Tag Archive | "Finance"
Apple Q2 earnings blow past Wall. St. estimates
Apple once again delivered incredible earnings that blew past Wall St. estimates. For the second quarter of 2011, Apple reported EPS of $6.40 on revenue of $23.34 billion. During the same quarter a year-ago, Apple reported earnings of $3.33 a share on revenue of $13.5 billion, representing an astounding 83% increase in revenue. As for […]
Continue reading...AT&T releases Q1 2011 earnings; iPhone customers not fleeing to Verizon
Wednesday, April 20, 2011
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AT&T earlier today released its earnings from the first quarter of 2011, announcing EPS of $0.57 compared to $0.58 during the same quarter a year-ago. Q1 of 2011 also marks the first time AT&T has had to compete with another carrier carrying the iPhone, so some of AT&T’s data is particularly of interest. AT&T notes […]
Continue reading...Nasdaq to cut Apple’s weighting in the Nasdaq 100 index from 20% down to 12%
Monday, April 4, 2011
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Nasdaq tomorrow will announce plans to re-weight the Nasdaq 100 index to reduce the impact of Apple which currently comprises 20% of the index. The Wall Street Journal reports that the move is the result of Apple stock’s meteoric rise over the past few years and that the recalibration of the index will leave Apple […]
Continue reading...Apple bearing the brunt of higher component costs from supply shortage in Japan
Thursday, March 31, 2011
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According to a new report from DigiTimes, Apple is absorbing an increase in component cost pricing in order to ensure smooth and uninterrupted delivery of parts necessary for iPhone and iPad production. The report notes that other tablet manufacturers, however, may not be as economically free as Apple to absorb increasing part costs, a fact […]
Continue reading...Apple to disclose Q2 2011 earnings on April 20
Tuesday, March 29, 2011
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It’s not nearly as exciting as Wedding season, but earnings season is upon us. Then again, if you’re an Apple investor who’s watched your Apple stock explode in value over the past few years, maybe its even more exciting. Apple today announced that it will release its earnings from its second fiscal quarter of 2012 […]
Continue reading...JMP Securities analyst Alex Guana explains why he downgraded Apple shares
Monday, March 21, 2011
Apple shares took a significant hit last week after JMP Securities Analyst Alex Guana downgraded the stock amid concerns of a manufacturing slowdown at Hon Hai. Seeing as Hon Hai, which owns Foxconn, is an important manufacturing parter of Apple, Gauana deduced that the slowdown must signify a slowdown in Apple manufacturing orders. In short, […]
Continue reading...Apple shares fall 4.46% to $330 on questionable analyst downgrade
Wednesday, March 16, 2011
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For the second straight day, Apple share took a tumble, dropping 15 points and closing out at $330 a share by the end of trading on Wednesday. The 4.46% drop was precipitated by a rare stock downgrade from JMP Securities analyst Alex Gauana who expressed reservations about Apple’s continued ability to grow. Compounding matters for […]
Continue reading...Bill of Materials on the iPad 2 just slightly higher than the original
Wednesday, March 16, 2011
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Apple’s newest iPad continues to fly off store shelves, and though the device comes with some new hardware like front and rear facing video cameras, the device’s BOM (bill of materials) checks in at nearly the same price as the original. iSuppli tore apart the 32GB iPad 2 and found that the GSM model has […]
Continue reading...Apple shareholder Q&A: Apple’s growing pile of cash, Android, and the Mac/PC wars
Thursday, February 24, 2011
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Apple on Wednesday held its annual shareholders meeting where, among other things, an initiative that would force Apple to release its CEO succession plan was voted down. With Steve Jobs out on medical leave, Apple COO Tim Cook presided over the meeting and led up a Q&A discussion afterwards. AppleInsider was in attendance and relayed […]
Continue reading...Analysts raise targets for Apple shares following blockbuster quarter
Thursday, January 20, 2011
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Apple’s recently announced earnings completely trounced Wall Street expectations. With profits rising by 77% and Apple setting quarterly sales records across much of its product line (Macs, iPhones, and iPads), analysts are adjusting their targets for Apple shares accordingly.
Continue reading...Apple profits soar 77% on sales of 4+ million Macs and 16.24 million iPhones
Tuesday, January 18, 2011
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Apple a short while ago released its Q1 2011 earnings and the results were stellar. Apple posted revenue of $26.74 billion and net profits of $6 billion – both company records. Highlighting just how fast Apple is growing, the company posted revenue of $15.68 billion with net profits of $3.38 billion in the year-ago […]
Continue reading...iPhone subsidies may cost Verizon $5 billion in 2011
Monday, January 10, 2011
Bloomberg reports that with Verizon poised to announce the availability of the iPhone on their network, the nation’s largest carrier may end up spending anywhere between 3 and $5 billion in subsidies, temporarily eating into their profits int he process. “You basically write customers a $400 check,” said New York-based Hodulik, who rates parent Verizon […]
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Wednesday, April 20, 2011
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