Archive | Finance RSS feed for this section
Apple may consider changes in iPhone accounting methods – and how it might affect earnings
Jim Goldman of CNBC has an interesting piece up where he suggests that Apple may be exploring ways to account for all of its iPhone revenue at the time of sale, instead of spreading out the cost of purchase over a period of 24 months as it does nwo. As it stands now, there is […]
Continue reading...SEC investigating insider trading of Apple shares
1. September 2009
The Huffington reports that the SEC is investigating what may be turn out to be insider trading of Apple stock. I have obtained copies of those internal SEC documents from a regulatory contact. Interestingly, the nature of its interest shows that the commission is not investigating, as is usually the case, the trading that occurred […]
Continue reading...Analyst ups Apple estimates – anticipates a low-end MacBook, the iPhone on Verizon, and a stock buyback, but is skeptical of a tablet
24. August 2009
Doug Reid, of the research firm Thomas Weisel, recently upped his 2009 EPS estimate for Apple to $5.38 and his 2010 EPS estimate to $6.51. His previous estimates for 2009 and 2010 came in at $5.38 and $6.51 respectively. In light of his new earnings predictions, Weisel also set a price target for Apple stock […]
Continue reading...Apple’s retail stores continue to boom, with Fifth Avenue location in NYC earning $35,000 per square foot
24. August 2009
Comments Off on Apple’s retail stores continue to boom, with Fifth Avenue location in NYC earning $35,000 per square foot
While every other major retailer is experiencing a slow down in sales, Apple’s line of retail stores continue to impress, a fact which is no more evident than at the Apple Store located on Fifth Avenue in New York City.
Continue reading...RBC analyst puts $250 price target on Apple Stock
18. August 2009
Comments Off on RBC analyst puts $250 price target on Apple Stock
Shares of Apple Stock edged a bit higher yesterday after RBC analyst Mike Abramsky raised his price target for Apple to $250, up from a previous target of $190. “Our outlook reflects continued iPhone share gains in domestic and international markets, driven by distribution expansion, more innovations in devices and user experience,” Abramsky wrote in […]
Continue reading...How much do the top cell phone manufacturers make? [Infographic]
13. August 2009
Comments Off on How much do the top cell phone manufacturers make? [Infographic]
Apple’s smartphone revenue only represents 8% of the entire industry’s earnings, but its profits comprise 32% of total industry profits. via iSmashphone
Continue reading...USB ups Apple target to $170
10. August 2009
Comments Off on USB ups Apple target to $170
Citing impressive MacBook sales and the expansion of the iPhone 3GS beyond 8 countries, USB analyst Maynard Um upped his target price for Apple stock to $170, up from a previous target of $160. Calling Apple a “short term buy”, Maynard also factors in the rumored Apple tablet, but cautions investors that Apple’s margins might […]
Continue reading...Analyst sees Apple Stock hitting $335 by 2012
6. August 2009
Jon Markman of MSN Money lays out the case for Apple’s stock price hitting $335 by 2012. To project a $335-a-share price in three years, I am just looking for 15% earnings growth and a return to the premium price-earnings multiple that is accorded to industry leaders. General Mills is growing at 8% and gets […]
Continue reading...Apple accounts for 32% of worldwide cellphone profits in first half of 2009
5. August 2009
Comments Off on Apple accounts for 32% of worldwide cellphone profits in first half of 2009
Despite only accounting for 8% of the handset industry’s revenue, Apple’s iPhone accounted for 32% of the industry’s profits during the first half of 2009, according to Bernstein Research analyst Toni Sacconaghi who explained the reasons behind Apple’s success: With the iPhone and its Apps Store, Apple has established a formidable smartphone ecosystem, which history […]
Continue reading...Analyst ups Apple target to $185
4. August 2009
Citing the iPhone’s high margins and its first mover advantage in the smartphone market, Sanford Bernstein analyst Toni Sacconaghi raised his target for Apple stock up to $185, up from a previous target of $165. Sacconaghi, though, notes that if Apple wants to continue increase the iPhone’s worldwide market share, it still needs to make […]
Continue reading...Rob Enderle was bullish on MSFT stock hours before Microsoft reported its worst quarter in 23 years
30. July 2009
Comments Off on Rob Enderle was bullish on MSFT stock hours before Microsoft reported its worst quarter in 23 years
Last week, Microsoft reported disappointing earnings, missed 4Q analyst estimates, and saw their profits fall by a staggering 29%. A few hours earlier, everyone’s favorite “analyst”, Rob Enderle, appeared on CNBC and was particularly bullish about Microsoft’s financial prospects. “I’m expecting some really good news in terms of outlook for [Microsoft]. They just released their […]
Continue reading...Verizon reports 21% drop in profits, plans to sell the Palm Pre in January
27. July 2009
Comments Off on Verizon reports 21% drop in profits, plans to sell the Palm Pre in January
Verizon reported its quarterly earnings earlier today and while overall revenue was up 11.3% to $26.9 billion, profits fell 21.2%. Verizon’s lack of a strong smartphone in its fleet was apparent when it disclosed that the average revenue it receives per customer comes in at around $51. This is a slight drop off from what Verizon reported […]
Continue reading...
1. September 2009
2 Comments