Apple Posts a Record September Quarter - $42.1 Billion Revenue, $8.5 Billion Earnings

5:02 PM, Oct. 20th, 2014 · · Apple Stock Watch

$AAPL

Apple posted another record quarter Monday, when the company announced results for the September quarter, Apple's 4th fiscal quarter. Apple had record revenue of US$42.1 billion, with record 4th quarter earnings of $8.5 billion (earnings per share of $1.42). The company said that strong iPhone, Mac and App Store sales drove both revenue and earnings.

Attorneys Fish for Shareholder Launch Class Action against GTAT

3:32 PM, Oct. 13th, 2014 · · Apple Stock Watch

Piggybank

The Law Offices Bernard M. Gross, P.C. started the shareholder lawsuit train against GT Advanced Technologies (GTAT) on Monday. Attorneys at the firm are seeking a lead plaintiff for the case, which accuses executives, directors, and underwriters of misleading investors in the wake of the company's fallout with Apple.

Icahn to Apple: Buy Back More Shares

2:10 PM, Oct. 9th, 2014 · · Apple Stock Watch

Apple has US$133 billion in cash and big-name investor Carl Icahn thinks it's time for the iPhone and iPad maker to use some of that money to buy back more stock. In an open letter to Apple CEO Tim Cook, Mr. Icahn said he thinks the company's stock is currently sitting at about half its value, and that's an opportunity not to be passed up.

The Mac Observer Spin The Mac Observer Spin is how we show you what our authors think about a news story at quick glance. Read More →

Carl Icahn is right about this being a good time for Apple to buy back more of its stock, but don't think his open letter is an altruistic move. This is all about business and increasing his own profit. That's just how business works.

Analyst: Apple Could take GTAT’s Sapphire Furnaces

2:24 PM, Oct. 7th, 2014 · · Apple Stock Watch

With GT Advanced Technologies filing for chapter 11 bankruptcy protection, questions about what that means for Apple and its plans for synthetic sapphire glass displays for the Apple Watch and future iPhones. Susquehanna Financial Group analyst Chris Caso thinks Apple could take possession of the furnaces, take back the factory it leased to GTAT, and buy more sapphire-related IP from the company, too, turning the iPhone and iPad maker into its own glass manufacturer.

Deutsche Bank Lowers AAPL Target, Says no Surprises Coming

9:27 AM, Oct. 3rd, 2014 · · Apple Stock Watch

Deutsche Bank analyst Sherri Scribner lowered her target price for Apple's stock from US$105 to $102 because she doesn't see any new product surprises coming from the company. She thinks the company could have trouble beating investor expectations for iPhone sales, and that there won't be any new product announcements before the end of the year.

Evercore Raises AAPL Target on Strong iPhone 6 Demand

10:31 AM, Oct. 1st, 2014 · · Apple Stock Watch

Evercore Partner analyst Rob Cihra raised his target price for Apple's stock to US$125 in response to stronger than expected iPhone 6 and iPhone 6 Plus sales. He now expects Apple to sell 39 million new iPhones during its fiscal fourth quarter, which ended on September 30, and 65 million units during the December quarter.

The Mac Observer Spin The Mac Observer Spin is how we show you what our authors think about a news story at quick glance. Read More →

Analysts seem pleased with iPhone 6 demand, but it looks like they won't be really happy until they see new iPads ship.

Strong iPhone 6 Sales Boost Canaccord’s AAPL Target to $115

2:44 PM, Sep. 22nd, 2014 · · Apple Stock Watch

Following Apple's announcement that it sold over 10 million iPhone 6 and iPhone 6 Plus smartphones over its launch weekend, Canaccord Genuity analyst Michael Walkley raised his target price for the company's stock from US$112 up to $115 citing demand for the new models.

Launch Day Survey Says iPhone 6 Plus is the Go-to Choice

11:20 AM, Sep. 19th, 2014 · · Apple Stock Watch

Despite the pre-order frenzy a week ago, shoppers are lining up in droves to get ahold of Apple's new iPhone 6 and iPhone 6 Plus and the favorite so far is the larger screen model. Wells Fargo analyst Maynard Um surveyed lines outside Apple Stores in New York City Friday morning, and he found over 60 percent were hoping to get an iPhone 6 Plus, and they want the 64GB and 128GB models.

The Mac Observer Spin The Mac Observer Spin is how we show you what our authors think about a news story at quick glance. Read More →

Long lines for big screen iPhones. <sarcasm>Too bad interest in iPhone is gone.</sarcasm>

Analyst: iPhone 6 Launch Weekend Sales to Fall Short, No Big Deal

11:11 AM, Sep. 18th, 2014 · · Apple Stock Watch

Following its record breaking iPhone 6 and iPhone 6 Plus pre-order launch Apple has been expected to sell around 10 million smartphones during this weekend's in-store rollout, but Bernstein Research's Toni Sacconaghi thinks the company will fall short of that number. Instead of calling doom and gloom, Mr. Sacconaghi thinks that won't be any big deal because launch weekend sales are more about inventory availability than demand.

The Mac Observer Spin The Mac Observer Spin is how we show you what our authors think about a news story at quick glance. Read More →

Tony Sacconaghi may think it isn't any big deal if iPhone 6 launch weekend sales don't hit the 10 million unit mark, but it's a safe bet other analysts and the media will skewer Apple and say the company -- or at least the iPhone -- is doomed.