TECH STOCKS: Apple Gains Lift Tech; GoPro Shares Slide

By Rex Crum, MarketWatch

SAN FRANCISCO (MarketWatch) -- Apple Inc. was among the tech gainers Monday following a report that suggested the company's new iPhones may be taking market share from Android-based devices.

Apple (AAPL) edged up by 18 cents a share to $100.92. Canaccord Genuity analyst Michael Walkley said that surveys of consumers and supply chains indicate that sales of the larger-screen iPhone 6 and iPhone 6 Plus indicate "a greater mix of Android smartphone consumers switching to the iPhone 6 smartphone" than after the launch of Apple's iPhone 5 series of phones.

Outerwall Inc. (OUTR) shares rose more than 3% to $53 after analyst Eric Wold, of B. Riley, raised his rating on the operator of Redbox DVD-rental kiosks to neutral from sell. Wold said that many of the risks to the stock expected over the next year are already forecast into Outerwall's share price.

Mild gains also came from Facebook Inc. (FB), Pandora Media Inc. (P), Oracle Corp. (ORCL) and LinkedIn Corp. (LNKD).

Yahoo Inc. (YHOO) was down by 1% at $39.22 despite getting upgraded by BCG Capital analyst Colin Gillis to buy from hold. Gillis also raised his price target on Yahoo's stock to $50 a share from $37, and said he based his upgrade on a "sum-of-the-parts" value for Yahoo now that there is a public valuation for Alibaba Group (BABA), which was off by 18 cents a share at $85.70 Monday.

GoPro Inc. (GPRO) was one of the day's biggest decliners, as the wearable-camera maker's shares fell 7.5% to $78.64. A report from France said Formula One racing star Michael Schumacher's brain injury from a skiing accident in 2013 was caused by a GoPro camera that had been mounted on Schumacher's head.

The tech-heavy Nasdaq Composite Index (RIXF) rose 20 points to 4,296 and the Philadelphia Semiconductor Index (SOX) rose 1%.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires