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Why Steve Jobs isn’t speaking at Macworld
Though seemingly coming out of left field, Steve Jobs’ decision not to speak at the Macworld keynote this January makes a lot of sense for a number of reasons. First of all, Macworld expectations got out of control and put too much pressure on Apple to deliver amazing products at arbitrary times. Second, it’s the […]
Continue reading...BREAKING NEWS: Steve Jobs not speaking at MacWorld; Apple wont participate in MacWorld after 2009
16. December 2008
in an announcement that’s taken every one by surprise, Apple has announced this is the last year that they’ll be participating in the Macworld Expo in San Francisco. And if that wasn’t news in and of itself, the company also announced that showman extraordinaire Steve Jobs would not be delivering the keynote speech this year. Instead, […]
Continue reading...Goldman Sachs downgrades Apple stock, cites lack of new product at Macworld
15. December 2008
Apple shares tumbled downward today after an analyst at Goldman Sachs downgraded the company, citing weak consumer spending and the feeling that Apple wasn’t likely to introduce a new and sensational product at Macworld. Earnings estimates for Apple were cut to $4.75 a share, down from an initial estimate of $5.13 per share. Apple’s price […]
Continue reading...Morgan Stanley drops price target for Apple down to $95
11. December 2008
Morgan Stanley analyst Kathryn Huberty cut her target for Apple's stock down to $95, five dollars less than her previous target of $100. She also lowered expected 2009 iPhone sales to 14 million, down from an original projection of 19 million. First of all, let me go off on a quick tangent here and briefly say, that most analysts are, to be blunt, clueless. Take the recent brouhaha about a $99 iPhone at Walmart for example. One day an analyst says that a $99 iPhone is inevitable. The next day another analyst says that Apple has to release a cheaper iPhone in order to boost sales. Then word gets out that a $99 iPhone isn't happening, and other analysts jump in with the benefit of hindsight and boldly declare that a $99 iPhone was never feasible in the first place. First of all, let me go off on a quick tangent here and briefly say, that most analysts are, to be blunt, clueless. Take the recent brouhaha about a $99
Continue reading...Reports: iPhone coming to Walmart, but not for $99
8. December 2008
First there’s a $99 iPhone at Walmart. Then there isn’t. Then there is. Rinse and repeat! Well, it seems that we’re finally getting a little bit of clarity on this ever changing rumor. Reports, verified by financial juggernaut Bloomberg, indicate that the iPhone will indeed be coming to Walmart, but not at the low low […]
Continue reading...Apple was the 5th busiest retail site on Cyber Monday
8. December 2008
The Monday after Thanksgiving was the largest online shopping day of the year, and despite having no significant sales, Apple was the 5th busiest site on the web. Fortune has the full scoop over here.
Continue reading...$599 Apple netbook in the works?
7. December 2008
AppleInsider reports that Ezra Gottheil, an analyst from Technology Business Research (TBR), believes that current economic conditions have created an opportune time for Apple to release a netbook in the near future. Instead, he and TBR are confident that Apple will release a computer in the netbook class within the first half of next year, […]
Continue reading...App Store surpasses 300 million downloads
5. December 2008
Apple ran an advertisement in the New York Times today which noted that there have been over 300 million downloads from the iTunes app store and more than 10,000 applications available. The ad also highlighted a number of business, music, and entertainment applications currently available for download. This is a continuing trend in Apple’s efforts […]
Continue reading...Bullish Apple analyst trims Apple estimates for 2009
4. December 2008
Everyone’s favorite Apple analyst, Gene Munster of Piper Jaffray, has lowered his estimates for Apple’s 2009 earnings citing slower growth attributed to broader economic conditions and weak consumer spending. AppleInsider reports: Although there’s no evidence to suggest that Mac sales have slowed thus far, analyst Gene Munster cited “low visibility” into next year’s environment as […]
Continue reading...Palm revenue takes a huge hit, Treo’s are MIA
3. December 2008
What’s the opposite of a product that ‘sells like hotcakes’? A Palm Treo, apparently. CNET reports: The latest dose of bad news? Revenue for Palm’s second fiscal quarter, which ended last week, will be just $190 million to $195 million, the company announced Monday ahead of its December 18th conference call. Wall Street analysts had […]
Continue reading...Apple sales remain robust during Black Friday weekend
1. December 2008
AppleInsider reports that Apple sales this Black Friday weekend went well despite less than ideal economic conditions. “Crowds remain the norm in the Apple Stores that we visited, with some having lines outside the stores even after the initial early-morning rush,” Goldman Sachs analyst David Bailey wrote in a report summarizing his firm’s observations on […]
Continue reading...The iTunes App store is thriving
30. November 2008
Charles Teague over at DragonStyle has done some interesting research on the iTunes app store which highlights the tremendous growh the iTunes app store is experiencing. The following charts are reproduced with permission, and encapsulate all applications currently available in the iTunes app store. There are currently over 9000 apps available for sale in the […]
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17. December 2008
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