By Cody Lee on Jan 22, 2013
Apple is set to announce its iPhone sales and other figures from the holiday quarter tomorrow, in what many are calling its most important earnings report of the last decade. Recently, rumors of slipping iPhone and iPad demand have driven the company’s stock down to $500. And this is its chance to start turning things around.
The focal point will be on iPhone numbers, since the handsets account for half of Apple’s business. And it needs to have sold in upwards of 50 million of them to avoid disappointing the Street. Well according to analyst Brian White, they hit that mark and then some… Read More
By Christian Zibreg on Jan 18, 2013
There has never been so much hoopla surrounding Apple’s supply chain like recent talk of a severe cut back in orders of screens for the iPhone 5, and now iPads as well. The negative sentiment in those unverified reports has already sent AAPL below $500 ahead of the impending earnings call.
But one analyst isn’t worried at all. In his mind, the cutbacks are the result of an upcoming “evolutionary technology update” for the next iPhone rather than a sign of a lack of demand for the new Apple handset… Read More
By Ed Sutherland on Jan 17, 2013
A Wall Street analyst Wednesday gave investors a pep talk, invoking the words of the late Apple CEO Steve Jobs to point out the iPhone maker is hardly ready to head for the exit. Instead, Topeka Capital Market analyst Brian White issued a record target price for a stock battered by negative headlines.
“The negative sentiment around the stock has reached epic levels that we haven’t seen in recent memory and yet we believe [Apple's] product portfolio has never been stronger”, White said in an investment note. He also quoted Jobs in response to naysayers who recently came out of the woodwork spelling doom for Apple… Read More
By Ed Sutherland on Jan 17, 2013
If Wall Street analysts went in for such things, J.P. Morgan’s Mark Moskowitz would have a sign saying “It’s the supply, stupid.” Moskowitz Thursday morning issued a note to investors, reducing his iPad sales forecast for the fourth quarter of 2012. No, it’s not due to flagging demand – the misconception dogging the Apple shares – but a shortage of tablets leading up to December.
According to Moskowitz, Apple next week may announce it sold 18.4 million iPads to close out last year, down from his previously projected 20.1 units. Coming into 2013, the popular device may become the chief revenue producer for Apple, the analyst adds… Read More
By Cody Lee on Jan 16, 2013
Apple’s quarterly earnings call is coming up next Wednesday, where the company will reveal its iPhone sales and other figures from the holiday quarter. And given its recent stock drop due to iPhone demand concerns, all of Wall Street will be watching.
Essentially, if the Cupertino company wants to stop the bleeding, it needs to report big numbers for last quarter. And according to KGI Securities’ well-connected analyst Ming-Chi Kuo, it will. He thinks Apple sold 52 million iPhones and 23 million iPads… Read More
By Cody Lee on Jan 16, 2013
With all of the bad publicity Apple’s been getting lately, and its stock down 30%, the company could sure use some fresh new products. And according to a new report, it has a number of them in the pipeline for 2013.
KGI Securities analyst Ming-Chi Kuo, who actually has a pretty good track record in predicting Apple’s product plans, has just issued a new report outlining what he thinks the company has planned for the year… Read More
By Cody Lee on Jan 15, 2013
With so much talk about the current-gen iPhone seeing weaker-than-expected demand swirling about, analysts and industry watchers have already begun to look forward to Apple’s next-generation handset, believed to be the ‘iPhone 5S.’
The company is widely expected to break its handset’s traditional, annual release cycle this year, releasing the new iPhone well before fall. And a new report today supports that theory, saying Apple’s next smartphone will land in June… Read More
By Christian Zibreg on Jan 14, 2013
AAPL fell briefly below $500 this morning following The Wall Street Journal and the Nikkei newswire reports of the iPhone 5 part orders halved amid what’s being claimed a ‘weaker-than-expected’ global demand for the handset. Specifically, shares briefly sank to $497 in pre-market trading Monday as investors reacted to the news.
It’s the first time since February 2012 that AAPL tanked below $500 a share. AAPL lost nearly 26 percent since a September 2012 all-time high of $705.07 a share. In the last three months alone, the Apple stock lost seventeen percent of its value. Rival Samsung seized its opportunity, having released this morning official numbers proving flourishing sales of its Galaxy S smartphone series, which surpassed the accumulated sales record of 100 million units (from the supply side) since its launch in May 2010… Read More
By Ed Sutherland on Jan 12, 2013
The days when PCs ruled the computer market are quickly coming to a close. The familiar battle between PCs and Macs is quickly morphing into an iOS versus Android landscape. As consumers opt for tablets over PCs, shipments of Wintel devices will drop to 65 percent in 2013 amid double-digit tablet growth.
After PC shipments fell 10 percent during the holiday fourth quarter of 2010, the 2013 PC marketshare will drop to 65 percent, down from 72 percent last year, according to researchers at Canalys. The reason: PCs – be they desktops, notebooks, or netbooks – are no longer needed for common computing tasks, such as reading e-mail and browsing the web… Read More
By Christian Zibreg on Jan 11, 2013
Despite Apple’s absence from this week’s Consumer Electronics Show in Las Vegas, the company has remained in the headlines. Yesterday, we reported that Apple is evaluating Retina screens for the next iPad mini, with Foxconn’s subsidiary Shenzhen Century Science & Technology allegedly having sent its high-resolution panels based on One Glass Solution to Apple for testing. This indicates that Apple is slowly but surely aligning its supply chain partners ahead of upcoming iPad refreshes. Today, one analyst notes that some evidence now points to the official launch for the iPad 5 and iPad mini 2 in March… Read More
By Ed Sutherland on Jan 9, 2013
What can be divined from AT&T’s announcement of record smartphone sales during the holiday quarter? According to one Apple watcher, the fact that the Dallas-based carrier sold ten million Apple, Android and Windows smartphones likely means the bulk – more than eight million – were iPhones. According to Piper Jaffray’s Gene Munster, during the holiday quarter of 2011, the wireless company sold 9.4 million smartphones, 7.6 million of which were Apple’s handset. Because of that trend, Munster is forecasting 8.1 million iPhones were sold during the fourth quarter of 2012… Read More
By Cody Lee on Jan 7, 2013
A few months ago, we passed along a report that Facebook was urging its employees to swap out their iPhones for Android devices. It knows Google’s mobile OS has continued to be an afterthought to iOS, and it’s looking to change that.
