
The chipmaker’s results appeared to be supported by strong
sales at key customer Apple Inc, which this week said
it sold 74.5 million iPhones in its fiscal first quarter,
SAN FRANCISCO, Jan 29 (Reuters) – Companies replacing older
PCs are increasingly choosing ones with high-end features aimed
at improved security and employee efficiency, according to a
senior Intel Corp executive.
Intel’s “vPro” processors account for a fifth of the
chipmaker’s corporate PC business and that proportion is
growing, Tom Garrison, Intel’s vice president and general
manager of business client platforms, recently told Reuters.
SAN FRANCISCO (Reuters) – Qualcomm Inc reduced its outlook for fiscal 2015, saying it expects its newest Snapdragon mobile chip will not be used in a major customer’s flagship smartphone, sending its shares lower.
The San Diego, California, company also warned that “challenges” with another of its chips had hurt its competitiveness in China, where Qualcomm has been disappointed with growth that has fallen short of expectations.
SAN FRANCISCO, Jan 28 (Reuters) – Qualcomm Inc
reduced its outlook for fiscal 2015, saying it expects its
newest Snapdragon mobile chip will not be used in a major
customer’s flagship smartphone, sending its shares lower.
The chipmaker said in a statement on Wednesday it expects
fiscal 2015 revenue between $26.0 billion and $28.0 billion,
down from a previous estimate of between $26.8 billion and $28.8