Tag Archive | "earnings"
ARM Holdings reports record revenue and profits
ARM Holdings, the London-based company whose chip designs reside in nearly 98% of the world’s mobile phones announced this week that it set all-time highs for both revenue and profitability during its most recent quarter. ARM CEO Warren East, who recently dispelled recent rumors that Apple was going to buy his company, explained that the record [...]
Continue reading...AT&T releases earnings, reports 2.7 million iPhone activations
Wednesday, April 21, 2010
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AT&T released their earnings for the first quarter of 2010 and reported EPS of $0.42 on revenue of $30.6 billion. AT&T also stated that they activated 2.7 million iPhones during the quarter, and that more than 1/3 of those iPhone users were new AT&T subscribers. During the last quarter, AT&T recorded 3.1 million iPhone activations, [...]
Continue reading...Live reporting from Apple’s earnings conference call
Tuesday, April 20, 2010
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- 8.75 million in iPhone sales, eclipsing previous record which was during last years holiday quarter - iPhone now sold on 151 carriers across 81 countries - 1.68 billion compared to 1.38 billion, 22 percent increase apple retail stores - Half of Macs sold at Apple Stores were to customers who never owned a Mac [...]
Continue reading...Apple reports blockbuster earnings, profits up 90%
Tuesday, April 20, 2010
Apple today wowed investors this afternoon with an impressive earnings report that toppled Wall St. estimates yet again. For the 2Q of 2010, Apple reported EPS of $3.33 a share on revenue of $13.5 billion. Net profits for the quarter came in at $3.07 billion, which is nearly 90% higher than Apple’s profits from the [...]
Continue reading...Credit Suisse ups Apple stock target to $300
Saturday, March 27, 2010
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As Apple’s share price continues to reach new all-time highs on what seems like a daily basis, Credit Suisse analyst Bill Shope on Friday upped his target for Apple’s share price to $300 citing the potential of the iPad to further solidify Apple’s bottom line. In turn, Shope increased his EPS estimate for the current [...]
Continue reading...Palm shares hit 52 week low after disappointing earnings
Monday, March 22, 2010
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When former Apple executive Jon Rubenstein joined the ranks of Palm a while back, it was widely believed that Palm and its new webOS would make a noticeable splash in the smartphone market. Sales of Palm’s flagship device however, the Palm Pre, have been underwhelming and Palm is now skating on financially thin ice. Things [...]
Continue reading...Analyst raises target on Apple stock to $260, anticipates 55 million iPhones in 2011
Thursday, March 11, 2010
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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...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 [...]
Continue reading...Palm slashes guidance, stock down nearly 16%
Thursday, February 25, 2010
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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. [...]
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 [...]
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Wednesday, April 28, 2010
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