Having learned the pitfalls of exorbitantly high product pricing , Apple shocked everybody when they released the original iPad for only $499. While that now seems to be the going rate for any base model tablet these days, remember that in the weeks preceding the iPad launch, many were anticipating Apple’s tablet to fall in […]
Continue reading...4. August 2011
Comments Off on Apple still has an insanely low P/E ratio [Chart]
A few weeks ago, Apple delivered blowout earnings that completely demolished Wall Street’s expectations. For the June quarter, Apple posted revenue of $28.57 billion, setting a new all-time quarterly record. Following Apple’s stellar earnings report, Apple shares began to aggressively climb upward where they would eventually top the $400/share barrier and reach an all-time intraday […]
Continue reading...29. July 2011
Comments Off on Without the iPhone, Sprint continues to bleed
Sprint Nextel this past quarter reported losses of $847 million, or $0.28 a share. At the root of Sprint’s monetary troubles is its inability to attract new subscribers and keep the one’s it has – though during the quarter gone by they did manage to snag more new subscribers than AT&T.
Continue reading...19. July 2011
Comments Off on Apple demolishes Wall Street expectations with record revenue and EPS of $7.79
Android who? Android what? Apple today released its financial results from its third fiscal quarter of 2011 and the results are staggering. In the quarter gone by, Apple sold 20.34 million iPhones and 9.25 million iPads, representing growth of 142% and 183% respectively from the same quarter a year-ago. That helped propel Apple to post […]
Continue reading...14. July 2011
Comments Off on iPhone deals in China may prove to be $70 billion opportunity for Apple
In the wake of reports that Apple is poised to sign an iPhone deal with China Telecom, the third largest carrier in China behind China Unicom and China Mobile, analyst Brian White of Ticonderoga Securities issued a note to investors writing that such a deal may potentially increase Apple’s bottom line by upwards of $9 […]
Continue reading...23. June 2011
Comments Off on Survey finds strong interest in iTunes Match amongst iPhone users
Yeah yeah, Apple’s new iCloud service doesn’t support streaming, but it’s all about significant, yet incremental, updates right? Besides, it’s not as if iCloud is completely forgettable. On the contrary, what Apple introduced at WWDC a few weeks ago is pretty darn compelling. We can only hope, of course, that the company has learned from […]
Continue reading...15. June 2011
Comments Off on Pandora IPO: $3 billion value at $16 a share
As expected, Tim Westergren and co. this week filed an IPO with the assistance of Morgan Stanley and J.P. Morgan and managed to raise approximately $235 million at $16 a share and 14.7 million shares of issued stock. The stock subsequently opened up today at $20/share before rising to $23/share, meaning that the streaming music […]
Continue reading...23. May 2011
Without aberration, Apple posts record breaking earnings results quarter after quarter. And while Apple’s stock has skyrocketed considerably over the past couple years, it still seems that Wall St. isn’t giving the stock a fair shake. In an in-depth piece on the matter for Seeking Alpha, Andy Zaky delves into Apple’s financials and explores why […]
Continue reading...10. May 2011
By John Hiesler: In an era where PC growth is declining, Apple is the lone company actually seeing an uptick in PC sales. More than that, because Apple offers a unique and non-commoditized experience, the margins it enjoys for each Mac sold is the envy of the entire industry. In the most recent quarter, Apple […]
Continue reading...28. April 2011
Comments Off on Apple Engineering VP Bob Mansfield sells 99% of his Apple shares
By Josh Rosenthall With Apple shares trading at about $14 below its all-time high, Apple executive Bob Mansfield thought it’d be a good idea to trade in a boat load of his AAPL shares and turn some of that paper money into money in his bank account. Mansfield is currently Apple’s Senior VP of Hardware […]
Continue reading...21. April 2011
Comments Off on iTunes delivers record-breaking $1.4 billion in revenue during Q2 2011
There was a plethora of information discussed yesterday during Apple’s earnings conference call, but one item that seemingly flew under the radar was the performance of iTunes during Apple’s most recent quarter. Historically, iTunes has been a break-even proposition for Apple and has been positioned largely as a means to sell high margin hardware. The […]
Continue reading...20. April 2011
Comments Off on 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 […]
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8. August 2011
Comments Off on Apple’s iPad enjoys design efficiencies competitors simply can’t match