• Wells Fargo is cautious ahead of Apple’s (NASDAQ:AAPL) April 30 earnings print as the firm struggles “to look past the weak iPhone demand-related data points and recommend a cautious stance.”
• The firm cuts its Q2 iPhone shipment forecast from 44M to 40.4M and lowers its earnings and revenue outlook.
• Wells expects “weak implied iPhone shipment trends into the June quarter.”
• Rating maintained at Market Perform with a $190 PT.
• Apple (AAPL -0.8%) held talks with Intel (INTC -10.1%) starting last year about acquiring parts of the latter’s smartphone modem chip business, The Wall Street Journal reports.
• Those talks started around last summer and only halted recently, around the time Apple reached its multiyear supply agreement with Qualcomm (QCOM +1.8%), according to the report. But it shows Apple warming up to the idea of bigger deals.
• And Intel’s now exploring strategic alternatives for its modem chips and has hired Goldman Sachs to manage a process that could result in a sale for a few billion dollars. Other than Apple, interested buyers might be Broadcom (AVGO -0.8%), ON Semiconductor (ON -1.3%), Samsung (OTC:SSNLF) or China’s Unisoc Communications.
• A sale could mean unloading an Intel business that was losing about $1B per year; Intel said it was abandoning making modems for 5G phones after news of the Apple-Qualcomm settlement.
Uber is losing over a billion a year and worth $80B. They should demand $80B for the business. Just rebrand it as a modem sharing program.
Share buyback increases share price shrink market cap 
This guy is a nut job.
$350 per share, $1.5T market cap, over 2 years is not far-fetched.
Do you expect Apple will increase EPS by 70% in 2 years? How much from organic growth and how much from buyback?
Expectation going into tomorrow’s earning:
• Apple (NASDAQ:AAPL) is scheduled to announce Q2 earnings results on Tuesday, April 30th, after market close.
• The consensus EPS Estimate is $2.36 (-13.6% Y/Y) and the consensus Revenue Estimate is $57.4B (-6.1% Y/Y).
• Over the last 2 years, aapl has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time.
• Over the last 3 months, EPS estimates have seen 6 upward revisions and 22 downward. Revenue estimates have seen 5 upward revisions and 22 downward.
My net worth went up by 
Hasn’t Jil warned us not to show off our net worth?
S and P at ATH. It is easy to be a stock genius when the market is going good.
Wall Street capped a day of mostly wobbly trading with meager gains Tuesday, enough to nudge the S&P 500 to an all-time high for the third straight day.
TWLO is your princess? Thought was Marcus. Yours are AYX, TEAM, DBX, …
DBX? Cmon. Pay closer attention. That’s @harriet’s poodle.
Cloud princesses: AYX, BOX, ZEN, TWLO and PLAN.
Apple surges after earning report, here’s why
What is the right P/E for a rising services stagnant iPhone sale business? 16? 25?
Apple Hikes Its Dividend and Boosts Its Buyback Program
Disappointing 5% dividend hike.
