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Friday, December 28, 2012
Monday, December 17, 2012
iPhone $AAPL 5 sales in China surpass 2 million in first weekend
iPhone $AAPL 5 sales in China surpass 2 million in first weekend
Meanwhile, Morgan Stanley Says iPhone Demand Is Off The Charts $AAPL
Meanwhile, Morgan Stanley Says iPhone Demand Is Off The Charts $AAPL
Apple's stock has been crushed since the end of September when it closed above $700 for the first time ever.
Apple's stock has been crushed since the end of September when it closed above $700 for the first time ever.
On Friday it closed at $509.79, a new low in this slump.
As Apple's stock has fallen, analysts have slowly started dialing back expectations. Jefferies, UBS, and tonight, Citi,all cut their price targets on the stock.
All three are cutting for basically the same reason — Asian suppliers say Apple cut its orders for the iPhone 5 in the first quarter of the year. This suggests demand for the iPhoneis not fantastic, though it's probably still good. The other reason is that the iPad Mini is eating into sales of the full sized iPad.
Morgan Stanley analyst Katy Huberty is out with a note knocking down both of those theories. Here's the key takeaways from her note:
- There is "strong demand" for the iPhone 5."Importantly, a greater percentage of consumers plan to purchase the higher priced iPhone 5 as compared to iPhone 4S mix a year ago. As a result, we see potential upside to both our 50M unit (+35% Y/Y) and $642 (-4%) ASP assumptions in C4Q."
Thursday, December 13, 2012
Wednesday, December 12, 2012
Woman Tasered after trying to buy too many iPhones $AAPL
Woman Tasered after trying to buy too many iPhones $AAPL
"Normally, when you hear screams outside an Apple store, it's because, oh, the doors have opened and there's a new gizmo for the insatiable.
However, at the Apple store in the Pheasant Lane Mall in Nashua, N.H. on Tuesday, the screams were those of a 44-year-old Chinese woman being Tasered by police.
As WMUR-TV reports, Xiaojie Li, of Newton, N.H. says -- through her 12-year-old daughter's translation -- that she isn't proficient in English.
What seems clearer is that she tried to buy more iPhones than was the store's maximum of two. Li told WMUR-TV that they were for family members in China.
On Friday, she had bought two -- which would suggest her English had been good enough to make the purchases. On Tuesday, she came back to buy more.
Her daughter says that the Apple store asked her to leave, but her mother didn't understand."
Friday, December 7, 2012
Sunday, December 2, 2012
Saturday, December 1, 2012
Apple Says It Was Unaware of Samsung Jury Foreman’s Suit $AAPL #FAIL
Apple Says It Was Unaware of Samsung Jury Foreman’s Suit $AAPL #FAIL
Apple Inc. (AAPL) said it wasn’t aware during trial that the foreman of the jury that issued a $1.05 billion verdict against Samsung Electronics Co. was involved in a lawsuit with his former employer, Seagate Technology Inc.
Samsung asked Apple to disclose when it first learned about the litigation between the jury foreman, Velvin Hogan, and Seagate. Apple responded in a filing yesterday in federal court in San Jose, California.
Samsung is attempting to get the Aug. 24 verdict thrown out based on claims the trial was tainted by the foreman’s failure during jury selection to tell U.S. District Judge Lucy H. Koh, who presided over the case, that he filed for bankruptcy in 1993 and was sued by Seagate.
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