07.31.07 - 10:36am
Apple for the longest time has been able to do no wrong and shares have soared from highs in the $80’s just six months ago to highs in the $150’s just one week ago.
Today however is telling a different story and Apple stock is plummeting. Why? Talk that Apple’s super hyped iPhone just got a cut in production from the original 9 million to 4.5 million, according to a note from Miller Tabak & Co.
That is not the only bad news for Apple - there has also been speculation among traders at Goldmand Sachs that the iPod will be seeing cuts in production as well.
Apple has declined to comment on the matter so far.
Apple’s stock is currently down 4.8 percent to $136.63 and falling.
Category: apple, iPhone | Tags: apple_stock, iPhone, miller_tabak, production-cut | Be the First to Comment »
07.11.07 - 09:40am
Apple stock has seen another surge on news that a nano iPhone could possibly be hitting stores in time for Christmas, trading as high as $134.50 Tuesday afternoon surpassing the $133.34 high set last Friday.
Alas though the rumors are in the process of being squelched - not completely by any means - but squelched nonetheless.
Kevin Chang who made the bold claims works for JP Morgan. Well, it would appear JP Morgan while not discounting the possibility is definitely not in the cheering section behind Chang.
Senior analyst Bill Shope went on the record saying, “We believe a near-term launch would be unusual and highly risky. It took Apple over two years to launch its first low-end iPod (the iPod mini),” he explained. “Not all consumers want a combined phone and music player, so Apple is likely to keep the iPhone and iPod as distinct business segments for as long as this makes economic sense.”
Category: apple, iPhone | Tags: apple_stock, iPhone, ipod_nano, jp_morgan, patent | Be the First to Comment »
04.26.07 - 09:54am
Apple stock rose to an all time high finally surpassing the $100 mark reaching 102.40 in after hours trading after Apple announced yesterday that their net income soared 88 percent for the last quarter which ended March 31st.
The rise in profits was due to a cut in component costs that overcame the usual post holiday slump. The news combined with the anticipation of the iPhone has bolstered Apple once again.
In total Apple sold 10.5 million iPods and 1.52 million Macintosh computers were sold with a total of $5.26 billion in sales, an increase of 21 percent. The iPod and related accessories accounted for 44 percent of the quarters total revenue overall.
In total earnings for the quarter were at 87 cents a share, which proved higher than the average analyst expectations who were looking for earnings of 64 cents per share, according to a poll by Thomson Financial.
Category: apple | Tags: all_time_high, apple_stock, iPhone, ipods, target_prices | Be the First to Comment »
03.14.07 - 12:59pm
Apple stock is currently selling for 89.12 after the iPod jump helped leap it from lows in the $30’s. Analysts have continued to raise the target price on Apple since Christmas with new products such as Apple TV and the much publicized iPhone soon to hit the market.
USB anaylst Ben Reitzes believes Apple’s multi-touch display technology on the iPhone could become more important than the iPod,
as the technology is incorporated into other Apple products and could lead to a touch-screen revolution. He wrote “We believe this ‘Mega-Platform’ could help Apple become an ‘open-ended’ growth story once again with a logical chronology of new products for years to come. We expect multi-touch to be prevalent in Apple’s major hardware products within three to five years — making its way into touch-screen Macs next year. We also expect new touch-screen video iPods, ultra portables, more phones and possibly even TVs in the future.”
Category: apple, iPhone | Tags: apple_products, apple_stock, target_price | Be the First to Comment »
01.18.07 - 04:57pm
Apple posted record profit as it announced it’s earnings yesterday. Apple’s net income rose 78% to $1.14 billion up from 565 million. Revenue was higher jumping 24% to $7.12 billion. 21.1 million iPods were sold as well as 1.61 million Macs.
“We are incredibly pleased to report record quarterly revenue of over seven billion dollars and record earnings of one billion dollars,” said Apple chief executive Steve Jobs.
Even with the good news of superb earnings Apple still saw it’s shares fall more than 6% today. The fall is due in part to analyst’s concerns that iPod sales will diminish as consumers put off purchases while they wait for the iPhone.
Bill Shope of J.P. Morgan, cut his rating on Apple stock to neutral overnight saying “We believe this [seasonal] risk is particularly pronounced given our concerns that some consumers may delay iPod purchases ahead of the iPhone launch.”
Category: iPhone, iPod | Tags: apple_stock, iPhone, ipods | Be the First to Comment »
