Report: $900 MacBook could increase revenue by 50%

Bernstein Research has upgraded AAPL stock status and claims that a $900 MacBook could lead to substantial revenue and market share gains, as reported by AppleInsider. The firm placed the stock in the "Outperform" category, citing its current price as overly discounted and expects its near-term financials to remain strong even in the current economic maelstrom. This is undoubtedly good news for Ap...

AAPL hits 52-week low, cries itself to sleep

Apple shares today dropped to an intra-day 52-week low of a penny over $75, and rebounded to close at $80.49 per share. That was down 5.8 points from yesterday's close. This marks the lowest prices for Apple stock since the introduction of the iPhone in early 2007. Many stocks lost ground today in a broad market selloff that saw the Dow Jones Industrial Average down nearly 445 points. Marketwatch.com's Rex Crum says that AAPL has lost "the iPhone premium": That is, whatever gains the company made since the introduction of the popular handset. Apple shares hit a peak of almost $203 per share late last year, but those days are long gone. If there's a silver lining to this gray cloud, it's that now might be a good time to buy. Macworld Expo is coming in January. In years past, the stock price has risen in anticipation of product announcements at the expo, leading to a selling frenzy the day of the keynote. Of course, past performance does not necessarily indicate future results. In this market, who knows?TUAWAAPL hits 52-week low, cries itself to sleep originally appeared on The Unofficial Apple Weblog (TUAW) on Thu, 20 Nov 2008 21:46:00 EST. Please see our terms for use of feeds.Read | Permalink | Email this | Comments

AAPL up nearly 14% among broad market gains

Shares of Apple stock closed higher today, among a widespread buying spree that pushed the Dow Industrials up a record-breaking 936 points. AAPL closed at $110.26 per share, an increase of $13.46. Nearly 55 million shares changed hands. Microsoft, Dell, Google, HP, Sun, and AT&T also posted double-digit percentage gains for the day. Analyst firm Sanford C. Bernstein upgraded Apple stock to "outperform" this morning, saying the company's short-term prognosis looks good, despite the dip in the market. Bernstein did, however, cut its price target by $50 to $135. AAPL was up slightly in after-hours trading.Read | Permalink | Email this | Comments

Does the Apple stock plummet from yesterday equal a buying opportunity?

Section: AppleApple stock (AAPL) dropped nearly 18% yesterday, reaching their lowest level in over a year. The tumble came after RBC Capital Markets analyst Mike Abramsky and Morgan Stanley analyst Kathryn Huberty each cut their ratings on Apple’s stock in anticipation of slower earnings growth for the current quarter and fiscal year. They believe the continuing downturn in the economy will see fewer consumers spending the premium for Macintosh computers, and will instead focus on the sub $1,000 PC market, which Apple currently avoids. But, if you have plans to call your analyst today, it may be wiser to buy, than to sell, according to Computerworlds Seth Weintraub: Many people will probably use this as a buying opportunity. Morgan Stanley’s analyst has a poor record on Apple predictions. RBC Capital’s is better but Apple prodigy Gene Munster at Piper says this might be a buying opportunity. Also, Apple hasn’t been this low in over a year and its international products are doing very well against its PC and Windows competitors. Hmm… “Hmm...” indeed, as Apple stock is already back up 3.70% as of 10:57 a.m. EST. The Los Angeles Times echoes Weintraub’s belief: Apple might be better able to weather tough economic times than other consumer electronics companies such as Sony and even Best Buy, the giant consumer electronics retailer. Trends that have worked in Apple’s favor—the popularity of the Mac with high school and college students, the push into the corporate world and the opening of Apple stores internationally—will probably continue even in a downturn. “They can’t continue to grow at the pace they have grown at, but they will continue to gain share,” said Andy Hargreaves of Pacific Crest Securities. It’ll be interesting to see how this current economy and drop in stock price affects the rumored October Apple event, and whether we finally see those cheaper MacBooks. Read [Computerworld and The Los Angeles Times] Full Story » | Written by Kirk Hiner for Appletell. | Comment on this Article »

ValuEngine upgrades Apple stock

Analysis and forecasting company ValuEngine has upgraded its status on Apple stock from Hold to Buy, according to its weekly bulletin. Company size, risk, and five-year annualized returns were cited as primary reasons for the change. Apple has been riding well on the success of its iPod and iPhone product lines, along with Macs, ValuEngine comments. The firm's models show a current fair market val...

Broadcom revenue, earnings beat estimates (Reuters)

Reuters - Broadcom Corp , which makes chips for mobile phones, network equipment and consumer electronics, said on Tuesday its quarterly profit and revenue beat expectations.