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Gene Munster: Apple to Sell 5 Million iPhones This Quarter

One of the more highly regarded Apple analysts, Piper Jaffray’s Gene Munster, has recently raised his fourth quarter sales estimates, which ends on September 30.

In a report issued today based on sales data from the NPD Group, Munster notes that he is “incrementally more confident” in unit sales for each of Apple’s three primary product [...]

New Macbooks Confirmed For Next Month, LED Display and Aluminum Casing

We have been hearing multiple rumors pointing to an overhauled notebook line for some time now. On September 10th, we reported about the possibility of a Special Event being held by Apple (Nasdaq: AAPL) on October 14th to release the new notebooks. New information suggest that new Macbooks have already begun shipping to retailers.
New information [...]

Apple Share Prices Tumble, Wall Street Looks to Steve Jobs’ Physical Health

Throughout the entire tri-fecta of doom, Apple’s share prices have shockingly outperformed the market, and somehow managed to stay at impressive levels in the face of direct consumer backlash. The past three weeks have been a different story with Apple shares tumbling over 20 points.

Shares of Apple, Inc. (AAPL) have been getting hammered lately, today [...]

Apple to Sell 10 Millionth iPhone by End of September

This past Saturday, one ambitious iPhone 3G owner and AAPL investor, known as, “BillH,” made a contribution to The Mac Observer’s Apple Finance Board (AFB) reporting his recently purchased device’s International Mobile Equipment Identity (IMEI) number.

So what is the importance of all this you may ask. The number that he had reported may represent [...]

Credit Suisse: Now is the Time to Buy Apple (AAPL)

With AAPL currently trading at $168.58, now may just be the right time to buy as Credit Suisse has set a target price of $200.

Credit Suisse has recently began coverage of AAPL, delegating an Outperform rating and $200 target price. There are a number of key components that may allow Apple to grow at [...]

Apple Planning Special Event in September; New iPods and Macbooks?

Investment bank Piper Jaffray speculates about the possibility of an announced special Apple (AAPL) event taking place in the month of September. The event would be used by Apple as a launching pad for a new line of iPods and Mac notebooks.

Analyst Gene Munster is expecting the Cupertino based tech giant to refresh its iPod [...]

Apple; $20.8 Billion in Cash, No Public Plans and a lot of Speculation

Apple’s heaping pile of cash continues to sit around accumulating low level interest. While most shareholders claim to be bothered by the lack of this money’s use. The debt-free Cupertino based technology company claims to be preserving their flexibility, by letting the sum build up.

“Apple Inc. (AAPL) shareholders haven’t had much to carp about, with [...]

Steve Jobs Doesn’t Owe You Anything; His Health Should Stay a Private Matter

I am sick of hearing analysts and whiny Wall Street pundits clammoring about how Apple CEO Steve Jobs’ health is not a private matter. The bottom line, in fact: His health is entirely a private matter, and should remain that way.

For the sake of a fair disclaimer, let me start off by stating that I [...]

Macbook Touch? Think Again. Completely Re-vamped Notebook Line Instead?

A recently republished rumor from our friends over at MacDailyNews about an upcoming Macbook Touch has recently attracted major attention across the web. So much so, that even the Wired Gadget Lab, not particularly known for endorsing or spreading mac rumors, has written about the elusive device as well. However, amongst all of the ongoing [...]

Apple’s Stock Price After the Q3 Earnings Call. Time to Buy? YES!

Apple held a quarterly conference call at 2pm Pacific Time yesterday to report recent earnings, future financial goals and give their shareholders, the public and the media some insight into how the company is doing during this economic downturn.

Before the conference call, Apple shares (AAPL) were trading at around $166-$172/share, even hitting $189 on [...]

[Press Release] Apple Reports Record Third Quarter Results

Revenue Up 38 Percent Year-Over-Year; Mac Sales Reach All-Time High
During it’s Third Quarter Financial Results-Conference Call, Apple (Nasdaq:AAPL) issued a press release announcing some rather impressive numbers. Some key quotes from the press release are below, or you can read the full release here.
CUPERTINO, California—July 21, 2008—Apple® today announced financial results for its fiscal 2008 [...]

Apple’s Q3-2008 Financial Results-Conference Call to start at 2pm PT

Apple’s Q3-2008 Financial Results Conference Call will begin today at 2:00pm PT/5:00pm ET. If you are planning on listening to the webcast, please make sure you have QuickTime installed before the event begins.
Apple’s conference call webcast discussing Q3 – 2008 financial results will begin at 2:00pm PT/5:00pm ET on Monday, July 21, 2008.
Please note that [...]

Apple reports Q3 earnings on Monday

Apple is set to report its fiscal third quarter financial results on Monday, July 21, after the close. So the question stands at not only what they will report, but how Wall Street will react and whether it is wise to buy ahead of earnings.

In terms of numbers, Thompson Financial’s analysts are expecting Apple [...]

Profit Rundown: The BIG Picture

Attention:  For those of you with financial interest in APPL, or those of you with interest in REALLY big numbers beginning with dollar signs, listen up.

CNN.com and blog Apple 2.0 have done some “back of the envelope” analysis of the estimated profit Apple raked in after last-weekend’s blowout.  Using numbers provided by Apple (units sold), [...]

Some Question Apple’s iPhone 3G Sales Numbers

As we should all know by now, Apple has reported sales of 1 million iPhone 3Gs in the first weekend, with Steve Jobs himself touting the release an astounding success. 

The iPhone 3G’s record breaking sales number has been written about worldwide, along with first and second hand reports of network and activation issues, fables of [...]

Steve Jobs and Ex-Apple Execs Sued Over Backdating

In December 2006 it was first reported that federal investigators were looking into allegations that Apple Computer executives had knowingly falsified documents regarding favorable stock option grants awarded to employees. Shortly thereafter, Apple filed its Form 10-Q and Form 10-K (quarterly and annual financial statements) with the Securities and Exchange Commission, restating the company’s [...]

AAPL target price gets raised (again).

“Pacific Crest’s Andy Hargreaves this morning raised his price target on Apple (AAPL) to $235 from $225, and upped his EPS estimate for the September 2009 fiscal year to $6.55 from $6.20. The moves reflect his bullish views on the prospects for the iPhone.”
“Hargreaves contends the new business model for the phone improves near-term cash [...]

Apple share targets hit $287. Still relatively low.

Apple, Inc. (Stock ticker: AAPL) has been on a financial tear since unveiling the iPhone in June, 2007. Exactly a year ago yesterday the stock closed at $125.09, today it hovers in the low $180’s. Within the last year, Apple’s stock price rose as high as $202.96 before it was pummeled all the way back [...]

Mac sales up 50% in May.

Lehman analyst, Tim Luke, pointed out in a note today, that new data from market research firm NPD shows Mac sales up a reported 50% on a year-over-year basis in May, ahead of the 37% of the second quarter growth that they had expected.
Sales of iPods were also up 11.6% in May, about 3% less [...]

Multi-touch device, 3G Coverage, and 2.5G iPhones….Oh my!

According to a client report on Thursday by American Technology Research analyst Shaw Wu,
We believe there is a 50% chance that a new form factor will be introduced, marking Apple’s entrance into the emerging ‘MID’ or mobile Internet device market. Our sources indicate 4-inch and 7-inch touchscreen devices beyond prototype state that are [...]