The “Apple is worth more than” meme has gotten plenty of play over the past year, but a new measure of Apple’s success emerged on Monday that is as simple as it is monumental: a single share of Apple stock now costs more than an iPad. As of the open of the market on Monday, Apple’s stock rose just above $499 the entry-level price of Apple’s iPad 2 undoubtedly on its way to $500 and beyond. The Cupertino-based firm that once teetered on the brink of bankruptcy and was saved in part by a $150 million investment from Microsoft is now worth more than Microsoft and Google combined. Read on for more.
Samsung on Friday reported record earnings for the fourth quarter last year. In line with the company’s estimates as reported earlier this month, Samsung recorded an operating profit of 5.3 trillion won, or approximately $4.72 billion USD, on sales of 47 trillion won, or approximately $42 billion USD. Samsung had never reported a profit of
Samsung hopes to sell 374 million phones next year, up 15% from the 325 million the company expects to have sold in 2011. The South Korea-based firm also said that it plans to sell 150 million smartphones in 2012, Korea Economic Daily said Tuesday. The vendor is well on its way to achieving its 2011 sales goal and announced in December that it had already sold 300 million devices. During the third quarter, Samsung became the top smartphone vendor in the world by shipment volume, surpassing Apple after shipping more than 27.9 million units during the quarter.
Apple could sell as many as 190 million iPhones next year according to a survey conducted by AlphaWise for Morgan Stanley. The survey results also suggested Apple will sell 31-36 million iPhone handsets this quarter, almost 30% more than estimates from other Wall Street analysts. That figure is also more than the 30 million iPhones Morgan Stanley’s chief Apple analyst Katy Huberty expects the company to sell during the fourth quarter. ”Surprisingly, US consumers expect to buy more iPhones in C1Q12 than C4Q11,” Huberty wrote in an email to clients on Wednesday, noting that the survey results suggest consumers could buy as many as 41 million iPhones during the first quarter next year. Huberty also suggested that Apple could sell 15 million more iPads should it decide to drop the price by $100, making the entry-level iPad 2 just $399. Morgan Stanley estimates Apple will sell 52 million iPads during 2012 but the results of the AlphaWise survey suggested consumers are ready to purchase as many as 81 million units, far above the Street’s consensus of 54 million units.
Amazon’s Kindle line was expected to be a popular option for holiday shoppers and the retailer confirmed as much on Thursday. Straying from its normally tight-lipped stance with regard to sharing sales volumes, Amazon announced that its Kindle Fire tablet and Kindle eReaders have sold more than 1 million combined units for three consecutive weeks. ”Kindle Fire is the most successful product we ve ever launched it s the bestselling product across all of Amazon for 11 straight weeks, we ve already sold millions of units, and we re building millions more to meet the high demand,” VP of Amazon’s Kindle business Dave Limp said in a statement. “In fact, demand is accelerating Kindle Fire sales increased week over week for each of the past three weeks. People are buying Kindle Fire because it’s a simple, fully-integrated service that makes it easy to do the things they love watch movies, read books and magazines, listen to music, download apps, play games, and surf the web.” Limp added that the Kindle family of eBook readers are close behind Kindle Fire on the Amazon.com bestseller list. The company’s full press release follows below.
Apple is on track to sell a record number of iPhone handsets in the December quarter thanks to the launch of its latest smartphone, the iPhone 4S. UBS analyst Maynard Um was one of a number of analysts in recent weeks to raise his estimates on iPhone sales for the fourth calendar quarter, and he
Research In Motion announced ahead of the trading day on Friday that it will miss its third fiscal quarter guidance when it reports its earnings later this month. The Waterloo, Ontario-based vendor confirmed that it will not meet the $5.3 billion to $5.6 billion in revenue it guided when reporting its second-quarter earnings, and it said EPS fell in the low to mid range of its forecast. RIM also said it will miss its full-year EPS estimate of between $5.25 to $6.00 a share. The company plans to book a one-time pre-tax charge of $485 million in the third quarter in order to write down the value of unsold BlackBerry PlayBook tablets, which has not been well-received by consumers or enterprise customers. RIM did say it shipped 14.1 million smartphones in the quarter, in line with its forecast, but it only sold 150,000 PlayBook tablets into retail sales channels compared to 500,000 units in the first quarter and 200,000 in the second. Shares of RIM stock dropped 5% in pre-market trading after being halted on the news. RIM’s full release follows below.
HTC cut its fourth-quarter guidance for the second time earlier this week, sending shares of the company’s stock to their lowest point in more than a year. The Taiwan-based smartphone vendor cut revenue estimates by roughly 23% for the fourth quarter as steep competition from Samsung, Apple and other companies will seemingly make HTC’s run at the top short-lived. But pent up demand for a new iPhone and Samsung’s ongoing charge are only half of the equation according to two Citigroup analysts. HTC’s weak fourth quarter is “driven more by inferior product than by macro reasons,” analysts Kevin Chang and Jonathan Gu wrote in a research note earlier this week according to Bloomberg. “We are most surprised by the lack of visibility and by how fast things deteriorate in the smartphone business.” Chang and Gu cut their price target on HTC stock to NT$463, dropping their earlier Buy rating to Neutral.
Apple is on track to become the No.1 PC vendor in the world next year according to new projections. Market research firm Canalys on Monday announced that it expects Apple to pass current top vendor Hewlett-Packard before the end of the first half in 2012. This estimate includes iPad sales however, while most firms omit tablets from their PC figures. Solid iPad sales propelled Apple into the No.2 spot last quarter according to Canalys, and it will overtake HP some time before July next year if sales continue to grow as expected. Read on for more.
