Will Apple Report Sales of 37.5 Million iPhones in Q2 2013?
April 23 2013 2:04 PM
Apple (NASDAQ: AAPL [FREE Stock Trend Analysis]) is only a few hours away from reporting its fiscal 2013 second quarter results. During the first quarter, Apple set a new world record for the iPhone, selling nearly 48 million units. This figure included the sale of three models: the iPhone 4, iPhone 4S and iPhone 5.
What Should You Do with Apple at Current Levels?
April 22 2013 8:24 AM
Do you spend your weekends soaking in all of the investing news you can find? Many of us do, but did you notice that there was an almost mind-numbing amount of Apple (NASDAQ: AAPL [FREE Stock Trend Analysis]) articles over the past couple of days? Even for Apple, it was out of control.
- Google Drive Outage Shows Why the Cloud Can't Replace Everything
April 22 2013 8:15 AM
Google (NASDAQ: GOOG [FREE Stock Trend Analysis]) is a big propont of the ever burgeoning reliance on data storage in the invisible but growing 'cloud.' This virtual, online-only environment has a number of advantages. The cloud allows users to access files from virtually any device and from any location. It allows users to share and interact with documents instantly and easily. And since cloud providers are willing to offer an unlimited number of storage options (often for a fee, of course), consumers and business professionals can dump their clunky, breakable hard drives and store everything online.
Google Pays $1 for a $39 Million Fiber-Optic System
April 19 2013 8:48 AM
Google (NASDAQ: GOOG [FREE Stock Trend Analysis]) went to the dollar store this week. However, instead of buying cheap knickknacks from Dollar Tree (NASDAQ: DLTR), Google went shopping for a municipal fiber-optic system in Provo, Utah, that cost $39 million to build. According to the Associated Press, the deal is "widely expected to be approved Tuesday by the City Council, making Provo the third city selected by Google for high-speed Internet and television service."
Is Apple Shifting New iMac Production to the United States?
April 18 2013 3:11 PM
Apple (NASDAQ: AAPL [FREE Stock Trend Analysis]) has reportedly stopped placing orders for new Mac-related components, leaving suppliers stranded with remaining inventories. According to DigiTimes, suppliers had expected to finish "digesting their Mac inventories" in April. That plan came to a screeching halt the moment Apple walked away. To make matters worse, suppliers informed DigiTimes that they have yet to receive any details about when Apple may resume taking orders for the new Mac.
- General Motors vs. Toyota: Truck Wars
April 18 2013 3:06 PM
General Motors (NYSE: GM [FREE Stock Trend Analysis]) plans to take on Toyota (NYSE: TM) in a mano-a-mano truck war, according to The Detroit News in a report filed Wednesday. The midsized trucks will do 95 percent of the workload of a big truck, according to Mark Reuss, GM’s President of North American operations. Reuss emphasized that the new trucks were not makeovers of the older Chevrolet Colorado and GMC Canyon models saying, “Don’t think of them as Canyon and Colorado replacements, because they’re not.” Reuss did say that GM is evaluating whether to keep the Colorado and Canyon names.
Coca-Cola Returning to a Franchise Model – With Conditions
April 17 2013 3:06 PM
Coke Classic is back. Not the soda - that happened in 1985 - the business model. Coca-Cola (NYSE: KO [FREE Stock Trend Analysis]), according to The Wall Street Journal, is expanding distribution rights for five of its independent bottlers less than three years after cutting a $12.3 billion deal designed to give the beverage company more control over operations. This reversion to the original franchise model is not a wholesale return to the good old days. The plan for the new deal allows Coke to keep direct control over 75 percent of its U.S. distribution, versus 80 percent currently. The company did indicate that more franchise deals are in the works.
iPad Mini Shipments May Fall 30%
April 17 2013 3:02 PM
Apple's (NASDAQ: AAPL [FREE Stock Trend Analysis]) beloved iPad Mini might be headed for steep declines in the second quarter. While the company is believed to have shipped 15 million units during the first quarter (the final number will not be released until next week), Apple may ship 20 to 30 percent fewer units during the second quarter. According to DigiTimes, no more than 12 million iPad Minis will be shipped to stores during the April-June sales period. As few as 10 million units may actually make it to retail.
eBay Earnings Preview
April 17 2013 8:55 AM
eBay (NASDAQ: EBAY [FREE Stock Trend Analysis]) will report Q1 2013 earnings after the bell on April 17, with its conference call beginning at 5:00 pm EST. The early innings of earnings season in the technology space hasn’t impressed investors. Yahoo (NASDAQ: YHOO) reported on Tuesday that display advertising, its main revenue stream, was down 11 percent and Intel (NASDAQ: INTC) said on its conference call that weakening PC sales are impacting operating margins.
