Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
GT Advanced Technologies (NASDAQ: GTAT) shares are trading sharply lower following AppleInsider concerns and comments from CLSA analyst Mark Heller.
AppleInsider
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
According to AppleInsider, the rumored 5.5 inch iPhone is facing production issues, which may push back launch to 2015. GT Advanced Technologies is expected to produce a the front panel for the device, which is supposedly one of the parts Apple (NASDAQ: AAPL) is having trouble with. AppleInsider says the concern involves touch screen sensitivity.
CLSA
Mark Heller of CLSA slashed his estimates of GT Advanced Technologies’ sapphire product revenue by 50 percent on production difficulties. Although Heller expects Apple to continue to incorporate the firm’s technology, he says straightening out production will take time.
Related: SunTrust Explains Twitter user Estimates
The note also stated that GT Advanced Technologies will not produce sapphire for the upcoming iWatch, although much of Wall Street disagrees.
Price Action
GT Advanced Technologies has been one of the most controversial companies on Wall Street as investors speculate on the amount of integration the company will have with Apple. Although shares are down 6.3 percent Monday morning, the company’s value has risen by 64.5 percent in 2014. Shares were last trading at $15 on high volume.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.