Shares of Apple Inc. slipped more than 2 percent in morning trading on the Nasdaq stock market one day after the consumer electronics maker said it would delay its foray into the living room by several weeks.
Apple Inc. is likely to hold a media event to launch its upcoming Leopard operating system in the coming months, and may also introduce ultra portables and expand its iPhone distribution to other retailers shortly thereafter, UBS Investment Research said this week.
Goldman Sachs on Thursday dropped Apple from its Conviction Buy list, citing the potential for negative speculation in the months leading up to the company's June iPhone launch.
Each iPhone sold will generate nearly a 50 percent gross margin for Apple Inc. and partner Cingular Wireless, giving the companies a hefty profit, as well as plenty of room for future price cuts, according to research firm iSuppli.
Apple on Wednesday released results for its fiscal 2007 first quarter ended December 30, 2006, which included record revenue of $7.1 billion and record net quarterly profit of $1.0 billion, or $1.14 per diluted share.
Apple, which reports earnings for its fiscal first quarter later today, is likely to beat consensus estimates for both earnings and product shipments, according to one Wall Street analyst.
Apple's new iPhone presents a serious risk to PDA-maker Palm, according to Bear Stears, who on Wednesday raised estimates and increased its price objective on Apple.
UBS Investment Research on Tuesday increased its estimates and 12-month price target on shares of iPod maker Apple, Inc., saying it sees the company's new iPhone device as a 'revolutionary' product that 'can thrive as a convergence platform for years to come.'
Shares of Apple Computer inched up by a percent on Monday after an analyst for JPMorgan raised estimates for the company's December quarter and said checks indicate a new hard disk drive-based iPod may be near.
Apple Computer, which reports results of its first fiscal quarter of 2007 later this month, is likely to announce sales of 1.8 million Macs during the three-month period, including 1.1 million notebooks, according to Goldman Sachs.
Caris & Company on Thursday initiated coverage of Apple Computer with an "Above Average" rating and $100 price target, calling the company a clear "winner in the consumer electronics space."
Apple Computer's upcoming iPhone handset could potentially generate an incremental 70 cents in per share earnings and $6 billion in revenue for the company during the 2007 calendar year, one Wall Street analyst says.
PiperJaffray analyst Gene Munster on Thursday issued a report to clients that analytically addresses 16 more unanswered questions surrounding the Apple Computer story.
Apple Computer plans to introduce two iPod-based cell phone models in the first quarter of 2007 that it will initially manufacture in limited quantities, says one analyst.
Analysts for Citgroup on Monday said they expect Apple Computer to sell as many as 18.8 million iPods during the December quarter, but cut their rating on shares of the company to "Hold" from "Buy" due to a lack of potential revenue upside in the near term.
Analysts for UBS Investment Research on Wednesday increased their forecast for Mac unit sales during Apple Computer's third fiscal quarter after checks showed solid education buying and increasing interest in the company's MacBook notebook line.
PiperJaffray analyst Gene Munster this week issued a research note to clients in which he addresses "22 unanswered questions surrounding the Apple story."
Research and investment firm PiperJaffray this week told clients it would be buyers of Apple Computer shares given the recent pullback, explaining that the company should soon benefit from Intel Mac sales and is very likely to announce a cellphone-based product in the near term.
New Apple product introductions should accelerate in 2006 as Apple transitions to an all-Intel Mac lineup, continues to build out the iPod platform, and launches its long-anticipated invasion of the digital living room, says Needham & Company.
After polling consumers on their purchase plans this holiday shopping season, Morgan Stanley remains bullish on Apple and believes the company's growth-driven portfolio franchise will continue to accelerate in 2006.
