Apple come next month is expected to announce — by far — the most successful quarter for iPhone sales in the handset's history, according to one Wall Street analyst who raised his price target on the company to $260 per share.
American Technology Research trimmed its estimates for Mac maker Apple Inc. on Friday, saying that while the company's near term prospects look fine, future quarters may be met by muted demand, particularly for higher-end products like the MacBook Air.
Across the board price cuts announced by Apple on its iPod touch line of digital media players are "nice," but may not be sharp enough to drive a sales surge given economic conditions and the more aggressively priced iPhone 3G, according to one Wall Street analyst.
American Technology Research analyst Shaw Wu put out a call to clients on Friday, saying they should be prepared for a slight letdown at Apple's event next Tuesday unless chief executive Steve Jobs pulls a rabbit from his black turtleneck.
Apple next week is expected to announce another quarter of strong earnings, but investors may respond unfavorably should the company's gross margin not recover from last quarter's instability, one Wall Street analyst says.
A flurry of new agreements between Apple and international wireless carriers has given American Technology Research higher conviction in the iPhone's near-term growth prospects, prompting an analyst at the firm to raise his price target on the company for the second time in as many weeks.
Less than two weeks after cutting his rating on Apple shares to Neutral, American Technology Research analyst Shaw Wu on Monday said he's taking a step-back, reinstating his Buy rating, and revisiting his long-term thesis for the multi-faceted electronics maker.
RBC Capital Market's Mike Abramsky and American Technology Research's Shaw Wu emerged atop the list of Apple analysts in providing the most accurate estimates for Apple's second fiscal quarter of 2008, and both are out Thursday with new research notes on the company.
Investment firm American Technology Research on Tuesday cut its long-standing Buy rating on shares of Apple Inc. to Neutral, citing near-term concerns with the stock's valuation, high expectations on the part of investors, and a potential product vacuum ahead of the third calendar quarter.
AmTech is chiming in with its own report on a 3G iPhone which the firm believes will be accompanied by a revised 2.5G model sporting a slight casing redesign. Meanwhile, Adobe has released a beta of its Lightroom 2.0 post-production photography software; Apple's China chief has been poached by the nation's leading search firm; and Germany receives fresh iTunes TV content.
American Technology Research on Monday increased its estimates for Apple's soon-to-end second fiscal quarter of 2008 on better than expected Mac growth. Meanwhile, an analyst long covering Apple for UBS has been lured away by Lehman Brothers, where he'll be tasked with a similar role.
By integrating digital video recording (DVR) features into Apple TV, Apple stands to transform its niche media hub business into a serious growth driver worth over a billion dollars annually, according to one Wall Street analyst.
Shares of Apple Inc. joined the broader technology sector in a brief free-fall early Tuesday morning as growing fears of a recession and slowing global economy weighed heavily on the Nasdaq stock market.
Wall Street's usual suspects have started to weigh in on Apple's Macworld announcements, with most speaking favorably of what company chief executive Steve Jobs laid out on Tuesday. However, at least one analyst was skeptical about the potential for the new MacBook Air.
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Slash Lane
Katie Marsal
AppleInsider Staff
Sam Oliver
Kasper Jade
