Tag Archive | "earnings"
AT&T activated 1.6 Million iPhones last quarter
AT&T disclosed its earnings today, and revealed that it activated 1.6 Million iPhones during the past quarter. Amazingly, 40% of those activations were to new AT&T subscribers. During the last quarter of 2008, AT&T activated 1.9 Million iPhones, but that number was undoubtedly bolstered by the shopping-friendly holiday season. AT&T’s EPS for the quarter came […]
Continue reading...Apple Earnings Conference Call Preview – Analyst Predictions
Tuesday, April 21, 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
Thursday, April 16, 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
Monday, April 13, 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 […]
Continue reading...Apple Stores still popular, but revenue on the decline
Tuesday, February 3, 2009
Apple Stores continue to be a popular destination for shoppers, and foot traffic this past quarter was around the same level it was the same quarter a year-ago. The number of purchases, however, appear to have declined significantly, and the average revenue per store was down 17%. Despite lower retail revenue from its Apple Stores, […]
Continue reading...Bullish Apple analyst Gene Munster lowers earnings estimates and price target on Apple
Friday, January 23, 2009
Gene Munster, a bullish analyst on Apple from Piper Jaffray, lowered his 2010 EPS estimate for Apple down to $5.46, from a previous estimate of $7.73. He also lowered his admittedly astronomically high price target of $235 down to $180. While that’s a significant drop, keep in mind that $180 is still more than twice […]
Continue reading...Analyst still down on Apple, and why the iPod market might not be saturated
Friday, January 23, 2009
Apple announced stellar earnings this week, but one analyst remained unimpressed. Last week, RBC analyst Mike Abramsky downgraded Apple to an “Underperform” rating and lowered his price target for the stock down to $70. Surprisingly, though, Abramsky’s view of Apple didn’t change much, if at all, following Apple’s earnings conference call earlier this week. Abramsky […]
Continue reading...Putting Apple’s quarter in perspective
Thursday, January 22, 2009
Yesterday, Apple reported record revenues and profits, an impressive feat by itself, but even more so in today’s tough economic climate. It’s even more impressive when you take a look at how some of the other big name companies fared this past quarter. Sony is expecting a loss of $3 Billion for the year Microsoft […]
Continue reading...Apple obliterates estimates, sells 22.7 million iPods, reports record revenue
Wednesday, January 21, 2009
Apple today released its earnings for its last fiscal quarter, and investors have a lot to cheer about. Apple completely surpassed Wall St. expectations and reported record revenue of $10.17 billion and earnings per share of $1.78. Net profits for the quarter came in at $1.61 billion, another record for Apple. The general consensus among analysts was that […]
Continue reading...RBC downgrades Apple with $70 price target
Sunday, January 18, 2009
RBC analyst Mike Bramsky downgraded Apple to an “Underperform” rating, and lowered his target price for the company to $70, down from an initial target of $125. In explaining his decision, Bramsky argued that current economic conditions are affecting the extent of consumer purchases in electronic devices. He also expressed doubt about Apple’s future given […]
Continue reading...J.P. Morgan analyst lowers Apple’s 2009 earnings estimate
Wednesday, January 14, 2009
An analyst at J.P. Morgan cut his 2009 Apple estimates to $4.75 a share on $34.7 billion in sales, down from his initial estimate of $4.86 a share on sales of $35.6 billion. Consensus estimates for Apple 2009 are $5.05 a share on sales of $36.2 billion. In other financial related news, Apple is set […]
Continue reading...Goldman Sachs downgrades Apple stock, cites lack of new product at Macworld
Monday, December 15, 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 […]
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Wednesday, April 22, 2009
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