Mac Sales Remain Steady, Needham Lowers AAPL Target Price

11:38 AM, Feb. 11th, 2014 · · Apple Stock Watch

Needham & Company analyst Charlie Wolf has noted that the average sale price for Mac computers has remained steady at US$1,300 for several quarters based on slow growth. Even still his 12 month target price for the company's stock is now $590, down from his $595 estimate from the second half of 2013.

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Mr. Wolf's target price may not reflect how he actually feels about Apple's performance potential right now. He sets his target price twice a year, and right now we're seeing a value he set before running his latest numbers.

Analyst: AAPL to Raise Shareholder Dividend

2:16 PM, Feb. 7th, 2014 · · Apple Stock Watch

Apple bought back another US$14 billion of its own stock when prices dropped after its first quarter earnings report in a move CEO Tim Cook called "opportunistic." Wells Fargo analyst Maynard Um sees that as a move to help increase value for long-term investors, and he thinks Apple will announce a dividend increase for shareholders in April, raising the amount from $3.05 to $3.45.

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Assuming Apple increases its stock buyback program and shareholder dividend it's a safe bet the company will take on more debt instead of bringing offshore cash into the country. That's not a bad thing since borrowing will be cheaper than the tax hits the company faces when bringing money into the country, and every share the company buys increases the overall value for the shares that are still available.

AAPL Snaps up Another $14B of its Stock over Past 2 Weeks

9:16 AM, Feb. 7th, 2014 · · Apple Stock Watch

In the two weeks following its earning report that disappointed analysts, Apple has bought back another US$14 billion of its own stock. The purchase was part of the iPhone and iPad maker's $60 billion stock buyback program, and brings its total buybacks over the past 12 months up over $40 billion.

Canaccord Lowers AAPL Target on Missed iPhone Sales

8:28 PM, Jan. 28th, 2014 · · Apple Stock Watch

Apple sold 51 million iPhones during its first fiscal quarter for 2014, coming in under Canaccord Genuity analyst Michael Walkley's expectations. That, coupled with his expectation that Q2 iPhone sales will be seasonally lower, has Mr. Walkley lowering his target price for Apple's stock, but still sees strong enough prospects to maintain his "Buy" rating.

Carl Icahn Plunks Down Another $500 Million on $AAPL

5:57 PM, Jan. 28th, 2014 · · Apple Stock Watch

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Carl Icahn put his money where his mouth has been and spent another half billion dollars on shares of Apple, Inc. The Wall Street raider swooped in on Tuesday after investors punished $AAPL for selling fewer iPhones than expected and for offering flat guidance for the March quarter even though the company just signed up China Mobile and Japan's DoCoMo.

Wells Fargo: Carriers Now Control iPhone Sales

9:20 AM, Jan. 28th, 2014 · · Apple Stock Watch

Apple reported record revenue during its first fiscal quarter for 2014 and 51 million iPhones sold, but Wells Fargo analyst Maynard Um is saying demand for the company's smartphone is light since he was expecting 54.8 million units sold. The reason behind lower than expected iPhone sales was lighter demand driven in part by cell service providers getting strict about 24 month smartphone upgrade cycles.

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iPhone sales are up year over year, but analysts are worried about those numbers dipping. With cell service providers getting stricter on 24 month upgrade cycles, it's a real possibility that fewer current iPhone owners will upgrade to the latest model as often, and that could have a real impact on quarterly sales.

After Hours Traders Send $AAPL Down $43.50 on Guidance & iPhone Sales

7:54 PM, Jan. 27th, 2014 · · Apple Stock Watch

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Shares of Apple Inc. fell sharply in after-hours trading Tuesday as traders reacted negatively to Apple's guidance for the March quarter and iPhone sales that were less than expected. Shares of $AAPL dipped to US$507.00, down $43.50 (-7.90 percent), in the wake of Apple's earnings report in the after-hours session.

Apple Posts Record Q1 Revenue, but Guidance Sours After-Hours

4:59 PM, Jan. 27th, 2014 · · Apple Stock Watch

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Apple reported record revenue for the December quarter—the company's first fiscal quarter—of US$57.6 billion, up from $54.5 billion in the year ago quarter. Profits were $13.1 billion, flat year over year, but because Apple has has bought back millions of shares, earnings per share came in at $14.50, up from $13.81 EPS a year ago. Apple beat consensus EPS estimates of $14.09, but it wasn't enough for the after-hours market, which sent shares of $AAPL down $31.26 (-5.68 percent) to $519.24 per share, in part because of Apple's Q2 guidance.

Analyst: iPhone 5S, iPad Driving AAPL Q1 Revenue

11:02 AM, Jan. 27th, 2014 · · Apple Stock Watch

With Apple's first fiscal quarter earnings report scheduled for this afternoon, Well Fargo analyst Maynard Um is offering up his last minute expectations. He's expecting Apple will report earnings driven by iPhone 5S and iPad sales: Specifically, 54.8 million iPhones and 24 million iPads.

AAPL Q1 2014 Earnings Report Scheduled for Monday Afternoon

8:40 AM, Jan. 27th, 2014 · · Apple Stock Watch

Apple's first fiscal quarter earnings report conference call is scheduled to start Monday afternoon at 5PM eastern time. With the iPhone 5S and iPhone 5C, plus iPad Air and iPad mini sales during the holiday quarter, Apple could announce record breaking earnings and revenue numbers. Be sure to check in with The Mac Observer this afternoon for our earnings report coverage.