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.

Analyst: CarPlay Shows Apple Push for Artificial Intelligence

10:34 AM, Mar. 3rd, 2014 · · Apple Stock Watch

Apple's announcement that CarPlay, formerly known as iOS in the Car, is coming to several car makers later this year is big news, but Wells Fargo analyst Maynard Um thinks there's a bigger play for the iPhone and iPad maker: Artificial intelligence.

Apple Annual Shareholder Meeting Takes Place Friday Morning

8:12 PM, Feb. 27th, 2014 · · Apple Stock Watch

$AAPL

Apple's annual shareholder meeting will take place on Friday morning at 9:00 AM PST. The meeting will be help at Building 4 of the company's Infinite Loop corporate headquarters, and it will feature a variety of shareholder proposals sponsored by both the company and various shareholders.

Barclays Lowers AAPL Rating Over Growth Concerns

9:34 AM, Feb. 21st, 2014 · · Apple Stock Watch

Barclays analyst Ben Reitzes is lowering his rating for Apple's stock even though he's excited about some of the products the iPhone and iPad maker is developing. His concern is that new markets for the company, including wearable technology, won't do much to help boost iPhone sales.

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Apple is still growing and the iPhone is expanding into new markets. That isn't, however, enough to reassure Ben Reitezes from Barclays that the company's market cap hasn't plateaued. Apple may still be a growing company, but not at a rate that makes him happy.

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

AAPL Chart

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.