After posting disappointing earnings last week, shares of Palm plummeted nearly 20% down to $4.59 a share, marking a new 52 week low for the beleaguered stock. And unfortunately for Palm, it doesn’t seem like there’s much of an upside with a few analysts lowering their price target for Palm all the way down to […]
Continue reading...Thursday, March 11, 2010
Comments Off on Analyst raises target on Apple stock to $260, anticipates 55 million iPhones in 2011
In a recent note to investors Merrill Lynch analyst Scott Craig wrote that Apple is on target to sell approximately 33 million iPhones in 2010, a figure he believes is attainable regardless of whether or not Apple strikes a deal to sell the iPhone on Verizon. Looking forward to 2011, Craig writes that Apple will be […]
Continue reading...Monday, February 1, 2010
Comments Off on Rumor: Apple still in talks with Verizon over iPad
Apple is reportedly still in talks with Verizon to deliver an iPad capable of running on their CDMA network, according to Clayton Morris of Fox News who claims to have spoken to a source at Verizon. Remember, though, that Morris is the same guy who predicted that Apple would unveil 2 versions of the iPad last […]
Continue reading...Friday, January 22, 2010
Comments Off on Rumor: Apple Tablet may run on both AT&T and Verizon network
We’re not exactly sure when FoxNews became a source for Apple rumors, but hey, we’re not complaining. Late Thursday evening, FoxNews reported that Apple is planning to release 2 distinct versions of its upcoming Tablet, with one running on AT&T’s network and the other on Verizon’s. The AT&T part isn’t surprising, given early reports that […]
Continue reading...Monday, December 21, 2009
Comments Off on Does date of rumored WWDC 2010 event hint at the iPhone moving to Verizon?
The Moscone Center in San Francisco is where Apple traditionally holds its annual WWDC event, and over the weekend, people started to notice that the dates between June 28 and July 2 had been booked up on the center’s schedule for what’s listed as a “Corporate Event.” While everyone began to assume that the mysterious corporate event […]
Continue reading...Wednesday, December 9, 2009
Comments Off on Analyst gives iPhone hitting Verizon network 70% chance
In a recent note to investors, Gene Munster of Piper Jaffray wrote that Apple could easily boost iPhone sales by 40% in 2010 by making a CDMA compatible iPhone to run on Verizon’s network. We continue to believe there is a 70% chance that Apple will launch the iPhone with Verizon in mid-CY10. Currently, the […]
Continue reading...Wednesday, December 2, 2009
Comments Off on AT&T drops Verizon lawsuit
In light of its inability to get an injunction to prevent Verizon from running commercials lambasting AT&T’s network, AT&T has decided to drop its lawsuit against the largest mobile carrier in the country. AppleInsider writes: In November, AT&T had asked the court to pull what it felt were “misleading” advertisements from Verizon, criticizing AT&T’s nationwide […]
Continue reading...Wednesday, December 2, 2009
Comments Off on Analyst says iPhone on Verizon in 2010 is “wishful thinking”
Analyst Shaw Wu of Kaufman Brothers recently issued a not to investors outlining why the iPhone hitting Verizon’s network in 2010 is not likely to happen. In short, Wu correctly points out that both Apple and Verizon demand an exorbitant amount of “customer control” and that neither of them are likely to budge during negotiations. […]
Continue reading...Monday, November 23, 2009
In conjunction with the release of the Motorola Droid, Verizon launched a full out ad blitz on the iPhone and AT&T’s network. AT&T even went so far as to sue Verizon and seek an injunction to prevent them from running commercials which they felt painted an inaccurate portrait of AT&T’s network. AT&T also responded with […]
Continue reading...Monday, November 23, 2009
In a recent interview with Bloomberg TV, Broadpoint Amtech analyst Brian Marshall dropped some interesting tidbits about Apple’s exclusive relationship with AT&T. Regarding the subsidy Apple receives from AT&T, Marshall notes that this amounts to $450 for each iPhone sold. Interestingly, Marshall remarks that this subsidy will soon fall to $300 once Apple’s exclusive relationship […]
Continue reading...Wednesday, November 18, 2009
Comments Off on New AT&T commercial fires back at Verizon [Video]
It’s funny how a seemingly innocuous 30 second commercial about 3G cell coverage can ruffle so many feathers. 2 weeks ago, AT&T sued Verizon over a commercial which it claims paints an inaccurate and misleading picture regarding AT&T’s nationwide cellphone coverage. Earlier today, a Federal Judge denied AT&T’s request for an injunction that would have […]
Continue reading...Monday, November 9, 2009
Comments Off on Verizon takes on iPhone with 3 new ads targeting AT&T’s shoddy 3G coverage
Despite rumors that the iPhone will be coming to Verizon in the 3rd quarter of 2009, Verizon is turning on the heat in its on-going promotional campaign lambasting the iPhone and AT&T’s spotty 3G coverage. Over the weekend, Verizon launched 3 new commercials which take over jabs at AT&T’s shoddy network coverage. The first one […]
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Wednesday, March 24, 2010
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