FINWIRES · TerminalLIVE
FINWIRES

Apple's Near-Term Margin Outlook Unlikely to Change From Macs and iPads, UBS Says

By

Apple (AAPL) margin outlook in the near-term is unlikely to change from price adjustments of Mac computers and iPads until iPhone prices rise, UBS said in a research report emailed Friday.

The price hike for MacBooks and iPads comes amid impact on product gross margin by higher memory costs, according to the note.

UBS said it had expected product gross margin to decline sequentially in the June quarter and further in the September quarter, but outlook remains intact as iPhone is likely to account for majority of the product revenue in the coming quarters.

The company is likely to increase new iPhone prices by $50 to $100 and potentially change device specs to offset the share rise in DRAM and NAND markets, UBS stated.

The brokerage maintained its neutral rating on the stock and price target of $296 per share.

Price: $279.96, Change: $+4.81, Percent Change: +1.75%

Related Articles

Wire

Canyon Resources Says Cameroon Unit Received Locomotives Delivery; Non-Executive Chairman to Retire; Shares Down 5%

Canyon Resources (ASX:CAY) said its subsidiary in Cameroon has received a delivery of locomotives to support development activities at the local Minim Martap bauxite project, according to a Friday filing with the Australian bourse.Mining at the project is due to start in the third quarter, while the first bauxite shipment from Minim Martap remains on track for the fourth quarter, per the filing.Additionally, the company said Mark Hohnen will retire as its non-executive chairman, effective Aug. 25.Canyon Resources shares fell nearly 5% in recent Friday trade.

ASX:CAY
Wire

Cyprium Metals Appoints Christofer Catania as Chief Technical Officer; Shares Up 5%

Cyprium Metals (ASX:CYM) appointed Christofer Catania as chief technical officer, according to a Friday Australian bourse filing.The company said Catania most recently served as senior vice president, global resources at Worley.The company's shares rose past 5% in recent Friday trade.

ASX:CYM
Wire

Titan Mining Unit Wins US Army Lease Awards for Graphite Purification Plants

Titan Mining (TII) subsidiary Empire State Mines received conditional selection notices from the US Army to build and operate graphite purification facilities at defense installations at the Pine Bluff Arsenal in Arkansas and the Anniston Army Depot in Alabama.Under the awards, Empire State Mines will design, finance, construct and operate the Kilbourne Graphite Purification Plant, which will be located at Pine Bluff Arsenal, the primary site identified in the Army's Enhanced Use Lease program, Titan Mining said Thursday in a statement.Anniston Army Depot, designated as the secondary site, will host additional graphite-purification capacity under the same program, forming part of the broader effort to establish domestic processing infrastructure on US defense installations.The facilities will produce purified micronized graphite and coated spherical purified graphite for defense, energy-storage and industrial applications. Construction is targeted to begin in H2 2027, pending final business agreements with the Army, Titan Mining said.REalloys (ALOY), ioneer and Energy Exploration Technologies have also reached agreements with the Pentagon to build critical-minerals processing plants, Bloomberg reported Thursday, citing people familiar with the matter.Titan Mining shares rose 16% in after-hours trading, and REalloys gained 2.1%.

$ALOY$TII