Shares of Apple are getting dinged off a report demand for its latest iPhone is slowing. Meanwhile, Yahoo might be headed toward a massive reorganization.
Let’s look at tech stocks to watch Tuesday:
Apple. Shares sunk 2.3% in pre-market trading after Credit Suisse reported demand for the iPhone 6s has waned. According to Street Insider, Apple lowered component orders for the new smartphones by as much as 10%. The company set a record during the opening weekend of the 6s and larger 6s Plus, selling 13 million smartphones.
Yahoo. The media company hired consulting firm McKinsey and Co. to explore a huge reorganization that would include closing several units, reports Re/code. The firm is meeting with top executives to determine how to reorganize once Yahoo completes the spinoff of its stake in Chinese e-commerce giant Alibaba.
Wayfair. Shares surged 3.4% after the online home furnishings service reported third-quarter earnings. Net revenue hit $594 million, up 77% compared to the same time last year. The company also reported a loss of 13 cents a share, better than Wall Street expected.
Cisco. The networking giant reports first-quarter earnings after the markets close Thursday. Analysts are projecting revenue of $12.65 billion with earnings of 56 cents a share.
Comcast. The cable giant says it will force 200,000 to reset passwords after learning user information was being sold online. Comcast says the information did not come from a breach of its network.
Follow Brett Molina on Twitter: @brettmolina23.
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