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Is Apple stock cheap at the moment?
With Apple’s stock price currently hovering under $245, Chad Brand of Seeking Alpha lays forth the argument that the stock is actually undervalued at the moment. Despite my roots as a value manager, in recent weeks I have been a fairly aggressive buyer of Apple shares. Such an investment may not seem appropriate for a value [...]
Continue reading...Apple’s enormous stockpile of cash - much ado about nothing
16. August 2010
You know that scene from the opening of Duck Tales where Scrooge McDuck dives into a big ole’ pool filled to the brim with money and gold coins? Well, with over $46 billion in assorted securities to Apple’s name, you could easily build such a pool on Apple’s campus, fill it with money, and still have [...]
Continue reading...Independent analyst anticipates Apple share price to hit $400 by early 2011
12. August 2010
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When it comes to predicting Apple’s quarterly financial reports, resourceful Apple finance guru Andy Zaky consistently bests everybody on Wall Street. In a recent piece contributed to CNN, Zaky writes that Apple’s stock valuation may very well hit $400 a share by early 2012 at the latest. If there is one thing that readers should take [...]
Continue reading...Analyst raises stock target for Apple stock to $375
9. August 2010
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Bullish Apple analyst Charlie Wolf is blown away by Apple’s fundamentals - so much so that he recently upped his stock target on the stock from $280 to $375. Here’s why: Explosive iPad sales.“We forecast that iPad sales would reach 20 million in 2019, the final year in our valuation exercise. iPad sales are already tracking over [...]
Continue reading...LG reports record loss
29. July 2010
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Bloomberg reports: LG Electronics Inc., the world’s third-biggest mobile-phone maker, reported a record loss at its handset business after lagging behind Apple Inc. and smartphone makers in selling models that send e-mails and surf the Internet. Losses from mobile phones totaled 120 billion won ($101 million) in the second quarter, compared with profit of 620 billion won [...]
Continue reading...Microsoft posts best Q4 results in company history
22. July 2010
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Techcrunch reports: Microsoft has just reported its earnings for Q4 2010 (their fiscal calendar is a bit odd). Given Apple’s blockbuster quarter announced on Tuesday, there was a lot of talk that Apple would surpass Microsoft in revenue for the first time in recent history. That hasn’t happened. Instead, Microsoft had its best Q4 ever with [...]
Continue reading...Handset Profits - Apple vs. everyone else
22. July 2010
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In just 3 short years, Apple came out of nowhere and revolutionized the entire notion of what a smartphone is. And though its total share of the handset market is still low (try 3%), the profits Apple rakes in from iPhone sales are anything but. Moreover, Apple’s iPhone profits are greater than the handset profits from RIM, Motorola, Nokia, HTC, and [...]
Continue reading...Breaking down Apple’s record setting Mac sales
21. July 2010
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Apple announced yesterday that it sold 3.47 million Macs during the quarter gone by, representing a “new quarterly record and a 33 percent unit increase over the year-ago quarter.” This achievement is all the more remarkable given that it took place during a non-holiday quarter. Breaking down the 3.47 million figure, Apple sold 1 million desktops during [...]
Continue reading...JP Morgan ups Apple stock target to $400
21. July 2010
Following Apple’s blowout Q3 quarter which saw the company’s profits increase an astounding 77%, JP Morgan analyst Mark Moskowitz upped his target for Apple’s share price to $400. We reiterate our Overweight rating and increase our Dec-11 price target to $400, from $390 previously. Apple is also on the J.P. Morgan Analyst Focus List. While the media-driven [...]
Continue reading...Apple delivers blockbuster earnings, again
20. July 2010
Apple today reported its earnings for the third fiscal quarter of 2010 and posted earnings of $3.51 a share on revenue of $15.7 billion, an all-time record for Apple. The consensus on Wall St. anticipated EPS of $3.11 on revenue of $14.75 billion. By way of comparison, during the Q3 of 2009, Apple’s earnings checked [...]
Continue reading...Apple’s 2010 Q3 Earnings - what Wall Street analysts expect
20. July 2010
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Philip Elmer-DeWitt of Fortune does us all a favor with this spreadsheet detailing what Wall St. analysts and Apple financial bloggers expect to see when Apple releases its earnings for the Q3 of 2010 later this afternoon. Don’t be surprised to see the predictions of the unaffiliated analysts be a lot accurate than what many [...]
Continue reading...Apple set to release earnings tomorrow as revenue race with Microsoft narrows
19. July 2010
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Tomorrow afternoon, Apple will release its earnings from the quarter gone by. Over the past few quarters, Apple has consistently blown by analyst estimates while delivering jaw dropping results that continue to pleasantly surprise both analysts and investors. Moreover, some anticipate that when Apple and Microsoft both release their earnings later this week, Apple’s quarterly revenue [...]
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31. August 2010
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