This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Apple Jumps, BlackBerry Bends: Tech Winners & Losers

NEW YORK (TheStreet) -- Apple (AAPL) shares rose 1.84% to $461.05 as RBC Capital Markets analyst Amit Daryanani wrote that the tech giant would announce the iPhone 5S, along with a more affordable iPhone, later this year.

Daryanani's channel checks suggest that Apple is working to launch both phones in the June or July time frame. That corresponds with recent rumors that Apple would announce a new iPhone this summer, as it refreshes its product line up. Daryanani believes the lower-end iPhone will have plastic casing, no Retina display, and be targeted toward the sub-$400 price point. "Apple is going to capitalize on the low-end Smartphone market by launching a new phone that will address what we consider to be a ~500M total addressable market in CY14," Daryanani wrote in the report.

He believes a lower cost iPhone would be worth an additional $22 billion in revenue and $5 in earnings in 2014, "which suggests the product could be worth $50+ to [Apple's] stock price."


BlackBerry (BBRY) shares fell 0.25% to $16.12 as the company is launching its BlackBerry Z10 smartphone in the U.S. today.

Raymond James analyst Tavis McCourt said despite the fact BlackBerry is seeing some positive data on initial demand for the BlackBerry 10 platform, especially in light of some recent data points, competition is increasing, and fast.

"We believe BBRY's launch in the strategically important US market will run into intense competition as Samsung, Apple, HTC and Nokia refresh their line-ups," McCourt wrote in the note.

The Z10 is slated to launch on AT&T (T), with Verizon (VZ) carrying it as of March 28. Sprint (S) is not carrying the Z10. BlackBerry's keyboard phone, the Q10, will launch in June, so not having the phone available immediately on the three major carriers is a hindrance.


Salesforce.com (CRM) shares rose 2.17% to $176.47 after the cloud computing giant announced a four-for-one stock split, effective next month.

Salesforce, which recently reported fourth-quarter earnings, is increasing the number of its shares outstanding, bulking-up to 1.6 billion from 400 million. Shareholders of record at the close on April 3, 2013 will be eligible for the split, and will receive an additional three shares for every outstanding share held at that time.

The company, led by CEO Marc Benioff, said in the press release that it expects the additional shares to be distributed by the transfer agent on April 17, and will begin trading split-adjusted on the next day, April 18, 2013.

--Written by Chris Ciaccia in New York

>Contact by Email.

Stock quotes in this article: AAPL, BBRY, T, VZ, CRM 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs