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2011年8月7日星期日

Needham & Co. raises price target for AAPL

The stock market has been tanking all week, but that's not keeping financial firm Needham & Co. from being bullish on Apple. The company raised its price target for AAPL from US$450 to $540.

So why the big jump? Needham's Charlie Wolf notes that the firm adjusted how it values Apple's different businesses and product lines. The iPad, for example, is now estimated to contribute about 12.2 percent to the value of Apple stock. That's up from the previous estimate, based on a new assumption that the iPad will continue to capture a larger share of the tablet market that Needham initially thought.

The Mac is also adding to the party, thanks in part to a halo effect from the iPad. As more buyers become entranced with the iPad, they're more likely to purchase Macs in the future. The Mac product line is now valued at about 11.8 percent of AAPL's value. Likewise, iTunes has been bumped in importance as a contributing factor to the stock price (now 5.1 percent) thanks to the growth of the App Store.

The biggest contributor? The iPhone, which provides almost 49.2 percent of the value of each share of Apple stock or about $266. That's also seen as a risk factor, since even a small decrease in growth of iPhone sales could have a huge impact on Apple stock price.

Last but not least, Apple's cash hoard adds to the stock price value, contributing about 14.8 percent of the value. However you look at Apple, the company's performance in troubled financial times has so far been nothing less than stellar.

Needham & Co. raises price target for AAPL originally appeared on TUAW - The Unofficial Apple Weblog on Fri, 05 Aug 2011 12:00:00 EST. Please see our terms for use of feeds.

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2011年7月19日星期二

AAPL hits all-time record high

Perhaps because of optimistic analysis going into tomorrow's conference call, Apple's stock price has hit an all-time high today. While the Dow Jones average was down overall, AAPL rose $6 at one point, hitting $371.06 as a high. That's huge -- bigger a stock price than it's ever been before.

Analysts say that there are a few factors here, with the big expected earnings only one of them. The HTC patent ruling was another big piece of good news to Apple's investors, and a lot of Apple's moves in general have really been turning out well lately, from the integration of iOS subscriptions and Apple's deals with both media providers and developers, to more recent innovations like iCloud and the new versions of iOS and OS X coming soon.

In short, Apple's hitting its stride in a whole new way, and there's still a lot of room to grow yet.

Note: Past performance is never an indication of future stock prices. This post should not be considered sound financial advice.

AAPL hits all-time record high originally appeared on TUAW - The Unofficial Apple Weblog on Mon, 18 Jul 2011 22:01:00 EST. Please see our terms for use of feeds.

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2011年6月6日星期一

WWDC 2011 Metaliveblog

Welcome to TUAW's coverage of the 2011 Worldwide Developers Conference keynote address.

12:54.

12:53 ONE. MORE. THING. (A small thing.)

12:52. Developer build of iCloud TODAY. iCloud ships with iOS "this fall". Sync devices over Wi-Fi or Cable

12:50. All music is 256 kbps AAC, can have up to 10 devices, downloading to all. Sande: "Music ripped from CDs? Doesn't sync. You're [censored-for-family-reading]" Pardon his French. Mike J: "What about non-DRM music downloaded from Amazon and others? Or self-recorded music?" Kelly G: "Shut the front door! I think Apple actually talked to someone who, you know, USES the music features of their iThing?" 10 means it can be a family account: 4 people each with a computer and an iOS device apiece, and an Apple TV. Kelly H: "Now Erica can stream all the Bieber her kids buy on their iPods. Truly it's a great time to be alive."

12:48. iPod app is gone in iOS 5, there are separate music and video apps. TUAW factcheck: If anyone has paid attention on the iPod touch, this is always how it was done but under the hood there's really only one app. ThisIsMyNext: Yes, you can see the full list of Ke$ha songs you drunkenly purchased. I'm looking at you, Nilay Patel. Kelly G: "I know they're moving away from requiring iTunes...is this a long-term plan to make people need it less so they can FINALLY rebuild it?"

