Topic: Maynard Um
01/06/2016, 10:01 am
The price of of Apple stock has been driven lower by concerns over demand for the iPhone 6s lineup, dropping near $100 per share in early trading on Wednesday as investment firm Wells Fargo Securities cut its own outlook, predicting a short-term "road bump" before a return to growth.
12/21/2015, 12:12 pm
A new global cross-patent licensing agreement between Apple and Ericsson could help improve gross margins on the iPhone going forward, further padding Apple's bottom line, according to a new analysis.
12/01/2015, 09:12 am
Last month, Apple added 26 new global carrier partners, greatly expanding the potential reach of its hot selling iPhone lineup and positioning the new iPhone 6s for continued growth.
09/28/2015, 12:09 pm
With more than 13 million units sold in the first three days of availability, the iPhone 6s and iPhone 6s Plus exceeded most market expectations, and analysts responded on Monday by reacting favorably to the announcement from Apple.
09/04/2015, 11:09 am
There's a feeling on Wall Street that everything is already known and expected heading into Apple's "Hey Siri" event, investment firm Wells Fargo said on Friday, suggesting that any potential surprises could help push the company's stock higher.
08/25/2015, 09:08 am
Longtime Apple bear Wells Fargo Securities changed its rating on the iPhone maker on Tuesday, saying recent losses in the company's stock have been overdone, especially in light of the company's continued success in China.
07/20/2015, 12:07 pm
Analyst sentiment is generally high ahead of Apple's third-quarter earnings announcement -- due on Tuesday -- calling for numbers that could beat both official guidance as well as Wall Street consensus, mostly on the strength of iPhone sales that could near or top 50 million.
03/31/2015, 03:03 pm
The sale of patents owned by the Rockstar Consortium of companies could bring a windfall of $392 million in additional cash to Apple's March quarter, estimates from one analyst predict.
02/02/2015, 09:02 pm
While the $6.5 billion bond issue revealed on Monday may be enough to cover its existing capital return program, Wells Fargo believes that Apple could be forced to either raise an additional round of debt or repatriate cash from overseas if the program is to continue its traditional annual increase.
01/26/2015, 08:01 am
Wells Fargo Securities continues to go against the grain with a neutral "market perform" rating on shares of Apple, forecasting that shares will trend lower in the face of high expectations on Wall Street.
07/02/2014, 08:07 am
Wells Fargo Securities believes Apple may have just completed yet another record breaking quarter, driven by a forecasted shipment of 36.5 million iPhones for the three-month period ending in June.
05/30/2014, 08:05 am
Availability of the iPhone continues to increase as Apple inks new contracts with additional carriers, bringing its current worldwide total to 323 wireless providers, investment firm Wells Fargo Securities revealed on Friday.
05/06/2014, 12:05 pm
Recent gains by Apple's stock have pushed its share price past some Wall Street analysts' price targets, leaving their forecasts underwater, while others could be next if the upward trend continues.
04/21/2014, 08:04 am
With no major new products launched in the just-concluded March quarter, analysts on Wall Street don't expect big things from Apple when the company reports its earnings on Wednesday, generally projecting for revenue to be about flat with the same period from a year ago.
01/30/2014, 09:01 am
While investors continue to fret over what Apple plans to do with its $159 billion in cash and investments, the company is quietly spending far more than previously on its secretive acquisitions, exceeding a half-billion dollars last quarter alone.
01/27/2014, 11:01 am
This afternoon Apple will report earnings from the company's first fiscal quarter of 2014, and investors expect that the company will reveal record sales of its blockbuster iPhone and iPad product lines, with collective sales of both devices expected to top 80 million.
01/15/2014, 03:01 pm
With the iPhone just days away from arriving on China Mobile, analysts' relief at the long-rumored deal's consummation is paired with curiosity about what concessions Apple may have made to strike an accord with the world's largest wireless carrier.
01/10/2014, 08:01 am
While research firms Gartner and IDC have very different projections on how Apple's Mac lineup performed in the holiday quarter, both sides can agree on one thing: PC shipments continued to shrink over the holidays, as consumers once again opted for tablets over traditional computers.
01/02/2014, 08:01 am
A pair of Wall Street analysts have come to very different conclusions on Apple stock for the start of 2014, as Brian White of Cantor Fitzgerald gave an enthusiastic recommendation for the iPhone maker, while Maynard Um of Wells Fargo downgraded AAPL shares from "outperform" to the status of "market perform."
12/23/2013, 02:12 pm
Shares of Apple stock surged more than 3 percent on Monday, after news broke that the company has reached a long-awaited deal to begin selling the iPhone in January through China Mobile, the world's largest wireless provider.