Multi-year Agreements, 2014 Outlook, Manufacturing Relocation, Subsidiary Sale, and New Product Offerings - Research Report on Apple, Johnson Controls, Whirlpool, Sony, and Harman International
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NEW YORK, December 30, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Apple Inc. (NASDAQ: AAPL), Johnson Controls, Inc. (NYSE: JCI), Whirlpool Corporation (NYSE: WHR), Sony Corporation (NYSE: SNE), and Harman International Industries, Inc. (NYSE: HAR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Apple Inc. Research Report
On December 22, 2013, Apple Inc. (Apple) announced that it has entered into a multi-year agreement with China Mobile to bring iPhone to China Mobile's 4G and 3G networks. According to the Company, under the terms of the agreement, iPhone 5s and iPhone 5c will be available from China Mobile's expansive network of retail stores and Apple retail stores across mainland China beginning on January 17, 2014. "China is an extremely important market for Apple and our partnership with China Mobile presents us the opportunity to bring iPhone to the customers of the world's largest network," said Tim Cook, CEO of Apple. "iPhone customers in China are an enthusiastic and rapidly growing group, and we can't think of a better way to welcome in the Chinese New Year than getting an iPhone into the hands of every China Mobile customer who wants one." The Full Research Report on Apple Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/e809_AAPL
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Johnson Controls, Inc. Research Report
On December 18, 2013, Johnson Controls, Inc. (Johnson Controls) announced that it expects to report significant earnings growth in 2014 with higher profitability across all three businesses. The Company informed that it anticipates segment income improvement of approximately 15% YoY, diluted EPS of approximately $3.15 to $3.30, consolidated net sales of c.$43.8 billion, up 3% YoY, as well as sales and segment income growth in Automotive Experience, Building Efficiency, and Power Solutions. "Significant transformation activities across the enterprise continue to drive improved execution and profitability," said Alex Molinaroli, CEO of Johnson Controls, "and we are working to leverage and expand our organizational capabilities enterprise-wide utilizing the Johnson Controls Operating System, which will drive new levels of success for the company." The Full Research Report on Johnson Controls, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/32fc_JCI
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Whirlpool Corporation Research Report
On December 20, 2013, Whirlpool Corporation (Whirlpool) reported that it is moving production of its commercial front-load washing machines from Monterrey, Mexico to Clyde, Ohio. The Company stated that the relocation is expected to increase operational efficiencies and align with the Company's strategy of building products in the regions where they are primarily sold. Additionally, Whirlpool informed that approximately 80-100 new jobs will be created in Clyde in the next three years to support the manufacturing relocation. According to the Company, production of the front-load commercial washer platform is expected to begin in the US in April 2014. "We continue to invest in advanced manufacturing processes in our Clyde, Ohio plant where we have a highly skilled workforce, making this a smart, long-term business decision for us," said Jeff Durham, Vice President of U.S. Manufacturing for Whirlpool. "We look forward to ramping up production and building this quality product, for the U.S. and abroad, right here in Clyde Ohio." The Full Research Report on Whirlpool Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/5e55_WHR
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Sony Corporation Research Report
On December 23, 2013, Sony Corporation's subsidiary, Sony Corporation of America (Sony America) announced that it has entered into an agreement to sell all of the shares of its wholly-owned subsidiary, Gracenote, Inc. (Gracenote) to Tribune Company (Tribune) for $170 million subject to standard adjustments. Sony America informed that at the completion of the sale, it expects to record a gain within operating income of c.$60 million based on the aforesaid sale price, subject to standard adjustments. The Company expects the sale to close before March 31, 2014 subject to receipt of certain regulatory approvals. The Full Research Report on Sony Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/cd56_SNE
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Harman International Industries, Inc. Research Report
On December 17, 2013, Harman International Industries, Inc. (Harman) reported the introduction of JBL Studio 2, the new generation of loudspeakers from JBL, its audio electronics company. The Company notified that the new speaker models feature high-definition imaging derived from the JBL Professional M2 Master Reference Monitor. "We're writing a new chapter in JBL's longstanding legacy of providing unrivaled audio reproduction," said Michael Mauser, President of Harman Lifestyle. "JBL's history sets the bar high, but the JBL Studio 2 line lives up to it in every way." The Full Research Report on Harman International Industries, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/fb84_HAR
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