12:46. iTunes on iCloud. For already purchased tunes, there's now a Purchased button. Download any song or album by pushing the cloud button.You "flick a switch to turn it on" and then when you buy a song, it'll push to all devices

12:45. Mike R: " A paper airplane with a floppy disk taped to it makes MobileMe look like amateur hour."

12:44 @dylan20 I think Apple is teaching developers a valuable lesson: Do something well enough, and eventually Apple will bake it into the OS. #wwdc

12:43 @gcamp: iOS 5 : Delete your 3rd party apps[TM] @thisisdavid Apple "Thank you app developers for showing us what people want. You were so good we've integrated it all making you obsolete."

11:41. 1000 on iOS devices, unlimited on Macs and PCs, 30 days in the cloud. Demo time with Eddy Cue VP Internet Services

11:38. Photo Stream, bringing the cloud to photos. Photos sync between all devices. Snap on one unit, it's shared to all. Take any photo anywhere, push to other devices. Sande: "arriers are going to love seeing the huge amount of data we're going to use! Y'know, we need worldwide free Wi-Fi now, Mr. Jobs." Built into Apple TV too! Forgive me, but that is just freaking awesome. Jobs: Apple wil store the last 1000 photos you've taken in the cloud. If you want to keep something permanently, just move it into an album. On the Mac or PC, all are stored permanently.

11:37. From Dustin Curtis on Twitter: Apple just pissed off: Dropbox, Sparrow, Instapaper, Readability, Remember the Milk, Facebook, RIM, & the carriers. Well done.

11:36. It's what we've been saying on TUAW for a while: it's about the data, not the device. Apple is releasing iCloud Storage APIs. As a developer, I say w00t! iCloud works on all iOS devices, plus OS X plus Windows.

11:35 iCloud.com now redirects to Apple's site. Jobs: Documents in the cloud completes the iOS document storage story. Dan Moren: A lot of them have been working for 10 years to get rid of the filesystem. When you try to teach someone how to use the Mac, the difficulty of the filesystem is still staggering.

11:31. Backups to the cloud. Automatic data backups to iCloud over Wi-Fi. Pages, Numbers, and Keynote in the Cloud. Kelly G: "How much space are you giving me for that? Is this a Dropbox price model? X for free and X + more = $$ ?" Jobs is demoing Keynote on his iPad. Mike J: "Going to need some hardware upgrades to take on the additional battery life that OTA syncing is going to bring with it." He then moves to iPhone -- shows where he left off in his document. Remembers each slide, where you are in a document, between devices

11:28. Sande: "MOBILE ME IS DEAD LONG LIVE MOBILE ME. LONG LIVE MOBILE FREE!" Jobs: "These are the 3 apps that form the core of MobileMe. We used to sell them for $99. As of today this product ceases to exist. It's now free."

11:26. Update, store in cloud, synced to all other devices. Contacts and Calendar sharing, too : Dan Moren: Mail was in the best shape of all, but now it's even better. Give you mail account @me.com, new messages pushed to all devices. Inbox and folders up-to-date on all devices. "And no ads." Chris W: "At least they aren't changing to @icloud.com, if we had to see @mac and @me everywhere Apple forgot to 'find and replace' I'd be rather annoyed"

11:26. Mike R: "There is a whole lot of Sherlocking going on - third-party devs in several categories just watched their revenues disappear" Kelly: "If'n you're real quiet you can hear a TON of revenue streams vanishing. How are those guys gonna afford WWDC 2012?" Caolo: "Apple is killing exchange servers, & Blackberry Messenger in one fell swoop with iMessages and iCloud. So great."