Bank of America Misses Estimates, Shares Slide Pre-Market
April 17 2013 8:41 AM
U.S. banking behemoth Bank of America (NYSE: BAC [FREE Stock Trend Analysis]) reported first quarter results early Wednesday that missed analyst estimates and shares slid in the pre-market. For the first quarter of 2013, Bank of America reported earnings per share of $0.20 on adjusted revenue of $23.8 billion. Analysts were expecting Bank of America to report earnings per share of $0.23 on revenue of $23.5 billion. Revenue was driven mostly by lower than expected provisions for losses on loans.
Yahoo! Earnings Preview
April 16 2013 5:32 PM
Yahoo (NASDAQ: YHOO [FREE Stock Trend Analysis]) will report earnings after the bell on Tuesday, April 16 with a conference call scheduled for 5:00 pm EST. The company, once seen as heading for irrelevance much like Microsoft (NASDAQ: MSFT), has seen a resurgence since CEO Marissa Mayer took the reins of the company. Here’s what to expect when the company reports Tuesday after the bell.
Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD
April 16 2013 1:10 PM
IMF cuts forecasts for global growth - U.S. consumer price data falls to 4-month lows - Euro shrugs off weak ZEW data - Plummeting gold prices weaken commodity currencies
April 16 2013 1:05 PM
AAPL is seeing a little courtesy bounce today after yesterday’s move down and its daily and weekly trading range is compressing which means smaller moves on the swings.
Apple Expected to Ship 10 Times More Tablets than Google in 2013
April 16 2013 10:08 AM
Apple (NASDAQ: AAPL [FREE Stock Trend Analysis]) endured some criticism last month after rumors surfaced that the company may ship 12 percent fewer iPads than previously anticipated. Instead of shipping 60 million full-size iPads and 40 million iPad Mini units, the company is now rumored to ship 55 million iPad Mini units and just 33 million full-size iPads. The shipment adjustment came as millions of consumers were expected to replace or bypass full-size tablets for the iPad Mini.
Apple or Intel Will Lead TV to the Next Generation
April 15 2013 4:21 PM
There is a strong belief that the future of television will fall into the hands of Apple (NASDAQ: AAPL [FREE Stock Trend Analysis]) and/or Intel (NASDAQ: INTC). Rich Tullo, Director of Research at Albert Fried and Company, is confident in the technologies and services that both firms are developing. He feels that one or both of those companies will lead the TV revolution.
UPDATE: BTIG Initiates Netflix at Buy on Positive Catalysts, Growth Expectations
April 15 2013 9:24 AM
BTIG analyst Richard Greenfield published a report on Netflix (NASDAQ: NFLX [FREE Stock Trend Analysis]) that initiated coverage with a Buy rating and $250.00 price target. In the report, BTIG wrote, "We believe Netflix is set to benefit from the perfect storm of catalysts (improving bandwidth, personalization of entertainment, slow-moving competition, ISPs ramping their marketing of Netflix, increasing content leverage, improved set-top box integration and increased consumer interest in advertising-free programming).
Microsoft's Windows 7 Acquires 70% of Business PC Market
April 12 2013 2:08 PM
Microsoft (NASDAQ: MSFT [FREE Stock Trend Analysis]) may have achieved a new milestone at least two months ahead of schedule. In an e-mail to the press, Ovum principal analyst Richard Edwards said that his research "suggests that 70 percent of business PCs have successfully transitioned to Windows 7."
Wells Fargo Reports Better Than Expected Earnings, Weak Revenue
April 12 2013 8:43 AM
Banking behemoth Wells Fargo (NYSE: WFC [FREE Stock Trend Analysis]) reported first quarter earnings that beat forecasts on the bottom-line but revenue was slightly weaker than expected. The company also announced that the dividend was increased in the first quarter and that the company bought back 17 million shares of stock.
LinkedIn Signaling Aggressive Growth Strategy With Pulse Acquisition
April 12 2013 8:34 AM
To be fair, the blog post by LinkedIn (NYSE: LNKD [FREE Stock Trend Analysis]) Senior Vice President Deep Nishar on Thursday wasn’t meant to be a press release. It was meant to be a first person account of the background behind the company’s acquisition of popular newsreader, Pulse and the unique connection the entities had, even before the acquisition.
Bank of America Dodges “Worst Company in America” Title
April 11 2013 10:48 AM
When asked about the most hated companies in the country, financial institutions are probably one of the first answers that come to mind. The Great Recession showed Americans that banks can receive record-breaking bailout packages, pay minuscule penalties for breaking laws, and raise fees on customers, all while awarding executives with multi-million-dollar pay packages. However, a new poll shows that a video-game company tops the list as the worst company in America. Electronic Arts (NASDAQ:EA) has the displeasure of being named the “Worst Company in America,” according to the latest voting by Consumerist readers. EA also won the title last year, which makes it the first company to top the list twice.