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Why analysts covering Apple are full of it
At last weeks WWDC, Apple unveiled a slew of upgrades and price cuts across its MacBook Pro line, with one of the more interesting announcements being the introduction of a new 13-inch MacBok Pro for under $1200. Apple also slashed $300 off the price tags for the MacBook Air and the 17-inch MacBook Pro. And […]
Continue reading...Analysts raise Apple estimates in wake of WWDC
10. June 2009
Financial analysts responded with enthusiasm to Apple’s announcements at the WWDC keynote on Monday. Kaufman Brothers analyst Shaw Wu upped his 12 month price target for Apple Stock to $176, up from $160 Ben Reitzes of Barclay’s upped his price target of Apple Stock to $173, up from a previous target of $155 Staying strong […]
Continue reading...If you would have bought Apple Stock instead…
26. May 2009
If you’re reading this blog, the odds are fairly high that you’ve bought a number of Apple products over the years. A desktop here, a laptop there, maybe a few iPods.. well you get the idea. But what if instead of making a particular Apple purchase, you used that money to buy shares of Apple? […]
Continue reading...Morgan Stanley upgrades Apple Stock with $180 price target
26. May 2009
Flip-flopping Morgan Stanley analyst Kathryn Huberty recently raised her price target for Apple Stock to $180, up from a previous target of $100. Huberty noted that the “iPhone is leading earnings growth that the market is missing”, while also “emerging as the clear leader in the battle over the mobile internet.” The core of our […]
Continue reading...Pair of analysts upgrade price targets on Apple Stock
11. May 2009
As Apple’s stock price continues its slow and steady ascension to the $130 range, it received a small bump today in the form of 2 analyst upgrades. Following a trip to Cupertino and a visit with Apple CFO Peter Oppenheimer, Kaufman Brothers analyst Shaw Wu increased his target price on Apple to $160, up from a previous […]
Continue reading...Palm feeling pressure to release the Pre ASAP, WWDC to blame?
29. April 2009
We still have no clue as to when the Palm Pre is exactly gonna drop, but we do know that it’ll be sometime before the end of June. Now, PalmWebOS Blog is reporting, citing a contact who works at Sprint headquarters, that “the pressure to release the device quickly is unbelievable”, and that the new […]
Continue reading...The abusrdity of Wall Street
24. April 2009
Apple, which just announced stellar earnings and astronomical iPhone growth is down in today’s trading. Microsoft, which just reported a drop in revenue for the first time in 23 years, is currently up $1.57.
Continue reading...Microsoft reports drop in revenue for first time in 23 years
23. April 2009
The New York Times reports: For the first time in Microsoft’s 23-year history as a public company, its sales dropped year-over-year. Microsoft, the world’s largest software company, said Thursday that its revenue fell 6 percent, to $13.7 billion from $14.5 billion, in the quarter that ended March 31. And it reported net income of $3.0 […]
Continue reading...Apple surpasses earnings expectations, stock up nearly 4 pts in after-hours trading
22. April 2009
Did somebody say ‘recession’? If so, Apple apparently didn’t get the memo. As a number of tech companies continue to struggle to stay afloat in this tough economic environment, Apple has once again exceeded expectations with its latest earnings report. Apple handily beat Wall Street earnings estimates by a whopping 24 cents!, reporting EPS of […]
Continue reading...Apple Earnings Conference Call Preview – Analyst Predictions
21. April 2009
Tomorrow afternoon at 5 PM Eastern Standard Time, Apple will release its 2Q results. Apple’s EPS guidance ranges from 90¢ to $1 on revenue of $7.8 Billion. For the year, the Wall Street consensus is EPS of $5.78 on revenue of $36.59 Billion. For the quarter at hand, the general expectation on Wall St. is […]
Continue reading...More analysts up estimates on Apple
16. April 2009
With Apple’s earnings conference call fast approaching, a slew of analysts have been releasing revised earnings estimates and price targets for Apple. Most recently, Goldman Sachs analyst David Bailey upped his price target for Apple Stock from $105 to $125. For the quarter Baily anticipates EPS of $1.07 on revenue of $8 Billion. The general […]
Continue reading...Analyst ups target for Apple Stock to $152
13. April 2009
Kaufman Bros. analyst Shaw Wu recently did an about face and upped his target price for Apple stock up to $152. His previous target was $120. Some of the factors playing into Wu’s new and more Bullish outlook on Apple include the upcoming WWDC conference in June, a new iPhone model, and the impending launch […]
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15. June 2009
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