11:23. "We've got a great solution for this problem. And we think this solution is our next big insight. We're going to demote the PC/Mac to be just another device. Cloud is more than a hard drive in the sky. We call it iCloud" Kelly G "Updated Airport Express/Extreme will make this a LOT easier to manage." Dan Moren: "You might ask: why should I believe them? They're the ones that brought me MobileMe." Us: hah! Dan Moren: "It wasn't our finest hour." Kelly: "It wasn't our finest hour? Come on Steve, say Waterloo. SAY IT!" Ars: "[iCloud] just works. We've thrown them away, re-architected them and wrote them from the ground up to be iCloud apps"

11:22. AAPL -1.74 (-0.51%)

11:21. Jobs is out to talk iCloud. Jobs is talking about the Digital Hub strategy of 2000, it worked for 10 years, broken down now because devices have changed. "If I acquire a song on my iPhone, I want to get it on other devices" Ars: demoting the PC and the Mac to just be a "device" just like iPhone, iPad, iPod touch.

11:20. Typing shortcuts -- bye bye Textexpander. Along with Beejive and Instapaper. Kelly G. "Not just "legit" devs, but jailbreakers too. RIP BossPrefs" Chris W: "Yeah, lots off jailbreak devs. In fact, a lot of people won't even Jailbreak after this". Me: There will always be a command line. Kelly G: "If I get BossPrefs legitimately now, I'll quit jailbreaking. In iOS 3 I did it for folders and BossPrefs. Now I just do it for BossPrefs."

11:18. AirPlay! Mirroring to TV! Woot! Lots of other features too. Flying across the screen. iOS 5 available to devs today, ship "this fall". Supports same as last update: iPhone 3GS, iPhone 4, iPad, iPad 2, third- and fourth-generation iPod touch.

11:18. That's the top ten iOS 5 features.

11:15. Messages are pushed to all devices. Start a conversation on one device, you can pick it up on another. Sande: "This is really a replacement for SMS" Engadget: " Tapping on the notification brings you right to the new messaging interface. While responding, the iPad user gets a notification that the iPhone user is typing away." Built using push notifications.

11:13. #10 iMessage: Messaging for all iOS customers. Looks like the SMS icon but now with more messaging support. Works over 3G and Wi-Fi. Sande: Carriers are going to be upset, can't sell text messaging anymore...

11:10. #9 Game Center. Your profiles can now use images. Purchase and download games directly in Game Center. Support for turn-based games like Scrabble built-in. Again, this is a great new arena for developers to use this technology to build fun new apps.

11:07. #8 PC FREE OPERATIONS! Finally. No need to have a computer to own and love your iDevice. Chris W: "Incoming PC fanatics claiming they stole that from Microsoft's Windows 8 news" Welcome to the post-PC World. Apple is selling devices to many customers without household computers. New welcome setup image. Setup and activation done on-device. Chris W: "If it isn't optional it's the most deft anti-jailbreak move they could have made" Incremental over-the-air-app updates. Take that TomTom and Navigon, with your 1.5GB app installs. (not kidding).

11:04. Time for demo. Looks like Mail improvements are rocking. Adding: built-in dictionary from iBooks to entire OS. Split keyboard.

11:03.#7 Mail: Dan Moren: Making it even better in iOS 5, with rich text formatting (bold, italics, underline). Control the indentation with decrease/increase. Drag the address between two fields. Added support for flagging. Indentation control has been added. More support for Enterprise customers. Added support for S/MIME. If you have a certificate for someone else, you get a lock icon in addressing field, to show you it'll be encrypted. Swipe to add an inbox.

11:01. #6 Camera. Jobs praises the iPhone onboard camera. There are various sniggering comments from around the blogosphere. We'll spare you the specifics. #6 Lock Screen Camera. Volume-up to take pictures now -- and you won't even get thrown out of App Store. Dan Moren: Built-in editing of photos. Crop, rotate, automatic red-eye reduction. And even one-click enhance from iPhoto.

10:59. Reminders allows you to keep multiple lists, dates. Gets rid of "those scraps of paper you keep reminders on". Finally Apple adds a "nagomatica"[tm me] feature. Our Mike J is Unhappy. He has a reminder app that he's been prepping for the App Store. "But, the door is still open for 3rd party developers to make better alternatives."

