Latest news with #SSNLF
Business Insider
3 days ago
- Business
- Business Insider
'Unaware of How the Information was Obtained': Apple Stock (NASDAQ:AAPL) Ticks Up After Suing Leaker Jon Prosser
Those who follow rumors around consumer electronics giant Apple (AAPL) are likely familiar with the name Jon Prosser. Prosser is a '…well-known leaker,' reports note, but that status as a leaker may have caught up with him. Apple is suing Prosser over the '…alleged theft of trade secrets…' connected to iOS 26, though Prosser protests his innocence. The move gave Apple a bit of a boost, and shares ticked up fractionally in Friday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Reports note that Apple accuses Prosser of turning to Michael Ramacciotti, and getting Ramacciotti to access a third person's—an Apple employee named Ethan Lipnik who happened to be Ramacciotti's friend—development iPhone. Prosser then promised Ramacciotti '…money or a future job opportunity…' to get into that phone and deliver information about the future of iOS. Ramacciotti apparently went for it, the reports note, as he is alleged to have then used 'location tracking' systems to learn when Lipnik would be away from home, and used Lipnik's iPhone passcode to access the device and gain the information. Ramacciotti then allegedly showed Prosser the software via a video call, reports noted. Prosser, for his part, insists that Apple's assertions are '…not how the situation played out on my end.' The Foldable iPhone, From Samsung? While this issue plays out, Apple is also in the midst of preparing to release its new foldable iPhone, which is set to come out in 2026. Reports note that Apple will turn to Samsung's (SSNLF) 'crease-free display solution,' rather than bringing out its own design instead. Apple actually has patents for foldable displays. One of the oldest goes back to 2014, reports note. But Apple will instead draw on Samsung's technology, mostly due to issues of creasing in the display. Samsung's crease-free display is the result of several years of trial and error, reports suggest, and it being ready to go gives Apple a solution that is ready now instead of potentially having to suffer its own growing pains. Is Apple a Buy, Hold or Sell? Turning to Wall Street, analysts have a Moderate Buy consensus rating on AAPL stock based on 14 Buys, 10 Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 6.37% loss in its share price over the past year, the average AAPL price target of $228.02 per share implies 8.1% upside potential.
Yahoo
11-07-2025
- Automotive
- Yahoo
Tesla Seeks Phoenix Green Light for Robotaxis
Tesla (NASDAQ:TSLA) just asked Arizona's transport agency if it can trial and run its Robotaxi fleet in Phoenix and has its sights set on the San Francisco Bay Area next. The Arizona Department of Transportation confirms Tesla has applied to test its self driving cabs both with a safety driver and fully driver free, with a decision expected by late July. Regulators will weigh traffic safety, liability and public feedback before signing off. Warning! GuruFocus has detected 3 Warning Signs with SSNLF. Down in Austin, Tesla kicked off a tiny pilot last month, though a handful of cars drew flak for ignoring traffic rules. Investors and rivals alike are keen to see if Phoenix gives Tesla the green light or throws up red tape. Waymo is already ferrying passengers in Phoenix, Los Angeles and beyond, and Uber (NYSE:UBER) partners in Atlanta and Austin. If Tesla wins early approvals, it can close the gap and start raking in ride hailing revenue. Elon Musk says Bay Area Robotaxis could roll out in a matter of weeks once California's DMV clears the paperwork. The next few regulatory decisions will set the pace for Tesla's autonomous ambitions. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
07-07-2025
- Business
- Globe and Mail
Samsung projects large drop in second-quarter profit as it faced U.S. AI chip curbs on China
Samsung Electronics SSNLF projected a 56-per-cent drop in second-quarter operating profit from a year earlier, far worse than analysts expected as its struggling chip business faced U.S. chip curbs on China. The world's largest memory chipmaker blamed the profit miss mainly on its Device Solutions (DS) division, which houses its chip business. 'The DS Division recorded a quarter-on-quarter decline in profit due to inventory value adjustments and the impact of U.S. restrictions on advanced AI chips for China,' Samsung said in a statement. The memory business took a hit from one-off costs such as inventory value adjustments, though Samsung added that its improved high-bandwidth memory (HBM) products were undergoing customer evaluation and proceeding with shipments. Its artificial intelligence chips business was dogged by delays in the supply of its latest products to Nvidia NVDA-Q and continued losses in its contract chip manufacturing business, analysts said. Samsung estimated an operating profit of 4.6-trillion won ($4.6-billion) for the April-June period, versus a 6.2-trillion won ($6.2-billion) LSEG SmartEstimate. That would compare with 10.4-trillion won ($10.3-billion) in the same period a year earlier and 6.7-trillion won ($6.7-billion) in the preceding quarter. Revenue would likely fall 0.1 per cent to 74-trillion won ($73.5-billion) from a year earlier, the filing showed. Samsung is expected to release detailed results including a breakdown of earnings for each of its businesses in late July.
