Tag Archive | "Finance"
Toys ‘R’ Us to sell full assortment of iPod models
It was reported two weeks ago that Toys ‘R’ Us would start stocking and selling iPods, and now word is getting out that Toys ‘R’ Us will be selling all iPod models in special iPod boutique areas, similar to how Best Buy sells its Apple products. With almost every teenager owning some sort of iPod, […]
Continue reading...Rogers profits jump on iPhone sales
Tuesday, October 28, 2008
Canada’s largest wireless provider, Rogers Communications, grossly exceeded earnings estimates on sales of 255,000 iPhones, which doubled its net income for the quarter. Rogers reported earnings of 73 cents a share, beating analyst estimates of 51 cents a share. Bloomberg has the full scoop over here.
Continue reading...Why there won’t be a $99 iPhone anytime soon
Monday, October 27, 2008
According to Needham Research analyst Charlie Wolfe, Apple has room to cut the price of its iPhone in half, devastate competitors in the process, and go on to rule the smartphone market. There’s only one problem: Wolfe is dead wrong, and provides no analysis to back up his assertions. There are a number of reasons […]
Continue reading...iPod takes on a dimished role in Apple’s earnings – And that’s a good thing
Monday, October 27, 2008
Andy Zaky over at Bullish Cross has an interesting article discussing the decreased role of the iPod in Apple’s earnings. Zaky notes that the iPod only accounted for 14.2% of Apple’s revenue this past quarter. There are two things at work here: One, it was inevitable that iPod sales would eventually taper off as the […]
Continue reading...Steve Jobs heart attack story was started by a teenager
Thursday, October 23, 2008
The recent hoax involving a fake rumor about Steve Jobs having a heart attack was started by a teenager, according to a recent report from Bloomberg. Less than a month ago, someone posted a story onto iReport, a user generated news website run by CNN, stating that Steve Jobs had suffered a heart attack and […]
Continue reading...More on Apple’s stellar earnings
Thursday, October 23, 2008
Bullish Cross has the scoop here. “In its recently reported fiscal fourth quarter, Apple’s adjusted net income grew approximately 124.6% from $1.085 billion in Q4 2007 to $2.437 billion in Q4 2008—an extraordinary number when fully accounting for iPhone sales in both periods. Just as impressive is Apple’s 75.1% grow rate in sales. Apple’s adjusted […]
Continue reading...Analyzing the Analysts after Apple’s Q4 Earnings Report
Wednesday, October 22, 2008
With Apple’s Q4 Earnings report behind us, it’s time to go back and see how the analysts did. The most accurate estimates are highlighted in green, and the least accurate are highlighted orange. As you can see below, most iPod estimates were more or less in the right ballpark, while iPhone estimates were all over […]
Continue reading...More Analysts react to Apple’s Earnings Report
Wednesday, October 22, 2008
More analysts have come out with updated targets for Apple. AppleInsider has the scoop here.
Continue reading...USB and Credit Suisse downgrade Apple Stock
Wednesday, October 22, 2008
Today Credit Suisse cut its target price for Apple stock down to $110 from a previous target of $145. USB also downgraded their target price for Apple down to $115 from a previous target of $125 citing market uncertainty and deteriorating economic conditions. Interestingly enough, Apple is trading up 7 points today on the good […]
Continue reading...AT&T activates 2.4 million iPhones in summer quarter
Wednesday, October 22, 2008
A huge portion of AT&T’s summer business can directly be attributed to the success of the iPhone 3G. Between the launch of the new iPhone in July and the end of September, AT&T activated 2.4 million iPhones. AppleInsider and electronista have the scoop here.
Continue reading...Apple beats earnings estimates, sells 2.6 million Macs, gives range of guidance
Tuesday, October 21, 2008
Apple Earnings Highlights Apple reached its goal of selling 10 million iPhones in 2008 Apple sold more iPhones this quarter than RIM did Blackberry’s Apple sold more Macs this quarter (2.6 million) than they did in any other previous quarter Apple set a record for most iPods sold in a non-holiday quarter Apple will sell […]
Continue reading...Apple Q4 Earnings – What you need to know
Tuesday, October 21, 2008
As Apple gets set to release its earnings later today, the stock is already down as weak earnings within the sector have dragged down tech stocks as a whole. As usual, even if Apple destroys all earnings estimates, the stock will most likely tank if its guidance isn’t up to par with Wall Street’s somewhat […]
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Tuesday, October 28, 2008
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