10:59. AAPL currently 340.19 (-3.25)

10:58. #5 Reminders. Dan Moren: (Low undercurrent of murmurings. That's a lot of people who make reminder apps, I'm guessing.)

10:57. Mike J: "Safari Reader for iOS: Doing in 2011 what Instapaper has been doing since the dawn of the App Store."

10:57. iOS dev center is DOWN.

10:54. #4 Safari. iOS version of Safari reader, which brings article into one page and lets you email content of an article. Reading List lets you save a story for later. Tabbed browsing.

10:52. More than 1 billion tweets a week. More than 1,000,00 failwhales per week. (I made that last one up.) Single sign-on through settings. Twitter is fully integrated. You don't need to log-in for each app. This is going to be awesome for developers. It's pre-integrated with Cameras and Photos. Take a picture and tweet it. Optional locations, count downs, and thumbnail. We've been waiting for Photo countdowns for a long time now.

10:51 #3: Twitter. Interestingly, these features so far have almost no impact on developer APIs -- just saying.

10:49 #2: Newstand. It's iBooks with magazines. (We totally called this.) "Most of the major publishers" for magazines and newspapers have signed up for subscriptions. Engadget: "When you purchase them they're automatically downloaded and placed on the Newsstand. It's integrated with the home screen, looks like, well, a newspaper stand." It supports downloads in the background, looks like a news rack.

10:47. The menu offers missed calls, voicemails, text message, push notifications from App Store. Jason Snell: Notification pop-down is reminiscent of the UI in Game Center where you make an accomplishment and get a badge. It slides down. Dan Moren: Scott swipes a finger across a text message and it jumps him right down to the Messages app, and that text. All of his messages, with unread markers, scoring alerts. Chris White: "Looks like they mixed NotifyApp with the Teehan+Lax concept"

10:46. Once again, we're seeing jailbreak features go big time. This is just like Mark "Big Boss"'s sweet Springboard hack.

10:45. More than 200 new features. Here are 10. #1: Notifications. Audio, badges, alerts. Massively popular feature. Pushed more than 100 billion notifications to date. It has scaled "beautifully". Customers want better UI. A single place to combine all your notifications -- get to it any time, anywhere by swiping from the menu on the top of the screen. They've also added stocks and weather up there.

10:44. iOS 5. Yays!

10:41. Apple is the number one retailer of music in the world. App Store has more than 425,000 apps, 90,000 specifically for iPad. Customers downloaded more than 14 billion apps. In under 3 years. Paid out over $2.5 Billion to developers. More than 225 million customer accounts most with credit cards and one-click purchasing.

10:41. AAPL -2.64 (-0.77%)

10:40. Dan Moren: In the first 14 months, they've already sold more than 25 million iPads. That makes iOS the number one mobile operating system, with more than 44% of the mobile installed base. (Sourced from comScore.)

MOVING ONTO iOS COVERAGE: Scott Forstall

10:39. Dev Preview available today.

10:36.Windows Migration assistant eases your migration *from* windows *to* Lion. FaceTime is built into Lion. Lion will be available only in the Mac App Store. 4GB download, installs in-place. Works on all authorized Macs. $29. July.

10:31.#10 Mail: Looks like brushed metal is the new cool kid on the block. Not sure I'm really fond of the look. Sande: "Interesting - this may convert me back to Mail.app from Sparrow". Dan Moren: Lion has a brand new conversation view, that shows you the entire thread that you can just scroll through, with attachments, and everything. Ars: "beautiful view" that shows the conversations just as they were sent. As for me, I'm still disappointed that I can't keep using Eudora 6 in Rosetta on Lion.

