Tag Archive | "Finance"
RIM sells 100 millionth BlackBerry as quarterly profits increase 43%
Back in the late 80’s, the 30/30 club in Baseball (30 homers + 30 steals) was considered an incredible feat, and players who were able to pull it off were often considered the cream of the crop. In tech, the 100 million club seems to the modern day equivalent to what was once a heralded […]
Continue reading...Analyst raises Apple stock target to $375
Wednesday, June 23, 2010
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In a recent research note issued to investors, Chris Whitmore of Deutsche raised his price target for Apple shares to $375, the highest target we’re aware of. Apple is beginning the strongest product cycle in the company’s history, led by the iPad and iPhone 4 release later this week. Initial demand for the new iPhone is incredibly […]
Continue reading...Gene Munster raises stock target on Apple shares to $348
Monday, June 21, 2010
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Piper Jaffray analyst Gene Munster issued a note to investors last Wednesday upping his target price for Apple shares to $348, up from a previous target of $330. Regarding the iPhone, Munster now expects Apple to sell 9.5 million units in the June quarter alone, up from a previous estimate of 8.5 million units.
Continue reading...Jobs on Apple surpassing Microsoft in Market Cap
Wednesday, June 16, 2010
Steve Jobs, keeping things in perspective, on Apple surpassing Microsoft in Market Cap a few weeks ago. “It doesn’t matter very much. It’s not what’s important. It’s not what makes you come to work in the morning…It is a little surreal.”
Continue reading...Analyst raises 2010 iPad sales estimate to 10 million, ups AAPL stock target to $332
Monday, June 14, 2010
Following last Monday’s Keynote address, Morgan Stanley analyst Katy Huberty issued a research note to investors predicting iPad unit sales to reach 10 million in 2010. Huberty’s previous iPad sales estimate was 6 million units. Accordingly, Huberty raised her target price for Apple stock to $332, up from a previous target of $310. Under Huberty’s […]
Continue reading...Analyst: T-Mobile may get the iPhone before Verizon
Thursday, June 10, 2010
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Move over Verizon, T-Mobile may be jumping to the front of the line in the ongoing race amongst carriers to join AT&T as a heralded iPhone provider. In recently issued research report, analyst Shaw Wu of Kaufman Brothers writes that T-Mobile may start carrying the iPhone by 2011, and as early as this fall. Much […]
Continue reading...Merril Lynch analyst ups Apple stock target to $325
Tuesday, June 1, 2010
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Bank of America Merril Lynch analyst Scott Craig must have anticipated the strong iPad launch that hit 9 countries this past weekend. Late last week, Craig issued a bullish report on Apple to investors where he upped his stock target for Apple shares to $325, up from a previous target of $300. We believe multiple […]
Continue reading...As Apple’s market cap passes Microsoft’s, CEO Steve Ballmer isn’t concerned
Monday, May 31, 2010
Is Microsoft’s Office and Windows empire crumbling before our very eyes? Not really, but there’s no denying that Microsoft continues to find itself flatfooted and unable to deliver anything of interest in the high-tech mobile market. So while the folks at Redmond continue to rake in cash hand over fist, the bulk of their profits […]
Continue reading...Apple’s market cap surpasses Microsoft, Apple now only trails Exxon Mobil
Friday, May 28, 2010
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Earlier this week, Apple’s market cap surpassed Microsoft’s, making it the second largest corporation in the US behind Exxon. 9 to 5 Mac came up with the snazzy chart below which measures Apple and Microsoft’s stock performance under a progression of CEOs. As you can tell, Microsoft started taking a dive almost right when Steve […]
Continue reading...Katy Huberty of Morgan Stanley ups Apple stock target to $310, with potential for $400/share down the line
Monday, May 24, 2010
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In a recent investor note, analyst Katy Huberty of Morgan Stanley upped her 2011 iPhone sales estimate to 61.5 million units, a whopping 25% higher than the current consensus on Wall Street. Factoring into Huberty’s newfound bullishness on Apple are a few factors which Fortune summarizes thusly: The percentage of current iPhone customers planning to […]
Continue reading...NPD data shows Mac sales up 33% year over year while iPod sales slump – iPad to blame?
Monday, May 17, 2010
Fortune highlights a recent investor report from Piper Jaffray’s Gene Munster and in short, April looks to have been a great month for Apple with Mac sales up an impressive 33% year over year, well above the 19% increase expected by Wall Street. Munster anticipates that Apple will report Mac sales of 3.1 to 3.2 […]
Continue reading...iPad appears to be cannibalizing netbook sales
Thursday, May 6, 2010
In the months leading up to the iPad announcement, analysts would often ask Apple COO Tim Cook, during earnings conference calls, about Apple’s plans to enter or combat the emerging netbook market. Cook, described by colleagues as a straight shooter, was unabashed in his and Apple’s disinterest in creating a netbook device. During one particularly […]
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Friday, June 25, 2010
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