Tag Archive | "Finance"
Apple was the 5th busiest retail site on Cyber Monday
The Monday after Thanksgiving was the largest online shopping day of the year, and despite having no significant sales, Apple was the 5th busiest site on the web. Fortune has the full scoop over here.
Continue reading...Bullish Apple analyst trims Apple estimates for 2009
Thursday, December 4, 2008
Everyone’s favorite Apple analyst, Gene Munster of Piper Jaffray, has lowered his estimates for Apple’s 2009 earnings citing slower growth attributed to broader economic conditions and weak consumer spending. AppleInsider reports: Although there’s no evidence to suggest that Mac sales have slowed thus far, analyst Gene Munster cited “low visibility” into next year’s environment as […]
Continue reading...Palm revenue takes a huge hit, Treo’s are MIA
Wednesday, December 3, 2008
What’s the opposite of a product that ‘sells like hotcakes’? A Palm Treo, apparently. CNET reports: The latest dose of bad news? Revenue for Palm’s second fiscal quarter, which ended last week, will be just $190 million to $195 million, the company announced Monday ahead of its December 18th conference call. Wall Street analysts had […]
Continue reading...Apple Stock hits 52 week low
Friday, November 21, 2008
Apple’s stock today closed just about $80 a share, representing a 52 week low. This is actually the lowest the stock has been since Apple first announced the iPhone in early 2007. Ironically, Apple’s financials are better than they’ve ever been before, but that doesn’t mean its been able to shield itself from broader economic […]
Continue reading...Apple seems to be recession proof
Friday, November 21, 2008
Despite current economic troubles, new data from the NPD Group indicates that Mac sales are surging. According to Piper Jaffray analyst Gene Munster, Apple is on track to sell a record breaking 2.7 million Macs during the current quarter, up 13% from the same quarter a year ago. As the economy continues to flounder, consumers […]
Continue reading...Monday Link Roundup
Monday, November 17, 2008
Apple flirting with another record quarter for Mac sales – AppleInsider Why developers prefer Macs – MacWorld Apple sued over iPhone 3G hairline cracks – TG Daily Departed iPod chief wanted a Linux iPhone – Portfolio ARM-Optimized Flash: Adobe gets serious about the iPhone – The Apple Blog iPod Speakers made from Paper Cups – […]
Continue reading...Is the iPhone finally coming to China?
Thursday, November 13, 2008
There was an interesting job posting on Apple’s website today seeking an iPhone Quality Assurance Engineer to work in Beijing. The job description is as follows: “Software Engineering is looking for an extremely talented Quality Assurance (QA) Engineer to focus on international releases of our iPhone and iPod touch products for Beijing. You will work […]
Continue reading...Wednesday Link Roundup
Wednesday, November 12, 2008
Is Apple blowing its chances for the iPhone in India? – ArsTechnica Don’t expect a carbon fiber laptop from Apple anytime soon – 9to5 Mac Will there be a $99, feature limited iPhone? – Distorted Loop Apple may launch most agressive Black Friday sale ever – AppleInsider Rumor: Apple to sell $149 iPhone at Costco […]
Continue reading...Wednesday Link Roundup
Thursday, November 6, 2008
The MacMini is still breathing! – AppleInsider Trackpad fixes for the MacBook Pro and MacBook are on the way – Gizmodo Apple added 8000 retail employees last year – CNET IBM Exectutive joins Apple as Vice President of Devices Hardware Engineering – Apple Apple puts more money into R&D – AppleInsider Apple outlines future business […]
Continue reading...Lower income consumers drive iPhone growth
Thursday, October 30, 2008
ComScore has recently come out with a report detailing the demographics of iPhone users, and the results are surprising. While the iPhone might stereotypically be thought of as the province of tech geeks with money to burn, ComScore’s findings indicate that the real driver behind the iPhones tremendous growth has come from users who earn […]
Continue reading...Apple grossly undervalued compared to other Tech companies
Thursday, October 30, 2008
Andy Zaky is at it again, and provides an interesting analysis detailing how Apple is shockingly undervalued compared to other tech heavyweights. There really is no rational reason why Apple has fallen as much as it has while other Tech companies seemingly stay relatively better positioned. At the same time, Apple is one of the […]
Continue reading...Should Apple initiate a stock buy-back?
Thursday, October 30, 2008
Analyst Toni Sacconaghi of Sanford Bernstein suggested today that Apple should use part of its 25 Billion dollars in cash to buy back a good portion of its shares. Sacconaghi speculates that such a move could increase Apple’s earnings by as much as 75 cents a share in 2009. This, of course, sounds incredible — […]
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Monday, December 8, 2008
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