Tag Archive | "earnings"
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.
Continue reading...Analyst ups Apple earnings estimates, anticipates 2.2 million iPads sold in 2010
Saturday, February 27, 2010
While Palm is busy warning Wall Street about lower than expected earnings, Apple, per usual, seems to be firing on all cylinders. Last week, analyst Toni Sacconaghi raised his FY 2010 and 2011 earnings estimates for Apple to $11.67 and $13.73 respectively. Sacconaghi wrote in a note to investors revenue from the iPhone will soon account [...]
Continue reading...Palm slashes guidance, stock down nearly 16%
Thursday, February 25, 2010
With Android making a strong push, and RIM and Apple still doing their thang’, Palm’s lineup of WebOS phones have seemingly been marginalized to the fringe of the smartphone market. Earlier today, Palm scaled back its earnings guidance and now expects 3Q revenue to fall somewhere in between $285 and $310 million. The street, however, [...]
Continue reading...Apple delivers killer earnings AGAIN, iPhone sales soar 100%
Monday, January 25, 2010
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You know, it’s almost becoming old hat. Analysts speculate what Apple’s earnings and revenue will come in at, and Apple proceeds to blow those expecations out of the water. A short while ago, Apple released its earnings statement for the quarter gone by, and posted revenue of $15.68 billion and a net profit of $3.38 billion. By [...]
Continue reading...Piper Jaffray raises target for Apple shares to $279
Tuesday, January 19, 2010
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With Apple poised to announce its earnings from the most current quarter next week, Gene Munster of Piper Jaffray sees nothing but dollar signs in Apple’s future. Calling 2010 “The Year of the Mac,” Munster raised his price target on Apple stock up to $279 citing strong and growing Mac sales. For the upcoming December [...]
Continue reading...Will change in iPhone accounting skyrocket Apple Stock to $376 and beyond?
Friday, January 15, 2010
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In 2010, Apple will begin including the full sale price of each iPhone sold into its earnings, as opposed to now where Apple defers the cost of an iPhone over a 24 month period. This revenue deferment often results in analysts underestimating Apple’s financial health as its earnings reports don’t accurately reflect just how much [...]
Continue reading...Jim Cramer raises Apple stock target to $300, actually raises some good points
Wednesday, October 28, 2009
Before Apple released its record breaking earnings report last Monday, Jim Cramer noted on his “Mad Money” TV show that Apple’s earnings would disappoint, and that investors should prepare themselves to “buy Apple on weakness on Tuesday morning.” Apple’s earnings, of course, blew analyst expectations out of the water, and in the following few days, [...]
Continue reading...Apple welcomes accounting change, but will wait a while before implementing it
Wednesday, October 21, 2009
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In late September, the Financial Accounting Standards Board (FASB) voted to allow companies like Apple to recognize income from sales on products like the iPhone at the point of sale, as opposed to spreading out that revenue income over the course of 24 months. This change in accounting led many to believe that Apple’s guidance for [...]
Continue reading...Some final notes of interest from Apple’s earnings conference call
Wednesday, October 21, 2009
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Here are a few interesting tidbits relayed by COO Tim Cook and CFO Peter Oppenheimer from Monday’s earnings conference call. In the last quarter, Apple sold more Macs and iPhones than in any previous quarter, a fact which Apple is more than pleased with given the economic environment. Apple’s operating margin was the highest ever, and came [...]
Continue reading...Jim Cramer is way off base on Apple earnings.. AGAIN
Tuesday, October 20, 2009
This isn’t all that surprising really, but take a look at what CNBC talking head Jim Cramer had to say about Apple prior to their earnings announcement yesterday afternoon. “Your game plan next week is to buy Apple on weakness on Tuesday morning,” Jim Cramer said on Friday’s “Mad Money” TV show. He told viewers that [...]
Continue reading...Apple delivers stellar earnings yet again, sells over 3 million Macs, 7.4 million iPhones
Monday, October 19, 2009
Apple today released its earnings for the fourth fiscal quarter of 2009, and it smashed through analyst expectations, delivering earnings of $1.82 per dilluted share on revenue of $9.87 billion. During the same quarter a year ago, Apple reported earnings of $1.26 a dilluted share. The consensus on Wall Street was $1.42 a share on [...]
Continue reading...Looking ahead to Apple’s earnings conference call
Monday, October 19, 2009
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Later today, Apple will release its earnings for the quarter gone by and the consensus on Wall St. is that Apple release earnings of $1.42 a share on revenue of $9.2 billion. Here are many analysts are predicting: Mike Abramsky/RBC Capital, $1.47 EPS, 7.5 million iPhones sold and 2.9 million Macs Tony Sacconaghi/Berstein Research, $1.47 EPS, 6.9 million [...]
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Thursday, March 11, 2010
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