AAPL Up In Mixed Market
Payroll report from ADP indicated that private employers added less jobs than economists were anticipating. As such, the markets are mixed in early trading. Shares of AAPL started the session down, but have roared back, adding 30 basis points. Upcoming catalysts include the WWDC starting June 6;
iPad 2 supply stabilization; the
iPhone 5 launch this summer / fall; smartphone push into China and emerging markets;
iTunes and other cloud initiatives; the continued evolution and adoption of
Apple TV; and new platforms such as video, books / publishing and social (
Ping). Shares of Apple trade at
11x Enterprise Value / Trailing Twelve Months Free Cash Flow (incl. long-term marketable securities).
Apple Will Be The First Trillion Dollar Company
(The Altucher Confidential) Giddy over the iPad and Apple's consistent growth, Formula Capital managing partner James Altucher believes that Apple is poised to become the first $1 trillion company. That would mean $1000 per share. He doesn't think that Jobs' eventual departure from the company will have a significant impact on Apple's future thanks to other great innovators within Apple such as Tim Cook.
Read more at Business Insider.
Read » Take Your Market Share, Apple Will Take The Profits (All Things Digital) With less than 5% of the overall handset market share, Apple has managed to claim 50% of the industry profit according to Canaccord Genuity analyst T. Michael Walkley. And it did it with only 18.6% share of the smartphone market and 4.9% share of the broader handset market. To add insult to injury, it was accomplished with a handset less than five years old, stealing market share from two cell phone veterans
Nokia and
RIM.
Read more at Business Insider.
Read » iPad Demand In South Korea Outstripping Supply After One Week (Reuters) No sooner did iPad 2 finally become available in Asia last week, than South Korean carriers SK Tel and KT have suspended sales due to lack of supply. The company is quoted as saying, "Our iPad 2 inventory has been depleted and we apologize for failing to provide enough supplies due to the product's global supply shortages". The carriers declined to share sales numbers (clearly) but indicated that the move was spurred by tight supplies.
Read » Amazon Entering The Tablet Wars To Take On Apple (DigiTimes)
Amazon is getting ready to take on the iPad. Quanta Computer has reportedly received orders to build a tablet for Amazon for delivery the second half of this year, with production expectations of up to 800K units per month. While the
Kindle is still selling strong, it isn’t reaching the customers who want a full-fledged tablet computer. Given Amazon's app store, music store and video streaming services, not to mention Amazon Prime and a massive distribution vehicle, the company could quietly become a huge tablet player.
Read more at Business Insider.
Read » Here Come iPad Controlled Homes (Cult Of Mac) More uses for the tablet computer coming to light. A Colorado builder is incorporating iPads into new homes. Apple's "magical" device is being used to regulate all the electronic systems in the house; from lights, motorized blinds, entertainment systems to baby monitors and closed-circuit cameras. The iPads are designed to remain docked in the wall but can be removed.
Read » NASDAQ Re-Balance Of Apple Shares Doesn't Clobber Stock As Much As Expected (Apple Insider) After the re-weighting of Apple's portion of the NASDAQ-100 index from 20.5% to 12.3% went into effect on Monday, shares of the company's stock dropped just 1% despite recent concerns that a lightening would lead to a sell-off. The re-balance was to better reflect the actual number of shares floating on the market.
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