A suggestion that slow growth at manufacturer Foxconn could be a bad sign for Apple has been called out by one financial institution, which instead asserts that the connection between the two companies is limited.
Apple's earnings for the first quarter of 2011 crushed analyst expectations on Wall Street, who heaped praise on the company for beating estimates by $2 billion.
The anticipated arrival of the iPhone on Verizon's network in the U.S. will not only increase sales of Apple's smartphone, but will also earn the company more respect on Wall Street, one prominent analyst believes.
Apple's record-breaking quarterly results — particularly a surge in iPhone sales — impressed analysts on Wall Street this week, even though gross margins and iPad sales did not meet expectations.
With Apple's Oct. 18 quarterly earnings report approaching, one Wall Street analyst expects the iPhone maker to issue a "blowout" report, noting the company is "not too big" to surprise investors with sales of 12 million or more iPhones.
Apple again exceeded expectations on Tuesday, when it reported its quarterly earnings, with record Mac sales and signs that the company can sustain its continued growth.
A Verizon-compatible CDMA iPhone could result in at least 12 million new unit sales for Apple next year, one Wall Street analyst believes, though he's not convinced the deal will actually happen in January 2011.
With more than three-quarters of first-day iPhone 4 purchasers upgrading from a previous iPhone, Apple has successfully built a recurring revenue stream in which most users will upgrade every one to two years.
Following the introduction of iPhone 4, Wall Street analysts said Apple will see even greater sales of its handset in the next year driven by consumer demand for the impressive new hardware.
Apple's 8.75 million iPhones sold in the March quarter combined with a better-than-expected launch of the iPad has led analysts to increase their already bullish views on the company's stock.
With an aggressive $499 starting price point, Wall Street analysts believe Apple's e-reading, game playing, media consuming iPad device is a worthwhile risk that will become a multi-million seller in its first year.
Apple beat most Wall Street analysts' expectations Monday when it reported its most profitable quarter ever, but the impending product announcement scheduled for Wednesday is what everyone is really waiting for.
Checks within Apple's supply chain have led to a new round of tablet-related rumors from one analyst, who believes the device will launch in March or April of 2010 with a 10.1-inch LCD screen.
Wall Street analysts have raised their price targets for Apple stock yet again, after the company posted another recession defying blockbuster quarter with record Mac and iPhone sales.
While demand for the iPhone remains high, Apple's apparent inability to keep up with supply during the last quarter could lead to lower-than-expected revenue reported on Monday.
New accounting rules are expected to push Apple's stock even higher, as Wall Street still underestimates the profitability of the iPhone, a new report has concluded.
While some industry watchers are incessant in their pleas for Apple to trim the cost of its Mac computer line in order to better compete, a fresh analysis argues that new iMacs introduced Tuesday already compare quite favorably with their Windows-based counterparts and are likely to boost sales of the sluggish Mac desktop segment.
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Neil Hughes
AppleInsider Staff
Zach Spear
