Apple Watch Ultra With MicroLED Might Be Dead.. Or Not? Mark Gurman 'Doubts' Cancelation Rumors
Portfolio Pulse from Ananya Gairola
Rumors suggest the Apple Inc. (AAPL) Watch Ultra with a microLED display might be canceled, impacting supplier ams-Osram (AMSSY) with a 40% stock drop and potential non-cash impairment charges. However, tech journalist Mark Gurman doubts the cancellation, noting multiple suppliers for the project.
March 01, 2024 | 6:45 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
ams-Osram faces a 40% stock drop and potential non-cash impairment charges due to the rumored cancellation of the Apple Watch Ultra microLED project.
The direct impact on ams-Osram is significant, with a 40% drop in stock price and the potential for substantial non-cash impairment charges. This negative impact is based on the assumption that the cancellation rumors are true, despite skepticism.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 90
NEUTRAL IMPACT
Apple's rumored cancellation of the Watch Ultra with microLED could impact its wearable tech ambitions, but skepticism from Mark Gurman leaves room for speculation.
While the cancellation rumors could potentially harm Apple's stock in the short term due to concerns over its wearable technology strategy, Mark Gurman's skepticism and the lack of official confirmation from Apple suggest that the impact might be neutral until more information is available.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80