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Posts Tagged ‘Apple Stock’

Apple’s next iPhone launch could be most important in smartphone history

Wednesday, April 18th, 2012

Apple’s iPhone 4S marked the biggest device launch in the company’s history. A number of industry watchers and news sites were expecting a completely redesigned handset, but despite the new model’s striking resemblance to the iPhone 4, it sold more than 4 million units in its debut weekend alone. According to Goldman Sachs analyst Bill Shope, Apple’s next smartphone launch will be even bigger. Read on for more.

“The iPhone 5 launch is likely to be one of the most important smartphone product cycles we’ve seen to date,” Shope wrote in a note to investors on Wednesday. Shope raised his price target on shares of Apple stock to $750 from $700, and said earlier concerns over the possibility that carriers might dial back iPhone subsidies are off base.

“We believe this concern is overblown,” Shope wrote. “While some carriers will attempt to reduce the subsidy burden and tighten upgrade policies, many more will likely hold steady to capture share from the latter camp. In the end, all carriers are attempting to migrate their installed bases from feature phones to data-centric smartphones, and amid this transition, we think the risk of losing market share in the iPhone sub-segment is likely to be too great to ignore.”

The analyst continued, “On a shorter-term basis, we believe the building rhetoric for lower subsidies and tighter upgrade policies is likely to fade to a whimper, as vendors prepare their marketing strategies for the iPhone 5 refresh later this year.”

BGR reported this past December that Apple will launch a redesigned iPhone in the fall with a unibody case and a new antenna system. A separate report on Wednesday claimed that Apple will utilize Liquidmetal alloys in the next-generation iPhone’s case.

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J.P. Morgan increases Q1 iPhone and iPad estimates

Tuesday, April 3rd, 2012

J.P. Morgan analyst Mark Moskowitz has made “significant increases” to both his iPhone and iPad sales projections for the first quarter of 2012, raising his price target on Apple stock from $625 to $715, Apple Insider reported on Tuesday. The analyst previously estimated that Apple would ship 28.1 million iPhones in the first quarter of 2012, however he now believes shipments will reach 31.1 million units. Full-year iPhone shipments for 2012 are now expected to total 138.2 million units. Moskowitz thinks Apple’s next-generation smartphone will launch in the second half of 2012 and include a “thinner body and LTE capability.” He projects iPad shipments to reach 13.8 million in the first quarter, up from his earlier estimate of 10.1 million units, and his full-year shipment estimate was raised to 69.6 million tablets, up from 59.8 million. Apple will also “refresh its MacBook portfolio, including the Air, in the next three months,” Moskowitz wrote in his note to investors. He continued by saying that the company needs to improve its specifications and features while introducing lower price points to stay ahead of the “Ultrabook crowd.”

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Apple stock hits $600 ahead of new iPad launch

Thursday, March 15th, 2012

Shares of Apple stock briefly jumped above $600 shortly before the market opened on Thursday as investors anticipate the launch of the new iPad. Apple’s iPad, which is already available in Australia, launches in preliminary markets at 8:00 a.m. local time. The tablet features a new high-resolution 2,048 x 1,536-pixel Retina Display, a faster dual-core Apple A5X processor, an upgraded 5-megapixel camera and an option for integrated 4G LTE connectivity. Shares of Apple stock had dipped back below $600 at the time of this writing.

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A single share of Apple stock now costs more than an iPad

Monday, February 13th, 2012

The “Apple is worth more than” meme has gotten plenty of play over the past year, but a new measure of Apple’s success emerged on Monday that is as simple as it is monumental: a single share of Apple stock now costs more than an iPad. As of the open of the market on Monday, Apple’s stock rose just above $499 — the entry-level price of Apple’s iPad 2 — undoubtedly on its way to $500 and beyond. The Cupertino-based firm that once teetered on the brink of bankruptcy and was saved in part by a $150 million investment from Microsoft is now worth more than Microsoft and Google combined. Read on for more.

Apple shares exploded last month after the company reported earnings for its first fiscal quarter. The firm’s $13.06 billion in profit was the most ever recorded in a single quarter by a technology company, and the second most ever recorded by any company in the United States.

Apple now has more than $100 billion in cash — the company reported that the total value of its cash and marketable securities reached $97.6 billion at the end of the first fiscal quarter — and it is about to unveil a brand new version of its popular iPad tablet, the Retina Display-equipped iPad 3. Apple is then expected to enter brand new territory for the firm when it launches the “iTV” this summer, and a completely redesigned iPhone will likely follow this fall.

No company stays on top forever, but things aren’t expected to slow down any time soon for Apple. In fact, those sky-high price targets some scoffed at last year really aren’t looking so outlandish anymore. OK, maybe a few of them still are.

