Apple Reported to Lowers iPhone X Estimate, Boeing Confirms Embraer Talks

Mukesh Buch
27 Dec, 2017
New York City

Apple is said to have lowered its fiscal 2018 first-quarter sales forecast for iPhone X. Aston Martin recall more than 5,000 vehicles in the U.S. Boeing confirmed talks to acquire Brazil-based jet aircraft maker Embraer.

[R]11:45 AM New York City, New York – Apple is said to have lowered its fiscal 2018 first-quarter sales forecast for iPhone X. Aston Martin recall more than 5,000 vehicles in the U.S. Boeing confirmed talks to acquire Brazil-based jet aircraft maker Embraer.[/R]

Tollbooth Index rose 12.08 to 13,818.60.

Earnings Review

Apple Inc ((AAPL)) fell 50 cents to $170.07 after Taiwan Economic Daily said that the U.S. mobile and media devices maker reduced its fiscal 2018 first-quarter sales forecast for iPhone X by 40% to 30 million units on weaker than expected demand.

Aston Martin Lagonda Limited, the British luxury sports cars manufacturer said in the U.S. it will recall approx 5,500 vehicles to fix the issues with power trains and battery supply cables.

The recalls are expected to starts from February 1, 2018, for 3,493 vehicle for model years 2009 through 2016 and 1,953 vehicles for the years 2005 to 2009 and DB9 and DBS vehicles will be recalled to fix battery supply cables.

The Boeing Company ((BA)) increased 28 cents to $295.65 after the commercial aircraft manufacturer confirmed that it is in talks to acquire Brazil-based jet aircraft maker Embraer SA.

INSYS Therapeutics Inc ((INSY)) slumped 1.5% or 12 cents to $8.08 after the specialty pharmaceutical drug maker today said that the U.S. Food and Drug Administration granted Fast Track designation to the company''s cannabidiol oral solution for the treatment of Prader-Willi syndrome.