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Technology Stocks : OLED Universal Display Corp
OLED 127.68+3.6%11:27 AM EST
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From: I'manoledguy3/1/2018 12:00:57 PM
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March 1st Apple Inc. AAPL, +0.16% captured 87% of global smartphone industry profits in the December quarter, according to Canaccord Genuity analyst Michael Walkley, up from 72% in the September period. That profit-share growth stemmed from a greater mix of expensive iPhones, he wrote in a Thursday note to clients. The iPhone X began shipping during the December quarter. " We believe strong sales and mix of the iPhone X will sustain strong gross margin dollars given the high price points and likely improving manufacturing efficiencies," Walkley wrote, adding that he thinks Apple is increasing its leading share of the premium smartphone market. He believes a greater mix of OLED phones in the next cycle will help sales and margins. Apple shares are up 0.2% in Thursday morning trading and up 28% over the past 12 months, while the Dow Jones Industrial Average DJIA, +0.13% has gained 19%.
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