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‘iPhone frenzy’ to drive huge Q1 for Apple

Wednesday, January 18th, 2012

By all accounts, Apple is preparing to report the biggest quarter in the company’s storied history on January 24th, fueled by solid Mac sales, strong iPad demand and unprecedented iPhone sales. And despite Wall Street’s high expectations, a number of analysts are still expecting Apple to beat the Street when it reports its first fiscal quarter earnings next Thursday. RBC Capital Markets’s Mike Abramsky on Wednesday told clients that an “iPhone frenzy” in Apple’s December quarter will result in a solid first-quarter beat, and the analyst raised his target on Apple stock as a result. Read on for more.

Abramsky sees Apple reporting revenue of $40.2 billion for the first fiscal quarter, representing 50% growth over the December quarter in 2010, with earnings of $11.00 per share. Wall Street is expecting Apple to report $38.7 billion in revenue and EPS of $9.95.

RBC estimates that Apple shipped 32 million iPhones in the first quarter, including 8.5 million iPhones shipped to AT&T, 4.2 million shipped to Verizon and 1.5 million units shipped to Sprint, and another 17.8 million iPhone shipped internationally. Abramsky notes that end user sales were solid as well, with “unprecedented iPhone sell-through,” and “stockouts in multiple regions.”

The firm also sees Apple having shipped 13 million iPads in the first quarter along with 5.1 million Mac computers. In the second fiscal quarter, Abramsky is looking for guidance of $32 billion in revenue and earnings of $8.00 per share while the Street’s consensus sits at $31.8 billion and $7.94. He also reiterated his Outperform rating on Apple stock and raised his price target to $525 from $500.

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‘iPhone frenzy’ to drive huge Q1 for Apple

Wednesday, January 18th, 2012

By all accounts, Apple is preparing to report the biggest quarter in the company’s storied history on January 24th, fueled by solid Mac sales, strong iPad demand and unprecedented iPhone sales. And despite Wall Street’s high expectations, a number of analysts are still expecting Apple to beat the Street when it reports its first fiscal quarter earnings next Thursday. RBC Capital Markets’s Mike Abramsky on Wednesday told clients that an “iPhone frenzy” in Apple’s December quarter will result in a solid first-quarter beat, and the analyst raised his target on Apple stock as a result. Read on for more.

Abramsky sees Apple reporting revenue of $40.2 billion for the first fiscal quarter, representing 50% growth over the December quarter in 2010, with earnings of $11.00 per share. Wall Street is expecting Apple to report $38.7 billion in revenue and EPS of $9.95.

RBC estimates that Apple shipped 32 million iPhones in the first quarter, including 8.5 million iPhones shipped to AT&T, 4.2 million shipped to Verizon and 1.5 million units shipped to Sprint, and another 17.8 million iPhone shipped internationally. Abramsky notes that end user sales were solid as well, with “unprecedented iPhone sell-through,” and “stockouts in multiple regions.”

The firm also sees Apple having shipped 13 million iPads in the first quarter along with 5.1 million Mac computers. In the second fiscal quarter, Abramsky is looking for guidance of $32 billion in revenue and earnings of $8.00 per share while the Street’s consensus sits at $31.8 billion and $7.94. He also reiterated his Outperform rating on Apple stock and raised his price target to $525 from $500.

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Hong Kong iPhone 4S pre-orders sell out in 10 minutes, analyst says

Monday, November 7th, 2011

Apple iPhone 4S pre-orders in Hong Kong sold out within just 10 minutes, analyst Brian White with Ticonderoga Securities said Monday in a note to investors. Pre-orders began last Friday and the phone will officially land in stores this Friday. White estimates that the Chinese market will be key to Apple’s continued growth. The analyst believes Apple’s revenue from “Greater China” — mainland China, Hong Kong and Taiwan — topped $4.5 billion last quarter, a 270% increase from the same quarter in 2010. That figure was 16% of Apple’s total sales, up from the 2% of sales that Greater China represented in 2009. Apple currently owns and operates six official Apple Stores in China. White reiterated a Buy rating on Apple stock with a price target of $666.

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Apple’s iPhone 4 still top-selling smartphone at AT&T, Verizon as iPhone 5 looms

Tuesday, September 6th, 2011

Apple’s iPhone 4 maintained its position as the best-selling smartphone for both AT&T and Verizon Wireless last month despite the fact that the handset is now more than a year old. Canaccord Genuity analyst Mike Walkley on Tuesday raised his price target on Apple stock to $545 from his prior target of $515, reiterating a Buy rating. Walkley reports that checks again showed strong sell-through for the iPhone 4 in August, and he also noted that the addition of Sprint as a likely carrier partner for the iPhone 5 will bolster sales in 2011 and into 2012. “Our August checks indicated the iPhone 4 remained the top selling smartphone at AT&T and Verizon despite consumer speculation regarding the upcoming iPhone 5 launch,” the analyst writes. “Further, we believe Sprint will receive the new iPhone at launch and heavily promote it given the carrier’s unlimited data plan.” Walkley now believes Apple will sell 83 million iPhones in 2011 and 107 million units next year, and he bumped his 2011 iPad sales estimates from 56 million units to 59 million as well.

