JP Morgan: Key Apple News 'Slightly Negative' - Apple (NASDAQ:AAPL)

JP Morgan's Rod Hall outlined three news events that he is watching for on Apple Inc. AAPL. Today, these concern the Apple Watch, as well as news from Xiaomi about strong Chinese smartphone sales.

Apple Insider - Apple Watch Performance Problems to be Fixed with Software Update Ahead of April 24 Launch: Early versions of the Apple Watch, which goes on sale Friday, have shown some "performance problems" related to how Apple and third-party apps function. However, Apple is planning to issue an update that will improve the speed of third-party apps ahead of the launch. Hall said that the impact here is neutral.

Apple Insider - Apple Watch Performance Problems to be Fixed with Software Update Ahead of April 24 Launch: Early versions of the Apple Watch, which goes on sale Friday, have shown some "performance problems" related to how Apple and third-party apps function. However, Apple is planning to issue an update that will improve the speed of third-party apps ahead of the launch. Hall said that the impact here is neutral.

Los Angeles Times – Early Apple Watch Reviews are Mixed: It could be those performance problems or other challenges with the Apple Watch battery life, but some early reviews of the Watch are negative. Some reviews even said that the user interface was "confusing," causing many of the "leading edge tech adopters" to wait until version 2 before buying. Hall says that this story is a "slight negative."

Re/Code – Xiaomi Sells $335 Million Worth of Phones in 12 Hours: Chinese phone-maker Xiaomi sold more than 2 million phones in 12 hours, but JP Morgan's Rod Hall said that the event will not impact Apple's bottom line – at least at the moment.

Apple is shrugging off any news ahead of tomorrow's Watch launch. The stock is 0.3 percent higher in premarket to $126.01.

Market News and Data brought to you by Benzinga APIs