Apple Results Awaited for Smartphone Implications and 2 More Heavily Traded Stocks to Follow
Apple (NASDAQ:AAPL): Current price $417.42
Reports from Samsung Electronics and HTC Corp. on Friday indicate that growth in demand for high-end smartphones is slumping, which could make Apple’s results later in July even more eagerly anticipated than usual. Both Samsung and HTC posted results during the Asian trading session: Samsung’s shares slid by 3.8 percent after it projected lower-than-expected operating profits for the quarter, with analysts citing slower shipments of its flagship Galaxy S4 as part of the blame for the deficit. Meanwhile, HTC posted a sharp fall in profits in the face of the debut of the well-reviewed HTC One smartphone which was expected to help the firm’s fortunes rebound in the Android market.