Monday, January 03, 2011 12:00:39 PM
Stocks are starting 2011 with a lift this morning thanks to better than expected manufacturing news out of Europe. Shares of AAPL are on a tear, up nearly 2%. Upcoming catalysts for Apple include the launch of the Mac App Store this Thursday; monthly NPD data (Mac / iPod business); iPhone and iPad sales updates and carrier expansion (Verizon); new content revenue streams such as video, books, newspapers and social (Ping); moving iTunes into the cloud; and the uptake of the new Apple TV. Shares of Apple trade at 15x Enterprise Value / Trailing Twelve Months Free Cash Flow (incl. long-term marketable securities).
Apple's iPad Likely Had A Blockbuster Holiday Season, According To Analysts (Fortune)
The iPad was no doubt on a lot of people’s holiday wish lists this year and analysts are predicting a blockbuster holiday season. Analysts estimate Apple sold between 5 million and 7.5 million units for this past quarter. Bill Shope of Goldman Sachs had the highest estimate with 7.54 million iPads sold while Daniel Ernst of Hudson Square had the lowest sales estimate of only 5 million units.
Tablet Sales Set To Skyrocket At The Expense Of PCs (All Things Digital)
Much as they were in 2010, tablet sales will be even more of a high point of 2011. According to Caris & Co. analyst Robert Cihra, tablet sales will more than triple, rising 226% to 54 million units. And of those, Cihra believes Apple will claim 67%. Which would spike iPad sales from around 14 million this year to 36 million in 2011. Meanwhile, PC growth (excluding tablets) is expected to drop from 14% this year to just 9% in 2011.
Apple To Rake In $2 Billion On Apps Alone In 2011 And That Might Be Conservative (TechCrunch)
According to Citibank, the iTunes App Store’s dominance won’t be slowing down anytime soon. In its U.S. Internet Stock 2011 Playbook, Citibank estimates that Apple will pull in up to $2 billion in gross revenue next year via the App Store. And if research firm Gartner’s forecasts are accurate, that number could be low. Gartner believes the global app market in 2010 totaled $4 billion, and that revenues will climb to a staggering $27 billion over the next two years.
Apple Will Hang On To 60% Of The Tablet Market (Barron's)
International Strategy and Investment Group analyst Abhey Lamba raised his price target on shares of Apple to $400 from $370, while reiterating a Buy rating. Results of a recent survey lead him to believe Apple will hold onto 60% of the tablet market in 2011. Lamba is modeling 27 million iPads to be sold by Apple in the fiscal year ending in September. His figure for the current quarter is 6.7 million units. Lamba is projecting 50 million units for the entire tablet industry this calendar year.
Holiday Sales Of The Galaxy Tab Can't Be Good With The $100 Price Cut (Droid Life)
Verizon is cutting the price of the Galaxy Tab to $500 contract-free. The $100 drop should take effect soon and will also include $60 of movie rentals from Blockbuster's app or Samsung's Media Hub. Anyone who bought the Android tablet within the past two weeks can get a refund for the price difference. Jay Yarow at Business Insider believes that this might suggest that holiday sales were less than stellar.
Verizon Allegedly Buys Domain Names, Yet Another Signal The Verizon iPhone Is On The Way (9To5Mac)
Although this is not a confirmation of the rumored Verizon iPhone, it looks like Verizon Wireless may have acquired the domain names iPhoneonVerizon.com and iPhoneforVerizon.com. Even if Verizon did purchase those domain names, this is no proof of a soon-launching Verizon iPhone as they could have purchased them for a later date or could have purchased them simply due to rumors and for potential traffic.
Recent AAPL News
- iPhone Sales Skyrocket in China, Nvidia Surges in Pre-Market Following xAI Fundraising, and More News • IH Market News • 05/28/2024 11:37:48 AM
- Nvidia Profits Set to Challenge Historic High Market; GE Aerospace Announces New Hires, and More News • IH Market News • 05/22/2024 10:37:09 AM
- Apple and Île-de-France Mobilités introduce Navigo card for iPhone and Apple Watch • Business Wire • 05/21/2024 03:30:00 PM
- CalPERS to Oppose Exxon Mobil Directors; Microsoft Unveils Copilot+ PCs with AI Focus, and More News • IH Market News • 05/21/2024 11:18:35 AM
- Li Auto Stocks Drop Post Earnings; Calhoun Re-elected to Boeing Board, and More News • IH Market News • 05/20/2024 11:03:22 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 10:30:33 PM
- Chubb Stock Soars 9% with Berkshire Acquisition, AST SpaceMobile jumps 37% on AT&T deal, and More News • IH Market News • 05/16/2024 11:27:07 AM
- Apple announces new accessibility features, including Eye Tracking, Music Haptics, and Vocal Shortcuts • Business Wire • 05/15/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 10:30:21 PM
- Walmart Corporate Job Cuts and Office Centralization, GameStop and AMC Surge, and More News • IH Market News • 05/14/2024 11:26:02 AM
- Apple Music celebrates the greatest records ever made with the launch of inaugural 100 Best Albums list • Business Wire • 05/13/2024 01:00:00 PM
- Arm Sets 2025 Target for AI Chip Development, Amazon and Microsoft Commit Billions to French Investments, and More • IH Market News • 05/13/2024 11:16:03 AM
- Weekly Surge for Render and Toncoin, US Bancorp Expands Bitcoin ETF Investments, and More in Crypto • IH Market News • 05/10/2024 07:32:06 PM
- Novavax Surges 57% Post $1.4 Billion Sanofi Deal; Apple Boosts Data Centers with AI and Internal Chips, and More News • IH Market News • 05/10/2024 12:02:56 PM
- Bain Capital in Talks to Acquire PowerSchool; Blackstone Emerges Victorious in Hipgnosis Bidding War, and More News • IH Market News • 05/09/2024 11:53:19 AM
- Meta Platforms Expands AI Ads, Apple Boosts iPhone Shipments, and More Highlights • IH Market News • 05/08/2024 12:27:48 PM
- Apple unveils stunning new iPad Pro with the world’s most advanced display, M4 chip, and Apple Pencil Pro • Business Wire • 05/07/2024 02:37:00 PM
- Apple unveils the redesigned 11-inch and all-new 13-inch iPad Air, supercharged by the M2 chip • Business Wire • 05/07/2024 02:37:00 PM
- Apple introduces M4 chip • Business Wire • 05/07/2024 02:37:00 PM
- Final Cut Pro transforms video creation with Live Multicam on iPad and new AI features on Mac • Business Wire • 05/07/2024 02:37:00 PM
- Logic Pro takes music-making to the next level with new AI features • Business Wire • 05/07/2024 02:37:00 PM
- Tesla’s April Sales Down 18% in China, Amazon’s Multi-Billion Dollar Cloud Expansion in Singapore, and More News • IH Market News • 05/07/2024 11:44:00 AM
- Index Futures Point to Strong Monday Opening, Building on Last Week’s Gains; Oil Prices Rise • IH Market News • 05/06/2024 12:09:15 PM
- Perficient Stock Soars 52.9% Post-Acquisition; Luminar Declines 10% Amid Workforce Cutbacks, and Other News • IH Market News • 05/06/2024 12:09:00 PM
- Jobs Data, Apple Earnings Contribute To Extended Rally On Wall Street • IH Market News • 05/03/2024 08:25:49 PM
Green Leaf Innovations, Inc. Engages Olayinka Oyebola & Co for Two-Year Audit • GRLF • May 28, 2024 8:30 AM
HealthLynked Introduces AI-Powered Chat Function to Enhance Healthcare Accessibility • HLYK • May 28, 2024 8:00 AM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM