Apple Issues Apology on Throttling, Morgan Stanley Raises Target on AAPL & the Foldable Phone War is set to begin
Beyond the major stories of the day, our 'At the End of the Day' report takes a final look around the blogosphere for other technology news that was published today that might be of interest to our readership.
Apple Issues an Apology & Patch on Throttling
Yesterday we reported on ExtremeTech's angy report about MacBook throttling. Today Apple issued an apology in a statement sent to CNBC, as follows:
"Following extensive performance testing under numerous workloads, we've identified that there is a missing digital key in the firmware that impacts the thermal management system and could drive clock speeds down under heavy thermal loads on the new MacBook Pro. A bug fix is included in today's macOS High Sierra 10.13.6 Supplemental Update and is recommended. We apologize to any customer who has experienced less than optimal performance on their new systems. Customers can expect the new 15-inch MacBook Pro to be up to 70% faster, and the 13-inch MacBook Pro with Touch Bar to be up to 2X faster, as shown in the performance results on our website."
Huawei Determined to get ahead of Samsung on Foldable Smartphone
In late December we reported that that BOE, China's largest OLED supplier shared their business plans with Apple relating to a dedicated OLED production line. The report further noted that the plant would be able to produce 70% flexible OLEDs and 30% of foldable panels. In May Patently Apple posted another report titled "Huawei Rumored to be Preparing their First Major Folding Smartphone for Q4, ahead of Samsung & well ahead of Apple." Now the Nikkei Asian Review is getting on board this story.
Today they reported that "China's Huawei Technologies, the world's third largest smartphone maker, is planning to roll out the first foldable handset with a flexible screen ahead of its bigger rival Samsung Electronics.
Huawei's planned volume could be limited to some 20,000 to 30,000 units, or even less, for a small group of first-wave adopters. The effort is mainly to demonstrate its technology capability and to attract the industry's attention and media coverage."
The report adds that "The premium foldable smartphone will use a flexible organic lighting-emitting diode display manufactured by key homegrown panel supplier BOE Technology Group." For on this read the full report.
While Apple has many patents on a possible future foldable iPhone, in fact was granted a patent for one design last week, Apple is likely to be the usual late comer here, allowing others to stick their necks out until consumers prove they want such an iDevice.
Morgan Stanley Raises Target on AAPL but Issues a Mild Warning
Barron's reported late today that Apple's "stock's received a couple price target boosts today as analysts contemplate what Apple might say. Morgan Stanley's Katy Huberty has dug into the work of quantitative analysts to find that probably the current quarter, not the one that Apple is reporting on later this month, is likely going to be lighter than expected.
Huberty sees Apple probably delivering an "in-line June quarter but providing a slightly weaker-than-consensus September quarter outlook due to a possible October launch of the 6.1-inch LCD iPhone."
We currently see no delay in the ramp of Apple's upcoming flagship 5.8" or 6.5" OLED iPhones. However suspected issues with LED backlight leakage have caused a 1 month delay in mass production of the 6.1" LCD iPhone, although this is down from a 6-week delay baked into the original production forecast, according to suppliers.
Still, Huberty, who has an Overweight rating on the stock, raises her price target to $232 from $214 to reflect the fact that peer stocks are getting more richly valued of late. Check out the Barron's report here for more details.
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