What JPMorgan's Rod Hall Is Watching On Monday


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JPMorgan's Telecom & Networking Equipment analyst Rod Hall releases a daily publication of key stories he is following. Here is a recap of five key developments the analyst highlighted.1. Nokia Corporation (ADR)

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(NYSE: NOK) announced it plans on creating a new JV in China by combining its Nokia China business with Alcatel-Lucent Shanghai Bell which will be called "Nokia Shanghai Bell."2. Commscope Holding Company Inc (NASDAQ: COMM) finalized its $3 billion acquisition of TE Connectivity Ltd (NYSE: TEL)'s Telecom, Enterprise and Wireless businesses.3. Apple Inc. (NASDAQ: AAPL)'s television service is reportedly on hold due to ongoing negotiations with content owners while the negotiation processes may have stalled over the $40 per month pricing.Hall offered his opinion on the news, noting that content owners could charge a "healthy premium" for its content but "would not leave much room" for Apple in the way of profits. In addition, anything above a $40 price point would result in Apple offering a service at an "uncompetitive" price-point.4. Hall sees a "high likelihood" that Apple will introduce a 12.9-inch iPad this fall wit shipment for most of the components starting in early September. The analyst argued that the new iPad could "blur the lines" between an iPad and a laptop.5. BlackBerry Ltd (NASDAQ: BBRY)'s CEO John Chen said that the company's devices need more applications, but the executive "stopped short" of confirming that future handsets will run on a version of Android.

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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.


Posted In: Analyst ColorAnalyst RatingsApple TViPadjohn chenJPMorganNetworking Equipmenttelecom