10:30. #9 Airdrop: Peer-to-peer Wi-Fi based networking. AirDrop is in the sources in the Finder. Get a display of yourself and the people around you running AirDrop at the same time. Allows ad-hoc file sharing. Jason Snell: "Now Phil Schiller and Lion are here to kill sneakernet again. AirDrop is quick, ad hoc file transfer system, without setting up sharing systems and stuff, or going through IM." Recipient authorizes download. Stored to ~/Downloads.

10:30. AAPL -1.25 (-0.36%)

10:28. He demonstrates what happens when he quits -- "absolutely nothing". No prompts to save, no queries. When Pages re-launches, it brings back the entire window set including inspectors, window positioning, etc. Even insertion point and selection are remembered. It's full restoration of your session.

10:23. Autosave leads to... #8 Versions. Version control for your app. Bringing version control for "the rest of us". That's awesome. Sincerely awesome. You can make any version the current one, even copy and paste between them. It's Time Machine for documents, with a similar UI. Craig is demoing windows and palettes in Pages to show editing. He's changing fonts, dragging images around, etc.

10:20. #5 Launchpad. #6 Resume. #7 Autosave. Resume: Launch an app in Lion, it remembers what you were doing and where you were. The name of your document is now a menu now. Click on it and you can revert to last opened to get back to where you were. Dan Moren: You can Lock a file to prevent it from being auto-saved again (like a template). You can duplicate it right in the app.

10:20. New incremental updates mean you won't have to re-download the entire application at a time when you have to update, so updates should be much faster. Jason Snell: Sandboxing is interesting... that's a security approach. Will be interesting to see how secure it is and if it becomes a meme that App Store apps are safer than non-App Store apps.

10:20. AAPL +0.06 (0.02%). The Apple Online Store is still up.

10:17. Next up is #4 Mac App Store. In the last 6 months, it's become the #1 PC software channel for buying software, beating out Best Buy, Walmart, Office Depot -- Schiller. Autodesk Sketchbook Pro has seen 1 million new MAS users on OS X. Feral doubled its revenue since MAS. Pixelmator has quadrupled its revenue.

10:16. The multitouch gestures we're seeing is really amazing stuff -- although not all of us are ready to say RIP to the mouse. Dan Moren: Multiple desktops integrated. Click at the top right to create a new desktop, and you can even drag the windows right to them.

10:15. Jason Snell: "Face detection effects [in iPhoto] are pretty cool. My kids are going to waste dozens of hours on that." Snell adds that Jobs (sadly) looks poorly, commenting that this may be his last keynote.

10:11 #3 is Mission Control: essentially Dashboard, Exposé and Spaces rolled into one. Demoing... Sande: "Most of this is familiar to anyone who has been playing with the Lion Developer Preview but it's still exciting stuff".

10:09 #2 is Full Screen Apps. Apple worked with its system apps to allow them to convert to full screen. Fullscreen demos includes Safari (with reading list), iCal, iPhoto, Preview. Swipe to see your entire Safari browsing history. Demonstrating swiping back and forth between full-screen Safari and iPhoto using gestures. Caolo: "RIP scroll bars" Exit fullscreen, just tap a screen in the top right.

10:07 10 new features. #1 is multitouch gestures including tap-to-zoom, pinching, two-finger swipes with (Engadget) "incredible, physical realism that has never been possible in a PC operating system before." Lion can do momentum based scrolling (""The page feels alive beneath your fingers.""), multitouch taps, pinch to zoom. "Why do we have scroll bars?" The scroll bars disappear, magically appearing only when you scroll. This is quite similar to what happens on iOS already.

10:04 Today's topics are Lion, iOS 5, and "interesting new cloud stuff". Let's start with Lion, Phil Schiller and Craig Federighi will start with Lion demos. Jacqui Cheng: "He's trying to pull a Ballmer". Mac sales are 73% notebooks, 27% desktops. Mac OS X is the heart of the Mac. Built on Unix, with ease of use and simplicity.

