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Analyst urges Apple to be more transparent with.. analysts
Perhaps speaking to the power wielded by analysts, UBS tech analyst Steve Milunovich recently reiterated his “Buy” rating on Apple shares, while also mentioning that Apple may stand to learn something from IBM to the extent that Big Blue will meet with analysts and clue them in as to what’s coming down the pipeline. IBM […]
Continue reading...Citigroup lowers Apple’s Q2 forecast citing weakening iPad and iPhone demand
6. March 2013
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The bad news keeps poring in for Apple. Sure, the company continues to post record breaking profits seemingly every quarter, but the buzz on Wall Street is that Apple may have peaked, thanks in part to the increased success of Samsung’s lineup of Galaxy smartphones. Earlier today, Citigroup issued a lukewarm reports regarding Apple’s sales […]
Continue reading...As Apple shares continue to plummet, Warren Buffet advises to buy back shares
4. March 2013
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Apple just can’t seem to do anything right in the eyes of Wall Street these days. Despite record setting profits and tremendous prospects for growth ahead, the company’s share price continues to drop. As of Monday morning, shares of Apple are down $7.04 for the day, trading at $423.49 per share. Overall, this is the […]
Continue reading...Apple now makes more money from iTunes than it does from the iPod
4. February 2013
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Amazing how quickly the times change. AppleInsider reports: In the winter quarter (Apple’s fiscal Q1), the company reported “iTunes Software and Services” revenues of $3.69 billion and accessory sales of $1.83 billion. Those figures represented year over year growth of 22 and 25 percent over the year ago quarter (despite that previous quarter having an […]
Continue reading...Apple’s Q1 2013 earnings set records for revenue and profits, Wall St. not impressed
23. January 2013
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Apple issued its earnings for the quarter gone by and posted revenue of $54.4 billion and profits of $13.1 billion. That compares to revenue of $46.3 billion in the same quarter a year-ago and profits of $13.1 billion. And keep in mind that last year’s quarter encompassed 14 weeks while Apple’s 2013 Q1 quarter encompassed […]
Continue reading...63% of Verizon’s Q4 2012 smartphone activations were iPhones
22. January 2013
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Verizon earlier today released their earnings figures for Q4 2012 and recorded 9.8 million smartphone activations, of which 6.2 million were iPhones. And of that 6.2 million figure, nearly half were iPhone 5s. By way of contrast, Verizon in the holiday quarter of 2011 recorded 7.7 million smartphone activations of which 4.2 million where iPhones. […]
Continue reading...All eyes are on Apple’s 2013 Q1 earnings; Street expects EPS of $13.34
22. January 2013
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All eyes will be on Apple tomorrow afternoon as the company will release its earnings results from the recent holiday quarter. This earnings release will be especially important for Apple investors in light of the recent report regarding Apple’s scaling back of iPhone display orders and the corresponding drop in share price. Recently, shares of […]
Continue reading...Was Apple’s $500 close on Friday the result of market manipulation?
21. January 2013
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On Friday, Apple shares closed at exactly $500 a share, and in the wake of reports regarding a bevy of call option activity some believe that forces of market manipulation may have been rearing their ugly heads. Specifically, it’s been reported that there are approximately 60,000 call options betting that shares of Apple would be […]
Continue reading...The motivation to keep Apple shares down until January 19
15. January 2013
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With all of the controversy and speculation surrounding Apple’s cutback in iPhone 5 display orders, some skeptics are alleging that this is simply nothing more than a classic “lets manipulate Apple’s share price before earnings” type of game. To that end, John Gruber directs us to this interesting piece from Joe Springer back in November. […]
Continue reading...Bernstein Research analyst Toni Sacconaghi lowers target for Apple shares
20. December 2012
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Forbes reports on a research note from analyst Toni Sacconaghi from Bernstein Research. While keeping an outperform rating on Apple stock, Sacconaghi scaled back his price target for Apple shares from $800 down to $750 while also lowering his 2013 EPS estimate from $50.57 a share to $49.41. Here are some of his key conclusions […]
Continue reading...John Sculley – People are underestimating just how well Apple is run
6. December 2012
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Writing for the Motley Fool, Meena Krishamsetty relays a quote from former Apple CEO John Scully regarding Apple’s current business operations. On the current situation Apple is in, Sculley had this to say: ‘I think they’re going through a very significant change now in terms of product cycles. Traditionally Apple introduces products once a year; […]
Continue reading...Apple owns the world’s largest hedge fund
22. October 2012
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With over $100 billion in the bank, Apple is one of the most profitable entities on the planet. And lest you think that the money is just whittling away in a savings account, think again. Though it’s not well known, Apple owns the largest hedge fund in the world. Located at 730 Sandhill Road in […]
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8. March 2013
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