12.26.07 - 01:19pm
Apple has done it! They have reached the $200 dollar mark accomplished today, one day after Christmas.
Apple has always shown a performance jump as it heads into the new year, fresh off the holiday sale of iPods, iPhones, Macs and the anticipation of new announcements at MacWorld. This year has proven to be exceptional with the stock jumping 140 percent in 2007 and with Apple finally reaching the coveted $200 mark.
A huge increase in Mac sales have accounted for the majority of Apples increase in revenue for the year. The computer sales have been boosted by the high publicity of the iPhone and the new iPods. 2007 has brought Mac shipments up 36 percent over last year generating half the of Apple’s total revenue. iPod sales are up as well, but due to the proliferation of the market sales have only increased 4 percent with over a 100 million iPods being sold.
Category: apple | Tags: apple-stock, iPod, mac, new-highs | Be the First to Comment »
11.19.07 - 03:30pm
Piper Jaffray has just added Apple to his Alpha List of stocks. The Jaffray Alpha list, is a list of stocks whose shares hold extreme potential for significant near-term appreciation due to particular market conditions and catalysts.
The market condition for Apple is of course the upcoming holiday season. Noted by Jaffray is that for the last four years Apple’s stock has increased by an average of 42.5 percent between Oct. 1 and Dec. 1st. “We believe there is potential for similar gains this year for several reasons,” he wrote. “In recent years Apple has announced new or updated iPods in the fall, and this year is no exception. We believe the new iPod touch, iPod classic, and iPod nanos give Apple its strongest product line-up for the holidays in company history.”
Category: apple | Tags: apple-stock, macworld, piper-jaffray | Be the First to Comment »
11.07.07 - 10:44am
Apple is still rising, getting closer and closer to the 200 mark as yesterday it topped $191 for the first time, hitting highs of $191.79.
Good news for anyone vested in Apple and I’m sure something that will make the new Senior Vice President of Apple very happy. Dan Cooperman the new VP received 133,00 shares of Apple stock on Friday worth $24,811,150. So to see the stock rise a cool $5.81 on Tuesday, had to be rather pleasant for him.
Cooperman jumped ship from Oracle, where he had been working as Larry Ellison’s legal aid.
If Apple stays true to their usual holiday rise, the stock should be topping $200 very soon.
Category: apple | Tags: apple-stock, Dan-Cooperman, new-highs | Be the First to Comment »
10.18.07 - 04:43pm
Apple’s stock has risen to new highs, almost reaching $175 today, but alas falling just $.81 cents short. Although for Apple it just means - maybe tomorrow.
At this time last year the stock had yet to reach $80, much less a $180, as it will surely do soon.
Apples stock has a tradition of rising high over the holiday season as their profits have soared every Christmas since the inception of the iPod.
This year they have their biggest market ever with 3 totally new iPods added to their collection, plus the famed iPhone, new iMac’s and their new operating system Leopard.
Lehman Brothers analysts have upped their target price on Apple from $160 to $190 based on Apple’s new products and better than industry average growth in sales of their products.
Apple will announce their new quarterly results this coming Monday the 22nd of October. If profits are confirmed to rise as expected Apples stock should jump even more.
Category: apple | Tags: apple-stock, lehman-brothers, new-highs | Be the First to Comment »
09.24.07 - 04:38pm
Apple hit new all time highs on the stock market today trading at $149.85, beating their old high made on July 27th of $148.92.
The jump of over $4.00 for the day was on the news that research analyst Richard Gardner from Citigroup upgraded Apple’s target price to $185 from $160.
Gardner did so based on Apple’s widening of their already thick profit margins, and ever increasing PC sales. “We are raising our September quarter PC unit estimate from 2.0 million to 2.17 million units on stronger than expected iMac momentum following the August 7 product refresh,” Gardner said.
Gardner also expects the iPhone production to be increased due to the price decrease. He says that recent checks show that approximately 3.8 to 4.0 million units will be available for 2007.
He added that Apple’s shares will also increase due to anticipated catalysts such as the October launch of the Leopard operating system, the European launch of the iPhone, and the launch of the 3G iPhone in 2008.
Category: apple | Tags: apple-stock, citigroup, richard-gardner | Be the First to Comment »
08.07.07 - 04:31pm
On Tuesday July 31st, Apple’s stock took a nose dive on rumors that iPhone orders had been cut in half. The stock dropped 10 percent.
