AAPL recovering after initial WWDC nosedive

In heavy trading volume today, Apple stock (AAPL) is down four percent after initially dropping to 176.23 halfway through the keynote at 1:55 p.m. Eastern time. At the time of posting, AAPL was trading near 177, which is a decline of over four percent since the closing bell yesterday. Apple stock has taken hits in the past on announcement days, usually due to traders looking to make a quick buck from the high interest surrounding coverage of the event. An update, after the jump.Continue reading AAPL recovering after initial WWDC nosediveRead | Permalink | Email this | Comments

AAPL to grow due to Macs, not iPhone, iPod?

Apple's Macintosh computers will play a bigger role in the company's growth than the iPhone and iPod, according to industry analysts. CNN Money reports that BMO Capital Markets analyst Keith Bachman today cut Apple's stock target from $160 to $140 per share. Bachman says that the iPhone's growth is slowing and he remains skeptical on Apple's target...]]>

Al Gore Buys Extra Apple Stock

Former Vice President and Apple Board-member Al Gore has used his stock options to purchase more shares of Apple stock at a discounted price, according to reports. It appears he has used his board position to buy 1,000 shares in Apple at a reduced $7.48, giving him immediate $124,060 profit potential. Those shares were worth $131,540 by the end of Tuesday, as Apple is seeing it’s stock crawl back up. Gore still has the opportunity to buy as many as 59,000 more shares later on. Apple stock has been falling dramatically since the beginning of the year, losing more than $70 since it’s $200 high in December. Starting this Monday, Apple stock began to crawl back up, and made a reasonable spike of over $3.00 Thursday, closing at $135.36 as of this writing. Read [MacNN] Written by Adam Fisher-Cox for Appletell. | Permalink | Have something to say? Add a Comment! Section: Apple, Apple News

Jobs Reassures Investors in lieu of Unstable AAPL stock

In a letter obtained by AppleInsider, Steve Jobs urges investors to remain confident in the company, acknowledging the rapid slide in stock price of late. Jobs opened the letter by saying that the Apple stock has been “buffeted around by factors a lot larger than [it].” Jobs points out that among other tech companies, Apple has remained the strongest: “As you can see, we have outperformed many other blue-chip tech companies, including Google. I continue to believe that our fundamentals - our remarkable people, our clear and focused strategy, our new product pipeline, our 200+ retail stores, our $18 billion of cash in the bank with no debt, etc., will serve us well in the coming months and years.” In closing, Jobs told stockholders to “hang in there” and said he was confident that Apple stock would return to where it was and grow further. With 5.54 million shares of Apple, Steve Jobs is the second largest shareholder in Apple behind Fidelity Investments. Read [AppleInsider] Written by Adam Fisher-Cox for Appletell. | Permalink | Have something to say? Add a Comment! Section: Apple, Apple News, Steve Jobs

Pacific Crest ups AAPL targets

Section: Apple, Apple News, iPhone + Communications, iPhone Andy Hargreaves, an Analyst from Pacific Crest, has high hopes for AAPL. This morning, he raised his estimate for AAPL $10, from $225 to $235. Also of note was his AAPL EPS estimate for Fiscal September ‘09, which he brought up to $6.55 from $6.20.  With many analysts and firms upping the estimates and predictions, Apple has some big expectations to fulfill. Most of these recent increases have been attributed the the iPhone 3G. Many groups (including Pac Crest) predict iPhone sales in huge excess of Apple’s goals, reaching as high as 500,000 units sold by the end of the week. Though AAPL has been hurting in the last few days (down more than a dollar in the last day alone), you can expect very sizable jumps come July 11th.  iPhones will be flying off the shelves, so now the question is whether Apple can keep up with demand. Hargreaves himself says he does not wish to increase his units sold prediction and stands firmly by his original prediction of 15.5 million by the end of 2008 (despite many predictions being significantly higher). Via [Barron’s] Full Story » | Written by Mark Rowland for Appletell. | Comment on this Article »

AAPL Stock only $10/share, Analysts say to avoid

Section: Apple, Apple NewsToday, AAPL stock dropped below $10 a share and even though the price seems good, analysts are asking you to step back and spend your money elsewhere. Even with the recent launch of Apple’s (destined to fail) iPod, everyone is still advising you to hold onto your money. A major release bringing a drop in stock prices is pretty bad, and from the looks of Apple’s new product lineup, you shouldn’t expect the stock to do anything for the next few years - if the company is still around. The industry seems to be investing more and more into the Microsoft company, who is said to be working on a product much better than anything Apple could put out at this current time, dubbed Windows XP. This software is said to be so revolutionary that it will include both a Notepad, Calculator, and the popular game Minesweeper. Full Story » | Written by Michael Yurechko for Appletell. | Comment on this Article »