10:03. Macworld: Dan Moren: "Over 5200 attendees. Sold out within two hours. This is the biggest place they can get. Sorry for all those that couldn't make it and we wish we could sell more tickets, but we don't know where to have it."

10:01. Steve Jobs takes the stage. He's met with a standing ovation. Engadget: "We've got an awesome morning together, this morning. Thank you for coming so much." Macworld: Dan Moren: Someone shouted "I love you!" TUAW waits with breathless anticipation for what's about to be revealed.

10:00. James Brown. "I feel good". The lights are dimming.

9:57 Everyone being told to switch off their devices. Things are ready to roll. Macworld Dan Moren: "Ladies and gentlemen, the presentation will begin shortly." There are some MacBooks on-stage for demonstrations. We are not expecting any livestreaming of the actual event. Engadget says Apple will not allow any broadcasting of the keynote.

9:55 Caolo: "This is really where we can use Crow, Cambot, and Gypsy" WWDC 3000!

9:51 Rescue Me is playing Who Cares. The Apple store is still up, making us wonder if we'll be seeing new products today. AAPL is trading at 344.18 up 80 cents.

9:50 We'll be starting at the top of the hour, with updates appearing towards the top of the page. Please keep reloading for the latest changes.

9:45 The press has assembled, the developers have entered the room, and somewhere behind the curtain there is Steve Jobs and a whole lot of Apple magic waiting to happen.

WWDC 2011 Metaliveblog originally appeared on TUAW - The Unofficial Apple Weblog on Mon, 06 Jun 2011 12:46:00 EST. Please see our terms for use of feeds.

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2011年4月10日星期日

Two years after Fred Wilson dumped AAPL...

We all make predictions that don't turn out as planned. For example, this morning I said I'd have a few beers, enjoy a barbeque in the sun with friends and perhaps go to the cinema tonight. Turns out I have two daughters under the age of 3, so there went my day. But at least I'm not kicking myself like Fred Wilson must be.

Wilson is the the venture capitalist managing partner of Union Square Ventures who, two years ago, famously announced that he was selling all his shares in Apple because he didn't believe the company was "being straight with investors" over Steve Jobs's health. "My average price on my entire position in Apple is US$96, so I'll take a small loss on this and a small gain on the stock I bought during the meltdown last fall."

He sold at $91.36 -- and at close yesterday Apple shares were at $338.08, up $246.72 or 270%. He sold Google at the same time but announced a short time later he was buying back into the search giant. See the chart above for how that one worked out for him.

Maybe he only had one share in Apple (although $246.72 would go nearly halfway towards a new iPad 2), maybe he's happy with that 50%-plus gain in Google's value. Or maybe he's still kicking himself now. Me, I think we'll have that barbeque tomorrow.

[Via Daring Fireball]

Two years after Fred Wilson dumped AAPL... originally appeared on TUAW on Sat, 09 Apr 2011 16:30:00 EST. Please see our terms for use of feeds.

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2011年3月12日星期六

Apple could sell 600,000 iPad 2s in three days

When the original iPad debuted a little less than a year ago, Apple sold a whopping 300,000 in 24 hours. With the release of the iPad 2 later today, analysts are estimating that Apple could sell as many as 600,000 units in only three days. Given the hype behind the iPad 2, not to mention the extremely positive reviews, and the fact that both the Wi-Fi and 3G models will be available on the same day this year, 600,000 units this weekend doesn't seem like an unreasonable estimate.

As Bloomberg points out, the first iPad was the fastest-selling technology product in history, measured by revenue -- and that was when not many people knew they needed a tablet. For those of you keeping track, however, the iPad is not the fastest-selling consumer electronics device in history, measured by unit volume. That award goes to Microsoft's Xbox Kinect, which sold 8 million units in its first 60 days on the market. Even with tablets reaching a tipping point this year -- and the iPad now a household name -- it's unlikely that Apple could sell 133,001 iPad 2s a day for the first 60 days, which is what it would take to dethrone the Kinect. However, if Apple does pull that off, you'll want to stock up on AAPL right now.

