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Apple now largest US maker of phones
Apple recently surpassed Motorola to become the largest US maker of phones. Motorola yesterday released its earnings for the 1Q of 2010 and reported a total of 8.5 million in phone sales. Apple meanwhile sold 8.8 million phones during the same quarter. The fall of Motorola just goes to show how quickly things move in […]
Continue reading...ARM Holdings reports record revenue and profits
28. April 2010
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ARM Holdings, the London-based company whose chip designs reside in nearly 98% of the world’s mobile phones announced this week that it set all-time highs for both revenue and profitability during its most recent quarter. ARM CEO Warren East, who recently dispelled recent rumors that Apple was going to buy his company, explained that the record […]
Continue reading...Nokia shares drop as company still lacks high-end smartphone competitor
23. April 2010
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Nokia shares dropped nearly 15% this week after the Finnish handset maker released earnings that, despite increasing from the same quarter a year-ago, failed to meet analyst expectations. For the first quarter of 2010, Nokia announced earnings of $0.09 a share on revenue of $465 million, a marked increase from the $160 million in revenue […]
Continue reading...AT&T releases earnings, reports 2.7 million iPhone activations
21. April 2010
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AT&T released their earnings for the first quarter of 2010 and reported EPS of $0.42 on revenue of $30.6 billion. AT&T also stated that they activated 2.7 million iPhones during the quarter, and that more than 1/3 of those iPhone users were new AT&T subscribers. During the last quarter, AT&T recorded 3.1 million iPhone activations, […]
Continue reading...Live reporting from Apple’s earnings conference call
20. April 2010
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– 8.75 million in iPhone sales, eclipsing previous record which was during last years holiday quarter – iPhone now sold on 151 carriers across 81 countries – 1.68 billion compared to 1.38 billion, 22 percent increase apple retail stores – Half of Macs sold at Apple Stores were to customers who never owned a Mac […]
Continue reading...Apple reports blockbuster earnings, profits up 90%
20. April 2010
Apple today wowed investors this afternoon with an impressive earnings report that toppled Wall St. estimates yet again. For the 2Q of 2010, Apple reported EPS of $3.33 a share on revenue of $13.5 billion. Net profits for the quarter came in at $3.07 billion, which is nearly 90% higher than Apple’s profits from the […]
Continue reading...Riding wave of strong iPhone and Mac sales, Apple shares are on track to hit $300
15. April 2010
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With Apple’s iPad launch still attracting a lot of press, Apple’s upcoming earnings announcement on Thursday, April 20 is flying a little bit below the radar.
Continue reading...Palm also exploring WebOS licensing and fundraising options
13. April 2010
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Following up on a report that Palm executives are looking to sell the company comes word that it may also be open to licensing its WebOS and/or rallying up a new group of investors. Remember that Palm’s financial situation is pretty fragile at the moment, with some financial analysts predicting that Palm’s share price may […]
Continue reading...Credit Suisse ups Apple stock target to $300
27. March 2010
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As Apple’s share price continues to reach new all-time highs on what seems like a daily basis, Credit Suisse analyst Bill Shope on Friday upped his target for Apple’s share price to $300 citing the potential of the iPad to further solidify Apple’s bottom line. In turn, Shope increased his EPS estimate for the current […]
Continue reading...Apple executives cash in on stock options as Apple share price hits all-time high
26. March 2010
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With Apple’s stock price currently trading at all-time highs, two of Apple’s senior executives thought it’d be a good time to cash in their stock options while the gettins’ good. Writing for BrainstormTech, Philip Elmer-DeWitt reports that Apple COO Tim Cook recently sold 300,000 shares of Apple stock at prices ranging from $226.9 to $230.7. […]
Continue reading...Palm shares hit 52 week low after disappointing earnings
22. March 2010
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When former Apple executive Jon Rubenstein joined the ranks of Palm a while back, it was widely believed that Palm and its new webOS would make a noticeable splash in the smartphone market. Sales of Palm’s flagship device however, the Palm Pre, have been underwhelming and Palm is now skating on financially thin ice. Things […]
Continue reading...Analyst raises target on Apple stock to $260, anticipates 55 million iPhones in 2011
11. March 2010
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In a recent note to investors Merrill Lynch analyst Scott Craig wrote that Apple is on target to sell approximately 33 million iPhones in 2010, a figure he believes is attainable regardless of whether or not Apple strikes a deal to sell the iPhone on Verizon. Looking forward to 2011, Craig writes that Apple will be […]
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30. April 2010
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