The day before two of Apple’s top members of it’s board of directors cashed in on investors confidence of Apples continued success to the tune of a combined $30 million.
Chief Financial Officer, Peter Oppenheimer, sold 135,625 shares of stock at a value of $144.28 each netting roughly $19.6 million for the exec.
Bill Campbell, member of Apple’s board of directors, also netted a great profit selling 77,051 shares spread out over the day for varying prices netting him approximately $10.7 million in profits after a $6 stock option fee was subtracted from each share.
The sale of the shares appears to be strictly a money making maneuver for the two and considering the timing, a smart one at that.
Category: apple | Tags: apple-rumors, apple-stock, iphone-orders, selling-stock | Be the First to Comment »
06.27.07 - 05:28pm
Apple’s stock has been fluctuating up and down all month usually maintaining a range in the $120’s as the debut of iPhone looms closer and closer.
The stock plummeted on false news of a temporary delay and has seen quality jumps as analysts have continued to raise their target prices from $120 to $140 and now to $160 a rating that Gene Munster is maintaining saying that the iPhone will match the iPhone hype.
Munster was especially pumped about the iPhone’s aggressive service plans. “The service plans are about 25 percent cheaper than we had been expecting,” he said. “Which is a positive, as it removes one of the barriers to entering the market.”
Munster said that upon comparing the overall plans with other smart phone plans he found the iPhone to be cheaper. He noted that if you put the $499 phone price, plus the $36 activation fee and mid-range $79.99 monthly service fee, the iPhone costs $2,419 over two years. In comparison, the BlackBerry Pearl comes in at $2,429, and the BlackBerry Curve will cost $2,479.
Category: apple, iPhone | Tags: apple-stock, blackberry_curve, blackberry_pearl, gene-munster, iPhone, target_prices | Be the First to Comment »
06.07.07 - 12:29pm
“We believe Apple can sell 45 million iPhones in calendar year 2009,” said analysts from Piper. “While this may seem like a bold prediction, we believe a number in this area is not as far of a reach as some may think.”
And with these bold words Apple’s stock is on the rise again reaching an all time high of 127.61 so far today.
Senior analysts Gene Munster and Michael Olsen back their 45 million iPhone expectations saying that Apple will seize a 7 percent market share in North America and a 2.8 percent market share in the rest of the globe.
“We assume Street pricing on iPhone will have dropped to $338 by calendar year 2009 from $542 in calendar year 2007. Additionally, it is critical to keep in mind that the iPhone will be a combo device (iPod and mobile handset), which will attract more than just a mobile phone customer,” said the analysts. “We believe we have factored cannibalization of iPod from iPhone into our model by lowering iPod growth rates from 35 percent or more year-over-year growth in fiscal year 2007 (and prior years) to 10-15 percent year-over-year in fiscal year 2008 and fiscal year 2009.”
Category: apple, iPhone | Tags: analysts, apple-stock, iPhone, piper-jaffray, target_price | Be the First to Comment »
06.04.07 - 10:53am
26 days and counting, till the much fabled release of the iPhone. This according to three new ads posted on the Apple website, new TV commercials and Tom Neumayr, an Apple spokesman.
Therefore it is official. Friday, June 29th will be the day of the iPhone. All the iPhone questions will then be answered - mainly the big one - can it live up to the hype?
Apple has promised that software upgrades will be available for the iPhone after it has been purchased, in order to stem off any potential disappointment in the phone. Executives in the company have said that the ability to upgrade the iPhone, already out in the field, will give it a significant advantage over other cellphones. Basically instead of buying a new phone you can simply add new software to make it better.
Category: apple, iPhone | Tags: apple-stock, apple_website, iPhone, jp_morgan, june_29th, launch | Be the First to Comment »
03.28.07 - 01:40pm
Today Piper Jaffray has issued a mid-day report regarding iPod sales for 2007. The report shows that iPod sales didn’t quite reach anticipated levels. Sales maxed at only 10.3 million units instead of the estimated 11 to 12 million units, due to a slow-down of sales in
February.
In the past iPod sales have grown in February, usually due to new iPods being announced at MacWorld. This year however only the iPhone was announced, which many would be iPod buyers are waiting for. The iPhone is not due to come out till June. The only “new” iPods released on the market were the colored Shuffles.
Category: apple, iPod | Tags: apple-stock, iPod, piper_jaffray, target_price | Be the First to Comment »
