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Analyst opens up coverage of Apple with $260 stock target
As Apple’s stock price continues to lurk in the $200 price range, CLSA Asia-Pacific Markets analyst Steven Fox opened up his firms coverage of Apple with a price target of $260. “Apple’s ecosystem is in the process of meaningfully expanding its reach through an increasingly robust set of applications,” Fox wrote in a recent note […]
Continue reading...Analyst claims Apple receives $450 subsidy for each iPhone sold
23. November 2009
In a recent interview with Bloomberg TV, Broadpoint Amtech analyst Brian Marshall dropped some interesting tidbits about Apple’s exclusive relationship with AT&T. Regarding the subsidy Apple receives from AT&T, Marshall notes that this amounts to $450 for each iPhone sold. Interestingly, Marshall remarks that this subsidy will soon fall to $300 once Apple’s exclusive relationship […]
Continue reading...Apple’s growing boatload of cash [Photo]
12. November 2009
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Apple has a shit ton of cash ($34 billion to be exact) and it’s itching closer and closer to the $40 billion mark. Below, check out the nifty graphic, courtesy of BusinessInsider, which shows just how quickly Apple’s hoarde of cash has grown over the past few years.
Continue reading...How Apple miscalculated the iPhone’s debut in China
10. November 2009
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Last week we reported that iPhone sales in China got off to a lukewarm start, with China Unicom reporting that they only sold about 5,000 devices in the first week since Apple’s iconic smartphone officially went on sale. When the iPhone typically goes on sale in a country for the first time, scenes of crowded […]
Continue reading...Jim Cramer raises Apple stock target to $300, actually raises some good points
28. October 2009
Before Apple released its record breaking earnings report last Monday, Jim Cramer noted on his “Mad Money” TV show that Apple’s earnings would disappoint, and that investors should prepare themselves to “buy Apple on weakness on Tuesday morning.” Apple’s earnings, of course, blew analyst expectations out of the water, and in the following few days, […]
Continue reading...10 years ago today, Apple released OS 9
23. October 2009
On October 23, 1999, Apple released OS 9 (codename: Sonata), and I have fond memories (well, memories) of trucking over to my college bookstore and picking up a copy. I even remember that the cover of the box was green. Some of the new features introduced in OS 9 included the introduction of automatic system […]
Continue reading...Apple welcomes accounting change, but will wait a while before implementing it
21. October 2009
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In late September, the Financial Accounting Standards Board (FASB) voted to allow companies like Apple to recognize income from sales on products like the iPhone at the point of sale, as opposed to spreading out that revenue income over the course of 24 months. This change in accounting led many to believe that Apple’s guidance […]
Continue reading...Jim Cramer is way off base on Apple earnings.. AGAIN
20. October 2009
This isn’t all that surprising really, but take a look at what CNBC talking head Jim Cramer had to say about Apple prior to their earnings announcement yesterday afternoon. “Your game plan next week is to buy Apple on weakness on Tuesday morning,” Jim Cramer said on Friday’s “Mad Money” TV show. He told viewers […]
Continue reading...Apple delivers stellar earnings yet again, sells over 3 million Macs, 7.4 million iPhones
19. October 2009
Apple today released its earnings for the fourth fiscal quarter of 2009, and it smashed through analyst expectations, delivering earnings of $1.82 per dilluted share on revenue of $9.87 billion. During the same quarter a year ago, Apple reported earnings of $1.26 a dilluted share. The consensus on Wall Street was $1.42 a share on […]
Continue reading...Looking ahead to Apple’s earnings conference call
19. October 2009
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Later today, Apple will release its earnings for the quarter gone by and the consensus on Wall St. is that Apple release earnings of $1.42 a share on revenue of $9.2 billion. Here are many analysts are predicting: Mike Abramsky/RBC Capital, $1.47 EPS, 7.5 million iPhones sold and 2.9 million Macs Tony Sacconaghi/Berstein Research, $1.47 […]
Continue reading...iPhone supply issues could affect Apple’s revenue in tomorrow’s earnings report
18. October 2009
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In a note to investors late last week, analyst Yair Reiner of Oppenheimer said that Apple’s reported revenue may come in slightly below expectations due to some trouble Apple had during the quarter keeping up with booming iPhone demand. But in the grand scheme of things, it’s always better to have demand outweigh supply than […]
Continue reading...Analyst: Apple could double iPhone marketshare by ending exclusivity agreements
3. October 2009
Morgan Stanley analyst Kathryn Huberty isn’t exactly spot on when it comes to anticipating Apple earnings, but she raises a good point in a recent note to investors where she lays out a case that Apple could very well double the iPhone’s marketshare by opening up distribution to a number of carriers. No matter how […]
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9. December 2009
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