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Apple grossly undervalued compared to other Tech companies
Andy Zaky is at it again, and provides an interesting analysis detailing how Apple is shockingly undervalued compared to other tech heavyweights. There really is no rational reason why Apple has fallen as much as it has while other Tech companies seemingly stay relatively better positioned. At the same time, Apple is one of the […]
Continue reading...Should Apple initiate a stock buy-back?
30. October 2008
Analyst Toni Sacconaghi of Sanford Bernstein suggested today that Apple should use part of its 25 Billion dollars in cash to buy back a good portion of its shares. Sacconaghi speculates that such a move could increase Apple’s earnings by as much as 75 cents a share in 2009. This, of course, sounds incredible — […]
Continue reading...Toys ‘R’ Us to sell full assortment of iPod models
28. October 2008
It was reported two weeks ago that Toys ‘R’ Us would start stocking and selling iPods, and now word is getting out that Toys ‘R’ Us will be selling all iPod models in special iPod boutique areas, similar to how Best Buy sells its Apple products. With almost every teenager owning some sort of iPod, […]
Continue reading...Rogers profits jump on iPhone sales
28. October 2008
Canada’s largest wireless provider, Rogers Communications, grossly exceeded earnings estimates on sales of 255,000 iPhones, which doubled its net income for the quarter. Rogers reported earnings of 73 cents a share, beating analyst estimates of 51 cents a share. Bloomberg has the full scoop over here.
Continue reading...Why there won’t be a $99 iPhone anytime soon
27. October 2008
According to Needham Research analyst Charlie Wolfe, Apple has room to cut the price of its iPhone in half, devastate competitors in the process, and go on to rule the smartphone market. There’s only one problem: Wolfe is dead wrong, and provides no analysis to back up his assertions. There are a number of reasons […]
Continue reading...iPod takes on a dimished role in Apple’s earnings – And that’s a good thing
27. October 2008
Andy Zaky over at Bullish Cross has an interesting article discussing the decreased role of the iPod in Apple’s earnings. Zaky notes that the iPod only accounted for 14.2% of Apple’s revenue this past quarter. There are two things at work here: One, it was inevitable that iPod sales would eventually taper off as the […]
Continue reading...Steve Jobs heart attack story was started by a teenager
23. October 2008
The recent hoax involving a fake rumor about Steve Jobs having a heart attack was started by a teenager, according to a recent report from Bloomberg. Less than a month ago, someone posted a story onto iReport, a user generated news website run by CNN, stating that Steve Jobs had suffered a heart attack and […]
Continue reading...More on Apple’s stellar earnings
23. October 2008
Bullish Cross has the scoop here. “In its recently reported fiscal fourth quarter, Apple’s adjusted net income grew approximately 124.6% from $1.085 billion in Q4 2007 to $2.437 billion in Q4 2008—an extraordinary number when fully accounting for iPhone sales in both periods. Just as impressive is Apple’s 75.1% grow rate in sales. Apple’s adjusted […]
Continue reading...Analyzing the Analysts after Apple’s Q4 Earnings Report
22. October 2008
With Apple’s Q4 Earnings report behind us, it’s time to go back and see how the analysts did. The most accurate estimates are highlighted in green, and the least accurate are highlighted orange. As you can see below, most iPod estimates were more or less in the right ballpark, while iPhone estimates were all over […]
Continue reading...More Analysts react to Apple’s Earnings Report
22. October 2008
More analysts have come out with updated targets for Apple. AppleInsider has the scoop here.
Continue reading...USB and Credit Suisse downgrade Apple Stock
22. October 2008
Today Credit Suisse cut its target price for Apple stock down to $110 from a previous target of $145. USB also downgraded their target price for Apple down to $115 from a previous target of $125 citing market uncertainty and deteriorating economic conditions. Interestingly enough, Apple is trading up 7 points today on the good […]
Continue reading...AT&T activates 2.4 million iPhones in summer quarter
22. October 2008
A huge portion of AT&T’s summer business can directly be attributed to the success of the iPhone 3G. Between the launch of the new iPhone in July and the end of September, AT&T activated 2.4 million iPhones. AppleInsider and electronista have the scoop here.
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30. October 2008
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