Yet somehow you just know Apple’s stock is going to tank…

Well, Apple just posted record profits once again, and you know what that means - Apple’s stock will tank tomorrow for no reason. As an Apple stockholder, I have noticed that nothing brings down Apple’s stock faster than good news. Oh well, see if you can see anything here for Wall Street to bitch about… Apple [...]SHARETHIS.addEntry({ title: "Yet somehow you just know Apple’s stock is going to tank…", url: "http://macenstein.com/default/archives/1305" });

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...]]>

Apple 2Q profit jumps 36 percent, but stock wobbles (AP)

AP - Apple Inc.'s fiscal second-quarter profit jumped 36 percent on blistering sales of Macintosh computers — and beat Wall Street estimates — but its stock dipped on a lower-than-expected profit forecast.

Apple 2Q profit, sales beat Wall Street, but stock wobbles on guidance below estimates

Apple Inc.'s fiscal second-quarter profit jumped 36 percent on blistering sales of Macintosh computers — and beat Wall Street estimates — but its stock dipped on a lower-than-expected profit forecast.

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 »

AT&T iPhone numbers cause AAPL shares to drop

Section: Apple, Apple News, iPhone + Communications, Carriers, iPhoneApple shares fell about 4% after AT&T’s first quarter earnings report despite rising for the two days beforehand.  Investors were expecting huge iPhone sales for AT&T to help Apple reach it’s 10 million iPhone’s sold goal.  However, AT&T announced that it has only received 1.3 million new net subscribers across all of its devices which means not as many iPhones were sold as expected.  Still, TechCrunch points out that many iPhone’s have been sold internationally and then unlocked (around 30%), meaning that Apple could have sold more phones that AT&T’s numbers show.  From the call: iPhone continues to be very popular with customers, feedback is very good. ARPUs are in the mid to upper 90s across the base. We continue to see customers adopting iPhone. Over 40% are new to us. Nothing really new in trends there. Continued, solid growth All of these numbers and reports are, obviously, before the announcement of a 3G iPhone.  This device is expected to increase sales by a huge amount due to the high anticipation and demand.  However, even before this announcement, AT&T has reported a 22% profit increase, so the iPhone must be doing something right for them.  What do you think of all this?  How close is Apple to 10 million devices? Full Story » | Written by Josh Holat for Appletell. | Comment on this Article »