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.

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

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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.