Tag Archive | "earnings"
Morgan Stanley drops price target for Apple down to $95
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...Bullish Apple analyst trims Apple estimates for 2009
Thursday, December 4, 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...Apple Stock hits 52 week low
Friday, November 21, 2008
Apple’s stock today closed just about $80 a share, representing a 52 week low. This is actually the lowest the stock has been since Apple first announced the iPhone in early 2007. Ironically, Apple’s financials are better than they’ve ever been before, but that doesn’t mean its been able to shield itself from broader economic […]
Continue reading...Apple seems to be recession proof
Friday, November 21, 2008
Despite current economic troubles, new data from the NPD Group indicates that Mac sales are surging. According to Piper Jaffray analyst Gene Munster, Apple is on track to sell a record breaking 2.7 million Macs during the current quarter, up 13% from the same quarter a year ago. As the economy continues to flounder, consumers […]
Continue reading...Apple grossly undervalued compared to other Tech companies
Thursday, October 30, 2008
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?
Thursday, October 30, 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...Rogers profits jump on iPhone sales
Tuesday, October 28, 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...iPod takes on a dimished role in Apple’s earnings – And that’s a good thing
Monday, October 27, 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...More on Apple’s stellar earnings
Thursday, October 23, 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
Wednesday, October 22, 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...Apple Q4 Earnings – What you need to know
Tuesday, October 21, 2008
As Apple gets set to release its earnings later today, the stock is already down as weak earnings within the sector have dragged down tech stocks as a whole. As usual, even if Apple destroys all earnings estimates, the stock will most likely tank if its guidance isn’t up to par with Wall Street’s somewhat […]
Continue reading...Apple set to report Q4 Earnings October 21
Sunday, October 19, 2008
Apple will announce its Q4 earnings this Tuesday, and like usual, even if Apple blows past all estimates, the stock will likely tank if its guidance for the next quarter isn’t up to par with what analysts are expecting. AppleInsider is reporting that one of the key pieces of information analysts will be paying attention […]
Continue reading...
Thursday, December 11, 2008
0 Comments