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Apple to release 4th quarter earnings on October 19th
Earlier this week, Apple announced that it would be announcing its earnings report for the quarter gone by on October 19th. Apple’s 4th fiscal quarter ended last Saturday, the 26th of September. At Apple’s last earnings conference call, CFO Peter Oppenheimer told analysts that Apple expected revenue for the current quarter to come in anywhere […]
Continue reading...Analysts starting to catch on as more raise earnings estimates and stock targets for Apple
1. October 2009
As the Apple money making and iPhone manufacturing machine continues to press on forward, analysts are finally starting to come around and acknowledge that there’s still a lot of room for Apple to grow.
Continue reading...Report: Palm laying off workers, disappointing Pre sales may be to blame
1. October 2009
Palm has started laying off employees as a cost saving measure in the face of lower then expected Palm Pre sales, according to a recent blurb on CoolSmartphone. Since Palm first introduced the Pre to the public at CES 2009, the Pre, rightly or wrongly, has been typecast as a true competitor to the iPhone. […]
Continue reading...Analyst ups target on Apple Stock to $210, anticipates low cost MacBook sometime soon
30. September 2009
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Analyst Doug Reid of Thomas Weisel recently upped his price target for Apple stock to $210, up $30 from his previous target of $180. And with Apple already trading at $185, you might say that his previous stock target was quite outdated. Moving along, Apple’s fiscal quarter ends this month, and Reid anticipates revenue of […]
Continue reading...Apple stock surges to 52 week high of $188 a share
23. September 2009
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Earlier today, Apple’s stock price capped off an impressive run by hitting a 52 week high of $188 a share, though it eventually closed out the trading day at $185 a share. The chart below, courtesy of BusinessInsider, highlights Apple’s run to 180 over the past 11 or so months, and how varying Apple related […]
Continue reading...Accounting board approves rule change re: recognition of iPhone revenue
23. September 2009
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Today, the Financial Accounting Standards Board (FASB) voted to allow companies like Apple to recognize income from sales on products like the iPhone instantaneously, as opposed to spreading out the revenue income over the course of 24 months, as Apple currently does due to accounting regulations. The rule change will not officially go into effect […]
Continue reading...Vote on proposed accounting change for iPhone revenue to take place tomorrow
22. September 2009
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For some time now, analysts have pointed out that Apple’s share price doesn’t appropriately reflect the true financial health of the company, with the reason being that Apple spreads out the revenue it earns from each iPhone sale over a period of 24 months. Because Apple periodically offers iPhone users significant software updates, current accounting […]
Continue reading...Can Apple shares double again?
18. September 2009
With shares of Apple currently trading at a 52 week high of $185, one has to wonder how much higher it can go in light of reports that Apple may soon recognize all revenue from iPhone sales at the time of purchase, instead of spreading it out over a period of 24 months. Stevan Sidahmed […]
Continue reading...Did Jim Cramer help boost Apple’s share price today?
16. September 2009
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Apple shares closed out trading today at $181.87 a share, up $6.71 for the day, and marking the highest the stock has reached in the past year. Could this impressive climb have anything to do with recent comments by CNBC analyst Jim Cramer where he predicted that Apple’s stock will climb to $264 a share […]
Continue reading...Jim Cramer anticipates Apple stock price to hit as high $264
15. September 2009
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Under current accounting rules, Apple must recognize income for every iPhone sold over a 24-month period rather than recognize the full purchase price at the moment of sale. This obviously dilutes the ability of Apple’s share price to accurately reflect its current financial well-being. But there is word that Apple may soon be granted special […]
Continue reading...Analyst predicts Apple stock to soar to $235 on strength of iPhone sales
15. September 2009
In a recent note to investors, analyst Charlie Wolf of Needham & Co. anticipates that Apple’s stock price could very well hit $235 in the next 12 months, in large part due to accelerated iPhone growth. By exploiting a commanding lead in the all-important smartphone applications market, the iPhone is in a position to chalk […]
Continue reading...Analyst: iPhone in China could boost Apple EPS by 4 cents a share
9. September 2009
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With the iPhone set to arrive in China sometime during the 4th quarter, analysts are already trying to figure out the extent of Apple’s deal with China Unicom on Apple’s bottom line. While there’s no way to predict how the iPhone will perform in the Chinese market, USB analyst Maynard Um speculated in a note […]
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2. October 2009
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