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The Zacks Analyst Blog Highlights: Apple, Intel, Advanced Micro, Lenovo and HP

For Immediate Release

Chicago, IL –March 22, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Apple AAPL, Intel INTC, Advanced Micro Devices AMD, Lenovo Group Ltd. LNVGY and HP HPQ.

Here are highlights from Thursday’s Analyst Blog:

Apple Updates Portfolio Prior to Streaming Service Launch

Appleupdates its iPad and iMac devices, prior to the much-anticipated Mar 25 event, where the iPhone-maker is set to launch video streaming and news subscription services.

Apart from introducing a thinner and slightly larger iPad, Apple launched an upgraded iMac line-up that is expected to deliver superior performance in terms of computing and graphics.

New iPad & iMac Specifications

The new ultra-thin iPad Air measures 10.5 inches diagonally and is supported by Apple Pencil. Moreover, iPad Air performance is expected to be 70% better, due to the A12 Bionic chip and Apple’s Neural Engine.

Graphic qualities of the device are also expected to be superior. Per Apple, the advanced Retina display with True Tone technology is roughly “20% larger with over half a million more pixels.”

Apple also launched the new 7.9-inch iPad mini that delivers “three times the performance and nine times faster graphics.” The device is 25% brighter and has the highest pixel density among any of the iPads, powered by the advanced Retina display with True Tone technology.

The new iMac features Intel’s 8-core 9th-generation processors and Radeon Pro Vega graphics from Advanced Micro Devices.

Apple stated that the new 21.5-inch iMac features 8th-generation quad-core, and for the first time, 6-core processors, which will help it perform up to 60% faster. The 27-inch iMac will be available in two variants (9th-generation 6-core and 8-core processors), which will deliver up to 2.4 times faster performance.

Will New iPads and iMac Aid Apple?

Per IDC’s third-quarter 2018 data, Apple dominated the tablet market with 26.6% share, followed by Samsung. Although the new iPads are expected to help Apple sustain its tablet market share lead, we note that the overall market has weakened, with shipments down 8.6% in third-quarter 2018.

Moreover, the PC market remains sluggish. Per Gartner’s preliminary data, PC shipments in the fourth quarter of 2018 fell 4.3% year over year to 68.6 million units. According to IDC, worldwide PC shipment also dipped 3.7% on a year-over-year basis and totaled 68.1 million in the final quarter of 2018.

Per both IDC and Gartner, Lenovo Group Ltd. maintained its top spot in the December quarter, driven by its joint venture with Fujitsu. However, Apple, HP, Acer and Asus witnessed soft PC sales.

Hence, sluggishness in both tablet and PC market doesn’t bode well for Apple. The company is suffering from a downturn in sales of its flagship device, iPhone. However, its Services business has emerged as the new cash cow. Expanding App Store, Apple Music and Apple Pay subscriber base has been a major growth driver for the Services business.

The upcoming video service is an important addition to the portfolio. Apple has spent roughly $2 billion on its content (either through producing or acquiring) and is likely to offer subscription-based streaming shows from CBS Showtime, Starz and Viacom. However, Netflix and Hulu are not expected to be part of the video streaming service.

Currently, Apple has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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HP Inc. (HPQ): Free Stock Analysis Report
 
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Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
 
Intel Corporation (INTC): Free Stock Analysis Report
 
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