Yahoo
04-06-2025
- Business
- Yahoo
Samsung's Secret AI Weapon? Major Deal with Google Rival Could Shake Up Mobile Search
Samsung Electronics Co. (SSNLF) is reportedly finalizing a multifaceted deal with Perplexity AI that could reshape its AI and search strategy across future mobile devices. According to people familiar with the talks, the partnership could include preloading Perplexity's search assistant on upcoming Galaxy phones and embedding its features into Samsung's browser and Bixby voice assistant. The integration may debut with the Galaxy S26 lineup in early 2026, signaling a major move to diversify beyond Alphabet's Google ecosystem. Warning! GuruFocus has detected 3 Warning Signs with SSNLF. Alongside product integration, Samsung is also expected to become a major backer in Perplexity's upcoming $500 million funding round, which could value the AI startup at $14 billion. For Perplexity, the potential deal would be its largest mobile deployment yet, building on its earlier integration with Motorola and possibly elevating its position in the AI search space. Discussions between the two companies reportedly advanced following recent in-person meetings in South Korea. The partnership could also lay the foundation for more ambitious AI initiatives, including a new operating system and a unified AI agents app, combining tools from multiple assistants. Meanwhile, Apple has also expressed interest in Perplexity as a possible alternative to Google Search and ChatGPT for Siri. How Perplexity balances interest from both Samsung and Apple remains to be seen, but the emerging AI player is rapidly becoming a key asset in the competitive race to redefine search and personal assistants on mobile. This article first appeared on GuruFocus.
Yahoo
02-06-2025
- Business
- Yahoo
Samsung's Secret AI Weapon? Major Deal with Google Rival Could Shake Up Mobile Search
Samsung Electronics Co. (SSNLF) is reportedly finalizing a multifaceted deal with Perplexity AI that could reshape its AI and search strategy across future mobile devices. According to people familiar with the talks, the partnership could include preloading Perplexity's search assistant on upcoming Galaxy phones and embedding its features into Samsung's browser and Bixby voice assistant. The integration may debut with the Galaxy S26 lineup in early 2026, signaling a major move to diversify beyond Alphabet's Google ecosystem. Warning! GuruFocus has detected 3 Warning Signs with SSNLF. Alongside product integration, Samsung is also expected to become a major backer in Perplexity's upcoming $500 million funding round, which could value the AI startup at $14 billion. For Perplexity, the potential deal would be its largest mobile deployment yet, building on its earlier integration with Motorola and possibly elevating its position in the AI search space. Discussions between the two companies reportedly advanced following recent in-person meetings in South Korea. The partnership could also lay the foundation for more ambitious AI initiatives, including a new operating system and a unified AI agents app, combining tools from multiple assistants. Meanwhile, Apple has also expressed interest in Perplexity as a possible alternative to Google Search and ChatGPT for Siri. How Perplexity balances interest from both Samsung and Apple remains to be seen, but the emerging AI player is rapidly becoming a key asset in the competitive race to redefine search and personal assistants on mobile. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
