Articles for Apple

Weekly Mobile Updates: Qualcomm and Apple

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Friday, February 3rd, 2012 by

The past week saw Qualcomm (NASDAQ:QCOM) report excellent December quarter results Wednesday, capping off what has been an excellent year for the company and heading into 2012 on a high note. This comes on the back of record iPhone sales reported last week by Apple (NASDAQ:AAPL), which helped it reclaim its spot at the top of the smartphone market from Samsung. Further, record-breaking iPad sales also helped Apple dethrone HP (NYSE:HPQ) as the largest global PC player. Finally, in a move that could further boost Apple’s iPhone sales, China Telecom (NYSE:CHA) confirmed that it was all set to launch the iPhone 4S on its network as early as the end of February or the beginning of March. Read More »

Apple’s iPad Leads In Customer Ratings; Kindle Fire Follows

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Friday, February 3rd, 2012 by

Amazon’s (NASDAQ:AMZN) Kindle Fire may be much cheaper than the iPad but it lags behind when it comes to customer satisfaction, according to a survey conducted by market research firm Changewave Research. The survey revealed that 74% of Apple’s (NASDAQ:AAPL) iPad customers were ‘Very Satisfied’ with the tablet as opposed to 54% for the Fire. However, the Fire fared much better than its other tablet competitors, who received an average rating of 49% combined.  We believe that customer satisfaction is a good indicator of the future demand for tablets and the Fire has done really well in the limited time it has had in the market, but the iPad will continue to set the pace for this relatively nascent industry.

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iPhone 4S Pushes Apple to Number 3 Spot in Overall Mobile Phone Market

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Thursday, February 2nd, 2012 by

Ever since iPhone 4S was launched in October last year, Apple (NASDAQ:AAPL) has made rapid strides in the mobile phone market. According to a latest report published by IDC for 2011, record sales of the iPhone pushed Apple past ZTE and LG to become the third-largest handset vendor in the world. Nokia (NYSE:NOK) and Samsung continue to take the top two spots in the global mobile market, although Nokia experienced an year-over-year sales decline of around 8% and is heavily reliant on low end phones targeting emerging markets.

Our $550 price estimate for Apple stock is about 20% above market price.

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Apple Leads Global Chips Market Shift from PCs to Wireless

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Thursday, February 2nd, 2012 by

The iPhone and the iPad have helped Apple (NASDAQ:AAPL) lead the global trend in chip expenditure that has pushed wireless devices past the sales of computer chips. According to an iSuppli report, wireless devices have become the largest consumers of the semiconductor market, and account for 24% of the total chips sold. The report also mentioned that Apple was, by far, the largest spender on semiconductors in the tablet space with an expenditure of $4.6 billion, followed by Samsung at $600 million and HTC at $200 million.

The iPhone accounts for more than 50%, and iPad for around 13% of our $550 price estimate for Apple stock. Our price estimate is about 20% above market price.

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Apple’s Chinese Suppliers Have a Large Say in How 2012 Shapes Up

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Wednesday, February 1st, 2012 by

Over the last few years, Apple (NASDAQ:AAPL) has encountered numerous raw material supply-related issues but has overcome these challenges every time, resisting any kind of impact on the production of its devices. There have been few such incidents last year, such as the Japanese earthquake and shortage of labor and material in China. But Apple managed these problems deftly while other tech players such as Intel (NASDAQ:INTC), HP (NYSE:HPQ) and Dell (NASDAQ:DELL) suffered.

However some other issues could crop up regarding the safety and environmental impact of some of Apple’s Chinese suppliers following a string of incidences last year. In one instance, one of Apple’s iPad makers was accused of using noxious gases that poisoned several workers.

Our $550 price estimate for Apple stock is about 20% above market price.

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China Telecom Confirms iPhone 4S Launch As Early As February

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Wednesday, February 1st, 2012 by

China Telecom (NYSE:CHA) and Apple (NYSE:AAPL) are both set to reap the benefits from the iPhone 4S launch on China Telecom’s network. According to a report in China Daily, China Telecom could start selling the device as early as the end of February or the beginning of March. In this regard, China Telecom joins China Unicom (NYSE:CHU), which was thus far the only operator offering the iPhone with contract in China. This is a big win for Apple as well and will help it expand its presence in China. Meanwhile, the deal with China Mobile (NYSE:CHL), which is the largest wireless carrier in the world, still remains in the works for Apple.

Our $68 price estimate for China Telecom stock is about 20% above market price, and our $550 price estimate for Apple stock is also about 20% above market price.

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As iPhone 4S Sales Peak in Q1, Smartphone Peers Hold Off on New Launches

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Tuesday, January 31st, 2012 by

Apple’s (NASDAQ:AAPL) recently announced quarterly results surprised many as it not only exceeded its own revenue estimates by almost 25% but most analysts’ as well. The iPhone 4S, which was launched in October last year, was a huge success and helped Apple sell 37 million iPhones in the last quarter. The success of the 4S has probably started to affect the strategies of competitors like Samsung, HTC, Nokia (NYSE:NOK) and LG.

According to a DigiTimes report, Apple’s rivals are holding off on device launches because based on previous experience, iPhone 4S sales will peak in the first quarter of 2012 before declining in the second quarter.

Our $550 price estimate for Apple stock is about 25% above market price.

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Apple the Largest Maker of PCs, Courtesy of iPad

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Tuesday, January 31st, 2012 by

Apple (NASDAQ:AAPL) has proclaimed for a long time that we are now in a post-PC era, in which people would no longer need the traditional PCs and instead engage themselves with the digital world through iPhones and iPads. This theory seems to have gained strength as indicated by a recent report from Canalys. According to the report, Apple has now become the largest global PC player and surpassed HP (NYSE:HPQ) to take the top spot. Lenovo was the only other player to have gained market share in this market, while Dell (NASDAQ:DELL) and Acer lost considerable market share.

Our $550 price estimate for Apple stock is about 20% above market price.

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Apple Worth $550 After Regaining Top Spot in Smartphone Market

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Monday, January 30th, 2012 by

No doubt Apple’s (NASDAQ:AAPL) December ending quarter 2011 earnings produced remarkable results. It not only exceeded its own revenue estimates by almost 25% but also most analysts’ as well. Another interesting news that came out of the excellent results was Apple overtaking Samsung in the smartphone market.

Apple sold 37 million iPhones last quarter compared to 36.5 million smartphones sold by Samsung. With these results, Apple’s global smartphone market share has increased to 23.9%, while Samsung’s has risen to 23.5%. This finding also highlights the intense competition between the two tech giants as they wrestle for the top spot. 

Our $550 price estimate for Apple stock is about 25% above market price.

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Apple Worth $550, iPhone Drives Half of Value

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Wednesday, January 25th, 2012 by

Apple (NASDAQ:AAPL) blew past expecations when it announced its Q1 FY 2012 results Tuesday afternoon, posting record sales in almost all of its major products. The iPhone, the iPad and the Mac saw record sales last quarter helping Apple post revenues of $46.3 billion that not only exceeded its own estimates by almost 25% but also most analysts’ as well. Net income also surged to $13 billion, which is around 116% ahead of Q1 FY 2011. To put this figure in context, Google’s (NASDAQ:GOOG) entire revenue last quarter was $10.6 billion.

The record earnings was cheered by the market as the stock dismissed the ‘buy the rumor, sell the news’ chatter in the market. The stock climbed almost 8% in after-hours trading post announcement.

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