In a sign of the changing times, Apple Inc. (NASDAQ:AAPL) is on the brink of passing Nokia’s feature phone sales with sales of its iPhone smartphone. The figures released by Strategy Analytics are important not only because of Nokia’s historical interest as one of the world’s largest mobile phone sellers for close to half a century, but because they ring the knell of an entire form factor of electronics. Nokia sold 47 million telephones in total during a quarter in which Apple (AAPL) sold 43.7 million. All of Apple’s sales were iPhones, while Nokia’s sales were mostly feature phones and encompassed a large range of different models. These ranged as low as $60 new in price, meaning that sales were declining even for those mobile phones far cheaper than the famous Apple flagship product. Apple Inc.(NASDAQ:AAPL) shares after opening at $592.64 moved to $599.43 on last trade day and at the end of the day closed at $590.09. Company price to sales ratio in past twelve months was calculated as 2.89 and price to cash ratio as 12.29. Apple Inc.(NASDAQ:AAPL) showed a positive weekly performance of 12.45%.
RF Micro Devices (NASDAQ: RFMD), this mid-cap manufacturer of proprietary radio frequency integrated circuits (RF ICs) has been upgraded by several analysts. After the close on Tuesday, the company beat earnings estimates, reporting EPS of $0.12 versus an expected $0.09. S&P raised its operating EPS estimates $0.03 for both fiscal year 2015 (ending in March) and fiscal 2016, to $0.61 and $0.71, respectively. S&P has a 12-month price target of $11 based on its belief that the company will benefit from 3G/4G growth trends and its expected merger with TriQuint Semiconductor (NASDAQ: TQNT). RF Micro Devices, Inc.(NASDAQ:RFMD) shares advanced 4.33% in last trading session and ended the day on $8.44. RFMD return on equity ratio is recorded as -0.40% and its return on assets is -0.20%. RF Micro Devices, Inc. (NASDAQ:RFMD) yearly performance is 50.45%.
TriQuint Semiconductor (NASDAQ:TQNT) rising on RF Micro results. DA Davidson also upgraded the stock from Neutral to Buy with a price target of $18.TriQuint Semiconductor (NASDAQ:TQNT) shares moved up 4.80% in last trading session and was closed at $14.18, while trading in range of $. 14.05 – 14.65.TriQuint Semiconductor (NASDAQ:TQNT) year to date (YTD) performance is 70.02%.
Marriott International Inc (NASDAQ:MAR) stock rose slightly in extended trading yesterday, after its first-quarter results for fiscal 14 (1QFY14; ended March 31, 2014), driven by a surge in corporate group bookings in the US, came in stronger than the company had expected. Marriott International Inc (NASDAQ:MAR) weekly performance is 1.26%. On last trading day company shares ended up $57.93. Marriott International Inc (NASDAQ:MAR) distance from 50-day simple moving average (SMA50) is 5.44%. Analysts mean target price for the company is $57.12.
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