BofA Securities released a research note based on the list of Apple's suppliers which named companies that could potentially benefit from an Apple product cycle. BofA named electronics manufacturers Jabil and Flex as potential beneficiaries and noted Apple accounted for 17% of Jabil's revenue in 2023.
Shares of United Parcel Service, Inc. (NYSE: UPS) fell sharply during Tuesday’s session after the company reported worse-than-expected fourth-quarter sales results and issued FY24 sales
Corning Inc (NYSE: GLW) reported Q4 FY23 sales decline of 10% to $3.27B, beating consensus. Sales grew in Display, declined in Optical Comm, and improved in Life Sciences. Q1 outlook below consensus.