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IPhone 5 and ‘simplified iPhone 4′ both due out this fall, report claims

Wednesday, August 3rd, 2011

Apple plans to launch two new iPhone models this fall according to a new report: an iPhone 5 and a new “simplified iPhone 4.” In a note to investors on Wednesday, Ticonderoga Securities analyst Brian White cites a Chinese-language report from Sohu.com in stating that Apple and China Telecom have reached a preliminary agreement. The site reports that the leading Chinese carrier will launch two distinctly different iPhone models beginning as early as the end of October — an iPhone 5 and a retooled, less expensive iPhone 4. According to White, the new iPhone 4 model could be “a more economical version of iPhone to target a broader customer base in developing countries such as China, allowing for an expanded market opportunity.” In fact, a new high-end model and a less expensive iPhone 4 could combine to create a long-term $68 billion opportunity through China Telecom alone, the analyst wrote. White reiterated his Buy rating on Apple stock, and he maintains his 12-month price target of $666.

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Apple to begin building iPhone 5 mid to late August, Apple-branded TV in the works, analyst says

Monday, June 27th, 2011

A new report suggests Apple’s manufacturing partners are preparing to begin assembling the next-generation iPhone some time between the middle and end of August. This time frame suggests that a launch might not occur until the second half of September at the earliest. Following a series of meetings in Taiwan, Morgan Stanley analyst Katy Huberty issued the new production timeline in a note to investors on Sunday. “Apple’s next iPhone will begin production in mid to late August and ramp aggressively,” the analyst wrote. Her meetings yielded no information about a new prepaid iPhone that might launch as a complimentary model in September, however. Huberty also reaffirmed reports that Apple is working on a branded television product that could open the door to a massive new revenue stream. “We also believe Apple is in the early design stages for a TV, which could add $19 billion and $4.50 of annual revenue and EPS longer-term,” she wrote in the same note on Sunday. Huberty sees Apple stock as a great purchase for investors in spite of its recent downward trend, and most analysts seem to agree, though the stock continues to drop despite countless favorable ratings from analysts.

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Analysts downgrade Apple stock, cite Foxconn deceleration

Wednesday, March 16th, 2011

Despite ballooning revenues and a record of kick-ass quarterly reports, Apple’s stock has been downgraded from “market outperform” to “market perform” by JMP Securities. The firm said that it made the choice based on the “notable deceleration in [Apple's] primary manufacturing partner Hon Hai (Foxconn) that was emerging even prior to the amplified uncertainty created by developments in Japan.” JMP Securities suggested that Hon Hai’s sales decelerated from 84% year on year in December to 37% in January — then decelerated yet again to 26% in February. As a result, JMP Securities is also dropping its Q2 2011 revenues estimates from $23 billion to $22 billion.

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RBC ups its target for Apple stock to $425 following huge quarter

Wednesday, January 19th, 2011

Just one week ago, RBC Capital Markets Managing Director Mike Abramsky sent a price target revision to investors upping the firm’s target for Apple stock from $365 to $395. Following Apple’s monster quarter, RBC issued a new revision — this time raising its target to $425. Apple’s conservative second-quarter guidance of $22 billion still beat the Street’s $21 billion, and Abramsky points out that Mac shipments grew faster than Windows PC shipments for the 19th consecutive quarter. The firm now expects Apple’s 2011 fiscal year revenue to come in at $99 billion, up from its earlier estimate of $90.8 billion, and FY12 revenue estimates have been upped from $103.3 billion to $108 billion. Abramsky also notes that while Jobs’ medical leave may have a near-term impact on Apple’s stock, the company’s huge momentum remains intact.

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RBC: iPhone sales to hit 70 million in 2011

Wednesday, January 12th, 2011

In a price target revision sent to investors Wednesday morning, RBC Capital Markets Managing Director Mike Abramsky raised the firm’s target for Apple stock to $395 from $365. RBC also raised its revenue estimates, speculating that increased demand and new product launches would drive Apple’s revenue to $90.8 billion in the 2011 fiscal year and $103.3 billion in 2012. Abramsky’s revised figures put Apple’s first quarter revenue at $25 billion, above the Street’s consensus of $24.2 billion, and the second quarter will dip slightly to between $20 and $21 billion. Apple is expected to sell 3 million Verizon iPhones in the second quarter, with unit sales totaling 9 to 10 million in the calendar year. Based on the addition of the Verizon iPhone and strong demand for the upcoming fifth-generation iPhone, which is expected to launch in June or July, RBC estimates that Apple will sell 70 million iPhones in the 2011 calendar year — 19% of the estimated global smartphone market.

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What Should You Have Bought? AAPL Stock or Apple Products? [Stock]

Sunday, April 25th, 2010

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