Well according to some newly-released data, that’s probably a smart move. Enders analyst Benedict Evans has just published Facebook’s mobile app user stats, and, as of November last year, Android users vastly outnumber those on iOS… Read More
By Ed Sutherland on Jan 3, 2013
What should we expect to hear from Apple when it announces quarterly earnings later this month? One Wall Street observer Thursday forecasts a huge December quarter of 50 million iPhones and 24 million iPads sold. Although the company could report iPhone sales 86 percent higher than the previous quarter, an aggressive roll-out of the iPhone 5 may prompt Apple to reduce production by mid-year.
According to analyst Rob Cihra of Evercore Partners, the December quarter will reveal 86 percent growth of iPhone sales, compared to the previous three-month period. What’s more, the iPad mini will sell ten million of the 24 million Apple tablets moved during the holiday period, up 71 percent over the September quarter… Read More
By Christian Zibreg on Jan 3, 2013
With a whopping 1.1 billion mobile phone users at the end of November 2012, China is the biggest telecom market in the world by subscriber base. And with about 703 million subscribers, state-owned China Mobile remains the world’s largest wireless carrier.
Unfortunately, it’s also the country’s sole holdout when it comes to the iPhone.
China Mobile and Apple have been in iPhone talks for years now, but neither caved in yet. Apple in particular is unwilling to share a portion of App Store sales in China with the carrier. But seeing its 3G subscriber base eroding as a result of not having the iconic smartphone, China Mobile could be starting to need the iPhone more as it finds itself in a position of softening of its tough stance on doing business with Apple… Read More
By Ed Sutherland on Jan 2, 2013
If you are just shaking off the holiday headaches, just think of Apple. After taking a drubbing from Wall Street analysts worried about everything from the fiscal cliff to too few (or too many) sales of iDevices, the iPhone maker woke up this morning to its stock actually up. After rising 4 percent in early morning trading, AAPL shares remain positive. Why the better performance, after being jostled around like a visitor to Time Square on New Year’s Eve? Apparently, it has to do with next week’s CES and talk that Apple could create an iWatch… Read More
By Christian Zibreg on Jan 2, 2013
We’re just two days into 2013, but there’s no hiding from the next wave of Apple rumors. Yesterday brought as a non-news of an unknown developer spotting traces of iOS 7 and the next iPhone in logs – as if Apple hasn’t been working on the iPhone 5S/6 and iOS 7 since before iOS 6 was released.
Wednesday morning, an analyst boldly predicted that the iPhone 5S, a specs bump, will launch by June with multiple color options and – wait ’till you hear this – two different display sizes. I should have been an analyst! Read More
By Ed Sutherland on Dec 29, 2012
All of the concerns voiced about the impending leap off the ‘fiscal cliff’ and its associated increase in capital gains taxes on stock sales have sent Wall Street into a tizzy. The end result: knocking Apple’s target share price down to $740. Nearly a dozen analysts have cut their target price for Apple stock amid talk that the iPhone maker has a dodgy future, what with supply questions hanging over the executives at One Infinity Loop. Despite all the rain clouds, the $740 per share target price reduction is about $225 more than Friday’s opening on Wall Street… Read More
By Ed Sutherland on Dec 28, 2012
Some days, you almost wish the Mayan Calendar believers were right and today was the end of the world. Executives at Apple headquarters have likely been popping antacids like Christmas candy as wave after wave of pessimism washes through Wall Street.
Now comes word Apple is destined to be a has-been unless it cranks out an iTV – or cheapo smartphone. The depression-laded missive of the day arrived last Thursday from Toni Sacconaghi, analyst with Bernstein Research. In a note to bewildered investors, he alternated between calling the iPad “an absolute juggernaut” worth $32 billion in annual revenue and forecasting Apple will languish in single-digit growth by 2015… Read More
By Ed Sutherland on Dec 19, 2012
Quit your worrying. In short, that’s what one analyst Wednesday is telling nervous observers concerned over a report that Apple reduced orders for the iPhone 5 during the March quarter.
Instead, the reduction in orders could signal a more efficient supply stream and greater profit for investors.
As we reported earlier this week, Citi’s Glen Yeung kicked off the hand-wringing by downgrading Apple stock to ‘Neutral’ from ‘Buy’, citing increased competition and the lower iPhone 5 orders. Other Wall Street analysts piled on, cutting their price targets for shares of the iPhone maker. Now J P Morgan analyst Mark Moskowitz is the latest to say the reduced orders may not mean lower demand for the new Apple handset… Read More
By Ed Sutherland on Dec 18, 2012
In the latest round of ‘is the iPad mini a cannibal?’ we go to Morgan Stanley’s Katy Huberty, who told investors the concern is “overblown.” Huberty says nearly half of the 7.9-inch tablets are bought by new customers. While the Morgan Stanley AlphaWise survey also found slightly fewer purchases of the iPad mini are by new tablet owners – suggesting the small tablet is taking a bite out of larger iPad sales – the risk is “manageable”, the analyst said… Read More