Apple could sell 600,000 iPad 2s in three days originally appeared on TUAW on Fri, 11 Mar 2011 07:00:00 EST. Please see our terms for use of feeds.

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2011年2月8日星期二

AAPL hits another all time high

Once again, Apple stock (AAPL) has hit a new intra-day high and this time it's a really good one. This is the first time Apple has broken into the lofty US $350's. Things are moving quickly but when I started this post, AAPL was up 6.66 points to $353.17 on moderately high volume of about ten million shares, and no one knows where it will wind up for the day. Although the market is having quite a good day, this would indicate to me that much of the bad news and emotion has been filtered out based on the medical leave of Steve Jobs. It might also have something to do with the first delivery of the Verizon iPhone 4.

In other news, Philip Elmer-Dewitt of Fortune's Apple 2.0 has noted that Susquehanna has upped its target price for AAPL to $465. There seems to be a bandwagon mentality that analysts are jumping onto. He goes on to say that Charles Wolf of the Needem Funds raised his estimate to $450, a jump of $75. Meanwhile, Brian White of Ticonderoga kept firm on his price target of $550. This is most likely based on AAPL breaking out of a trading range with support at $326 and resistance at $345.60 causing everyone to reshuffle their estimates.


[via TradersHuddle.com]

AAPL hits another all time high originally appeared on TUAW on Mon, 07 Feb 2011 14:00:00 EST. Please see our terms for use of feeds.

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2010年12月13日星期一

Goldman Sachs resumes Apple coverage, targets AAPL at $430

Investing firm Goldman Sachs has decided to start covering Apple's stock profile, and that news sent the AAPL stock price up to $325.06 this morning, a nice boost from the day before. And that's not all -- not only did Goldman Sachs pull AAPL into its reporting fold, but it was about as bullish as you can get on a stock, saying through a spokesman that "we believe significant growth and profit opportunities for this platform still lie ahead." The company had been covering Apple previously, but when that special analyst left the firm, it took them a while to find a replacement. But it looks like they've found someone else they feel qualified to make a prediction.

The company predicts a $430 price target for AAPL, so if any of you happen to fall into some money over this coming holiday, you'll now know just where to put it (Note: this is not actual financial advice, obviously, and there's no guarantee of success in the stock market). Apple seems to be the success story that keeps on growing -- AAPL has hit a few all-time highs in 2010, and the forecast is pretty sunny all the way around.

Goldman Sachs resumes Apple coverage, targets AAPL at $430 originally appeared on TUAW on Mon, 13 Dec 2010 16:00:00 EST. Please see our terms for use of feeds.

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2010年11月20日星期六

iPhone as a company worth more than all but 10 companies in the world

Once a company's worth gets into the stratospheric range that Apple now inhabits, financial analysts start to play with the numbers and find all sorts of fascinating things. Stock analysis firm Trefis looked at Apple's product mix and estimated that the iPhone line accounts for about 53.5% of Apple's stock value. By comparison, the Mac weighs in at a paltry 18.3%.

Next, Trefis assigned a price estimate of $418 a share to AAPL, which is about 40% ahead of the current stock price but well within estimates from a number of Wall Street analysts. Applying these assumptions -- and they're rather big assumptions -- the iPhone would account for $209 billion of the estimated $391 billion value for Apple.

$209 billion... That puts just the iPhone product line at Apple ahead of consumer giants like Coca-Cola ($138 billion), tech heavyweight Google ($204 billion), and any of the pharmaceutical firms, led by Johnson & Johnson ($173 billion). iPhone, Inc. is also worth more than any of the world's automobile manufacturers, with Toyota ($119 billion) leading the pack, and all but Walmart ($243 billion) in the retail business. The iPhone biz is also bigger than any telecom firm with the exception of one -- AT&T at $224 billion.

