Tag Archive | "Finance"
Verizon reports 21% drop in profits, plans to sell the Palm Pre in January
Verizon reported its quarterly earnings earlier today and while overall revenue was up 11.3% to $26.9 billion, profits fell 21.2%. Verizon’s lack of a strong smartphone in its fleet was apparent when it disclosed that the average revenue it receives per customer comes in at around $51. This is a slight drop off from what Verizon reported […]
Continue reading...Apple dominates $1000+ computer market
Thursday, July 23, 2009
June data compiled by the NPD analysts reveals that when it comes to the $1000+ computer market, Apple enjoys a 91% market share. Joe Wilcox writes: According to NPD, in June, average selling prices for all PCs sold at US retail was $701, or $690 for desktops and $703 for notebooks. But the ASPs get […]
Continue reading...Apple earnings estimate from a random blog commenter is more accurate than those from Wall St. analysts
Wednesday, July 22, 2009
Before Apple released its earnings report on Tuesday, we decided to conduct a little test to see just how full of shit analysts really are. We took a look at what the consensus for Apple’s earnings would be among Wall St. analysts, and we added into the mix the prediction of a random commenter we […]
Continue reading...Apple destroys earnings estimates, sells 5.2 million iPhones and 2.6 million Macs
Tuesday, July 21, 2009
Apple today reported its earnings from its third fiscal quarter and reported earnings of $1.35 a share on revenue $8.34 billion. Last year during the same quarter, Apple reported earnings of $1.19 a share on revenue of $7.46 billion. Apple’s solid earnings report utterly destroyed analyst estimates, which anticipated earnings of $1.17 a share on […]
Continue reading...Apple Earnings Preview – What the analysts are predicting
Monday, July 20, 2009
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Tomorrow after the market closes, Apple is set to announce its earnings for the quarter gone by. Below is a chart, courtesy of CNN, encapsulating a number of analyst predictions about the numbers Apple will reveal. Note how the estimates from the unqualified analysts are a lot higher than the ones from the Wall Street […]
Continue reading...With only 1% share of worldwide cellphone market, Apple accounts for 20% of profits
Monday, July 20, 2009
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Say what you will about Apple, but one thing’s for sure, they sure know how to make money. In a recent report on the cellphone industry, Deutsche Bank analyst Brian Modoff found that even though Apple’s worldwide share of the cellphone market only comes in at 1%, it accounts for 20% of the industry’s profits. […]
Continue reading...JP Morgan raises earnings estimates and stock target for Apple
Friday, July 17, 2009
Analyst Mark Moskowitz of JP Morgan recently raised his target price for Apple Stock to $167.50, up from a previous target of $155. As an aside, since when do analysts give out price targets for stocks that include 50 cents? In any event, Moskowitz anticipates Mac sales of 2.5 million for the quarter, an increase […]
Continue reading...Analyst advises investors to sell Microsoft stock
Thursday, July 16, 2009
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Electronista reports: In a rare move, Argus Research analyst Jackson Turner today reversed his recommendations and urged investors to sell Microsoft stock. He cautions that the market has “shrugged off” real threats to its operating system business and that neither investors nor Microsoft have fully realized that the iPhone, as well as Google platforms like […]
Continue reading...Credit Suisse anticipates Apple earnings of $1.13 per share
Wednesday, July 15, 2009
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A few days ago, Credit Suisse analyst Bill Shope wrote in a note to clients that he expects Apple to report earnings of $1.13 a share on revenue of $8.14 Billion. Shope expects Apple to report 4.24 million iPhones sold for the quarter, with shipments of 2.4 million Macs. The consensus among analysts for Apple’s […]
Continue reading...Apple expected to report stellar earnings next week
Tuesday, July 14, 2009
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Apple’s next earnings conference call is scheduled to take place on Tuesday July 21, 2009 and initial rumblings suggest that Apple is going to announce a blowout quarter. In a televised segment for CNBC last Friday, Jim Cramer predicted that Apple will report numbers that will “blow your socks off.” Take that one for what […]
Continue reading...Apple to hold earnings conference call on July 21
Tuesday, June 30, 2009
Apple announced today that it plans to hold an earnings conference call relating to its third fiscal quarter on Tuesday July 21, 2009 at 2:00 PM Pacific Standard Time. Last quarter, Apple performed brilliantly as it surpassed $10 billion in quarterly revenue for the first time in its history, while recording its highest quarterly earnings […]
Continue reading...Why Apple shareholders shouldn’t give a !@#% about Steve Jobs and disclosure
Monday, June 29, 2009
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While every weenie is up on their soapbox talking about how Apple misled investors, despite the fact that Jobs was on a voluntary 6-month medical leave of absence, people haven’t taken the time to notice that Apple’s share price is the highest its been in over 21 months. When it comes to Apple, people will […]
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Monday, July 27, 2009
Comments Off on Verizon reports 21% drop in profits, plans to sell the Palm Pre in January