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Apple Stock closes at all-time high; Apple now has 4th largest Market Cap in the US
When the markets closed this past Friday, Apple’s stock price was up over 8 points and finished the day trading at $218.95 a share, marking the highest share price Apple has ever traded at in its entire history. There are a few things to take away from this.
Continue reading...Analyst ups Apple earnings estimates, anticipates 2.2 million iPads sold in 2010
27. February 2010
While Palm is busy warning Wall Street about lower than expected earnings, Apple, per usual, seems to be firing on all cylinders. Last week, analyst Toni Sacconaghi raised his FY 2010 and 2011 earnings estimates for Apple to $11.67 and $13.73 respectively. Sacconaghi wrote in a note to investors revenue from the iPhone will soon […]
Continue reading...No dividends for Apple shareholders – Jobs prefers to keep cash on hand for “big, bold” acquisitions
26. February 2010
At today’s Apple shareholder meeting, the issue of dividends was brought to the forefront and promptly shot down. As a quick aside, Apple hasn’t payed a dividend since 1995 and it doesn’t look like they’ll be paying one anytime soon. Speaking on the matter earlier today, Apple CEO Steve Jobs said that Apple prefers keeping […]
Continue reading...Palm slashes guidance, stock down nearly 16%
25. February 2010
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With Android making a strong push, and RIM and Apple still doing their thang’, Palm’s lineup of WebOS phones have seemingly been marginalized to the fringe of the smartphone market. Earlier today, Palm scaled back its earnings guidance and now expects 3Q revenue to fall somewhere in between $285 and $310 million. The street, however, […]
Continue reading...Analyst: Apple stock on way to $280 on strength of iPhone and Mac sales
12. February 2010
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Needham & Company analyst Charlie Wolf wrote in a note to investors today that Apple’s stock is poised to hit $280 on the strength of stronger than anticipated Mac and iPhone sales. Wolf also anticipates that the upcoming iPad will be a significant revenue stream. Some other variables factoring into Wolf’s stock projection include Apple’s […]
Continue reading...Breaking down Microsoft’s profits by product division [Chart]
10. February 2010
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Telling chart from Silicon Alley Insider breaking down Microsoft’s operating profits by product division. Makes you wonder how much longer they can continue ride the Office wave. And as for the Zune, the XBox and Microsoft’s other entertainment related endeavors, well, let’s just say that Office 2010 is gonna be off the hook!
Continue reading...Apple delivers killer earnings AGAIN, iPhone sales soar 100%
25. January 2010
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You know, it’s almost becoming old hat. Analysts speculate what Apple’s earnings and revenue will come in at, and Apple proceeds to blow those expecations out of the water. A short while ago, Apple released its earnings statement for the quarter gone by, and posted revenue of $15.68 billion and a net profit of $3.38 billion. […]
Continue reading...Piper Jaffray raises target for Apple shares to $279
19. January 2010
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With Apple poised to announce its earnings from the most current quarter next week, Gene Munster of Piper Jaffray sees nothing but dollar signs in Apple’s future. Calling 2010 “The Year of the Mac,” Munster raised his price target on Apple stock up to $279 citing strong and growing Mac sales. For the upcoming December […]
Continue reading...Will change in iPhone accounting skyrocket Apple Stock to $376 and beyond?
15. January 2010
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In 2010, Apple will begin including the full sale price of each iPhone sold into its earnings, as opposed to now where Apple defers the cost of an iPhone over a 24 month period. This revenue deferment often results in analysts underestimating Apple’s financial health as its earnings reports don’t accurately reflect just how much […]
Continue reading...Analysts raise price targets for Apple stock to mid-200’s
28. December 2009
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With a potential Apple tablet announcement just around the corner, and iPhone sales continuing to impress, analysts have raised their price targets for Apple’s share price accordingly. Earlier today, Broadpoint AmTech analyst Brian Marshall upped his target for Apple up to $260 from a previous target of $235. In a note to investors, Marshall called Apple […]
Continue reading...Morgan Stanley analyst sees Apple’s share price hitting $325 in 2010
16. December 2009
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Morgan Stanley analyst Kathryn Huberty doesn’t exactly have the best track record when it comes to Apple, but her latest report is worth taking a look at, if only for here unusually optimistic take on Apple’s stock price. In a recent report, Huberty laid down 3 varying scenarios for Apple’s stock price in 2010 (bear, […]
Continue reading...JP Morgan ups target for Apple stock to $230
14. December 2009
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JP Morgan analyst Mark Moskowitz recently raised his stock target for Apple up to $230, up from a previous targt of $220. For the current quarter, Moskowitz anticipates Mac sales of 3.29 million, iPhone sales of 8.18 million, and iPod sales of 21.97 million.
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6. March 2010
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