In this perfect world, Apple is the most highly valued company, followed by Exxon Mobile ($349 billion), three Chinese companies, BHP (mining, $236 billion), IBM, Microsoft, and Proctor & Gamble ($243 billion). Of course, this type of conjecture is based on all sorts of assumptions, but it sure is fun to see.

[via Fortune Tech]

iPhone as a company worth more than all but 10 companies in the world originally appeared on TUAW on Fri, 19 Nov 2010 11:45:00 EST. Please see our terms for use of feeds.

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2010年10月31日星期日

Piper Jaffray raises Apple price target to $429


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Piper Jaffray raises Apple price target to $429

Piper Jaffray has raised the price target on shares of AAPL to US$429 following yesterday's financial report from Apple. The company posted its first $20 billion quarter, beating expected earnings.



In addition, Piper Jaffray raised FY11 revenue growth rate from 24% to 32%. In a note to clients issued today, Jaffray said, "While shares of Apple may pull back today (10/19), we would be buyers based on our belief that investors will gain optimism over the next three months that the growth story will continue."



Indeed there was a bit of a pullback, as AAPL dropped 5.6% in after-hours trading on Monday. The stock fell to $299.70, down $18.30 (-5.75%), within two hours of yesterday's announcements. The drop was blamed on iPad sales of 4.1 million; more were expected.



For more Apple financial news, look here.

Piper Jaffray raises Apple price target to $429 originally appeared on TUAW on Tue, 19 Oct 2010 12:00:00 EST. Please see our terms for use of feeds.

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2010年5月16日星期日

下一代iPhone材料成本可能達170美元

知名拆解公司UBM TechInsights 分析報告指出,下一帶的 Apple (蘋果) (AAPL-US) iPhone 內部材料成本可能界於 169美元至 175 美元之間,較目前 iPhone 3GS 156美元的成本提高許多。

分析報告提醒,此為推測數據,係由聲稱為下一代iPhone的網路照片和影視中推測出來的數據。這些影像看起來不像偽造的圖片,但迄今尚未獲得獨立 驗證其真實性。

蘋果並未發表iPhone計畫的相關評論,但市場普遍預期蘋果 6 月將會推出新產品。

此材料清單數據係依據目前和未來使用 16 G記憶體的手機估算而得,若為 64G記憶體的新一代iPhone,其材料成本可能高達 250 美元。

市場觀察者表示,搭載 Google (GOOG-US) Android作業系統的智慧型手機與現今的 iPhone競爭成功,也因此蘋果下一代手機可能會採用一些功能。UBM TechInsights 資深分析師 Jeffrey Brown 指出,在目前的環境中,蘋果可能被迫抬高成本才能公平競爭。

UBM TechInsights 隸屬於聯合企業媒體 (UBM),UBM為《EE Times》出版商。

Brown與其同事估計,下一代iPhone內建A4處理器,成本 16%,約較目前 iPhone 3GS應用處理器的成本高出約 3美元。近來的網路照片顯示,所謂的下一代iPhone手機運用了一顆 A4晶片。

展示器升級要價約 9 美元,是大幅提高新一代iPhone材料成本的一大原因,照片顯示新一代iPhone搭載 3.5”螢幕,720 x 480像素。部分消息指出,蘋果可能會將下一代手機稱為 iPhone HD,因為此款手飢可支援 720p的影片。

此外,新功能還有 500 萬像素的自動對焦相機和錄影機,分別增加 4 美元和 2 美元的成本。

Carey 表示:「倘若螢幕的解析度估計錯誤,或外殼沒有像預測那樣時髦,你可能就能砍掉 20 美元左右,但坦白說,這估計成本大部分仍要看蘋果花在 NAND快閃記憶體上的成本。」

Carey 表示,快閃記憶體的價格非常波動,也很難確切推測出蘋果以多少產量協議出怎樣的價格。他估計下一代iPhone外殼混合利用高品質的金屬和陶瓷,其成本約 20美元,而螢幕成本約 25美元。