Apple Beats the Street, Reports $45.6 Billion Revenue and $11.62 EPS [Update]

4:37 PM, Apr. 23rd, 2014 · · Apple Stock Watch

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Apple reported its fiscal second quarter results on Tuesday, and the company beat Wall Street's estimates. Apple reported revenue of $45.6 billion with earnings of $10.2 billion, or earnings per share (EPS) of $11.62. That's up year over year, and tops consensus estimates from analysts of $9.07 billion in revenue with EPS of $10.18. The article has been updated with additional information.

Reminder: AAPL Q2 Earnings Report this Wednesday

8:45 AM, Apr. 21st, 2014 · · Apple Stock Watch

Apple's second fiscal quarter earnings conference call for 2014 is scheduled for Wednesday, April 23, and will come with the usual watchful eyes of investors and analysts looking to see exactly how the company performed post-holiday season. Analysts will be watching Apple's iPhone and iPad sales figures closely, and The Mac Observer will offer our usual news coverage and analysis of the event.

Analyst: Apple wants $100 iPhone Price Increase

6:07 PM, Apr. 14th, 2014 · · Apple Stock Watch

Apple is reportedly pushing carriers for a US$100 increase in the price it plans to charge for the iPhone 6. Carriers have been resistent to raising the iPhone's price, but will likely succumb and pass on the cost to their customers, according to Jeffries analyst Peter Misek.

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Driving up the iPhone's price by $100 doesn't sound like a smart idea in a market where Apple wants to draw in more smartphone customers instead of driving them to cheaper Android-based products. Jeffries analyst Peter Misek thinks that's what Apple has in store, however, and that it won't have a negative impact on sales. Color us skeptical.

Deutsche Bank Initiates AAPL Coverage with $650 Target Price

11:25 AM, Apr. 11th, 2014 · · Apple Stock Watch

Deutsche Bank analyst Sherri Scribner initiated coverage of Apple's stock on Friday with a US$650 target price, saying the company likely has some surprises in store. Apple hasn't released any new products yet in 2014, but company CEO Tim Cook has said that there would be big announcements throughout the year.

Apple Schedules Q2 Conference Call for April 23rd

7:19 PM, Mar. 31st, 2014 · · Apple Stock Watch

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Apple announced on Monday that it will hold its March quarter conference call with analysts on Wednesday, April 23rd, at 5:00 PM EDT. The march quarter is Apple's 2nd fiscal quarter, and the event will be webcast.

Analyst: Q2 iPhone Sales to Hit 42M, Blow by Wall Street Estimates

11:35 AM, Mar. 19th, 2014 · · Apple Stock Watch

Apple's second quarter iPhone sales will hit the 42 million mark, coming in above the market consensus of 38 million. That high number comes from Morgan Stanley analyst Katy Huberty who said everyone has been reading the supply chain information wrong.

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42 million iPhones versus 38 million? That's some serious money for Apple's bottom line. If she's right, it'll be interesting to see how Wall Street responds: happiness for beating their estimates, or disappointment for not beating then enough.

iPad Switch Out Takes On Samsung’s New Tablets

10:21 AM, Mar. 19th, 2014 · · Apple Stock Watch

Apple dropped the iPad 2 as its lower priced tablet on Tuesday and replaced it with the formerly discontinued fourth generation iPad with Retina Display. Wells Fargo analyst Maynard Um thinks that was a smart move because it puts Apple in a better competitive position against Samsung and its new Galaxy TabPRO product line.

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Apple's fourth generation iPad may be old gear in technology terms, but it still offers a great feature set at a good price point. It beats Samsung's new Galaxy TabPRO price point, and for consumers who were already thinking about an iPad, that may be enough to keep them from looking at Samsung's tablets.

Analyst on Oppenheimer’s Retirement: No Surprise, No Problem

10:52 AM, Mar. 4th, 2014 · · Apple Stock Watch

Apple announced on Tuesday morning that long time CFO Peter Oppenheimer will be retiring later this year and will be replaced by current Corporate Controller Luca Maestri. Wells Fargo analyst Maynard Um didn't see the announcement as a surprise and he expects the transition to go smoothly.

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Wells Fargo analyst Maynard Um thinks Apple has it all under control with Peter Oppenheimer's retirment, and that's no big surprise. Apple doesn't do things by chance, and they always have a plan.