Taiwan-based Asus has denied rumors that it is considering an exit from the tablet market next year. A recent report from industry watcher DigiTimes cited unnamed sources from within component suppliers in stating that several PC vendors such as HP, Dell and Asus might abandon tablets next year in light of the poor sales performance seen with most models. ”As usual, the rumors and reports from DigiTimes are incorrect,” Asus spokesman Gary Key told CNET on Friday. “ASUS is not exiting the Android Tablet business.” The Asus Eee Pad Transformer is among a handful of Android tablets that have been well received by consumers according to reports. Shipments of the convertible tablet were said to have surpassed 400,000 units per month during the summer, and the slate’s quad-core sequel is scheduled for release later this year.
Activision’s Call of Duty: Modern Warfare 3 has become the fastest-selling video game in history, crushing previous records set by earlier titles in the Call of Duty franchise. The game lab on Tuesday announced that week-one sales of Modern Warfare 3 totaled 12.3 million units, making it the biggest launch of all time and pulling
Apple iPhone 4S pre-orders in Hong Kong sold out within just 10 minutes, analyst Brian White with Ticonderoga Securities said Monday in a note to investors. Pre-orders began last Friday and the phone will officially land in stores this Friday. White estimates that the Chinese market will be key to Apple’s continued growth. The analyst
Despite a later-than-expected launch and a handset that that is physically almost the same as its predecessor, demand for Apple’s iPhone 4S smartphone is reportedly outpacing supply. In a research note on Monday, Robert W. Baird & Co. analyst William Power wrote that numerous Best Buy retail stores around the country are sold of iPhone 4S handsets. While preliminary supply volumes at the nationwide retail giant are unknown, Power calls Best Buy stock-outs a litmus test for iPhone sales performance across all U.S. retailers. Read on for more.
HTC on Monday reported a record third quarter that saw profit grow 68% on shipments of 13.2 million handsets, up 93% from the same quarter last year. Revenue grew 79% year-over-year to NT$135.82 billion and profit grew to NT$18.68 billion, or NT$22.07 per share. HTC has shown six consecutive quarters of revenue growth. The average selling price of HTC’s smartphones grew 0.6% from the third quarter last year to $344. “We aim to lead the way as the smartphone market continues to expand and change rapidly,” said HTC CEO Peter Chou in a statement. “We pride ourselves on anticipating market and consumer needs and addressing them before they are realized. We are growing rapidly and responsibly around the globe and continue to expand our leadership in new areas, such as LTE.” The company issued soft fourth-quarter guidance with revenue expectations of NT$125 billion to NT$135 billion and handset shipments in the 12 million to 13 million unit range. HTC’s full press release follows below.
Apple on Tuesday reported its earnings for the fourth fiscal quarter of 2011. Wall Street was expecting revenue of $29.5 billion and earnings of $7.29 per share. The company delivered revenue of $28.27 billion and earnings of $7.05 per share. Apple sold 17.1 million iPhones, 11.1 million iPads, and 4.89 million Macs. While this was Apple’s biggest September quarter ever, the company still missed on most Wall Street estimates. During the third fiscal quarter this year, Apple recorded revenue of $28.57 billion on sales of 20.34 million iPhones, 9.25 million iPads, and 3.95 million Macs into channels. Apple’s full press release is after the break.
Apple has just announced that company moved over 4 million iPhone 4S handsets opening weekend, an incredible number. Additionally, Apple says that over 25 million customers are already using iOS 5, and over 20 million have signed up for iCloud. Apple is planning on launching the iPhone 4S in more than 90 countries by the
As Nokia fights to regain its footing, the company recently abandoned Symbian and MeeGo to instead adopt Windows Phone in an effort to stabilize its declining smartphone business. But that move only addresses half of Nokia’s problem. A firm position in the big-margin smartphone market will be paramount to the vendor’s success moving forward, but the market for low-cost devices is still massive. Just as Nokia’s smartphone sales have spiraled downward in recent quarters, Nokia’s feature phone business been in sharp decline as well. Nokia took drastic measures in an effort to turn its smart device business around, and it now appears as though the Finnish phone maker also has big plans for its low-end phones. Read on for more.
People are disappointed. What else can I say? With all of the hype, and even our own reporting, Apple should have released a real iPhone 5. But it didn’t, and the fact that Apple is releasing the same exact model with internal upgrades is upsetting to a lot of people. You know what, though? The overwhelming majority of people probably couldn’t care less.
Research In Motion on Thursday reported its earnings results for the fiscal second quarter. Revenue and EPS both missed estimates; the vendor reported revenue of $4.17 billion and earnings of $0.80 per share. RIM had previously forecast revenue of between $4.2 billion and $4.5 billion and earnings of between $0.75 and $1.05 per share for its August quarter, and Wall Street expected second-quarter revenue of $4.47 billion and EPS of $0.88. Net income in the second quarter totalled $329 million. RIM also had projected handset shipments to reach between 11 and 12.5 million units, but missed there as well the company shipped only 10.6 million BlackBerry phones in its August quarter. RIM still managed to push its subscriber base past 70 million for the first time, up 40% year-over-year. As for RIM’s QNX tablet, PlayBook shipments fell well below expectations; the company only shipped 200,000 units during the device’s first full quarter of availability, less than half of analysts’ expectations (700,000). RIM shipped 500,000 PlayBooks in its previous quarter. The company’s stock fell 11% immediately following its report. Full press release after the break. RIM’s full press release follows below.
Apple and Samsung are at odds over patents. You might have read about it. In numerous courts, in numerous states, in numerous countries on numerous continents, the pair continue to file complaint after complaint. Apple says Samsung builds copycat devices that steal design elements from its iPad tablet and iPhone smartphone. Samsung says Apple’s mobile devices violate multiple Samsung patents covering communications standards. And round and round we go. Read on for more.