Source: AAPLInvestors.net
Talk about a disconnect!
Sixteen Wall Street analysts raised their Apple (AAPL) price targets Tuesday, according to AAPLInvestors.net. Meanwhile, the stock opened down $14.49 (4.6%) from Monday's close, despite a quarterly report that showed revenues that up more than 60% year over year.
The stock closed at $309.49, down $8.51 (2.68%) for the day.
See also:
Don't cry for Apple's share price
Apple analysts' frenzied Q4 round-up
Apple sold 14.1 million iPhones in Q4, iPad MORE
The company missed the iPad revolution but says it's not worried. Should it be?
Apple watchers all figured the iPad would do well, but even they were astonished when the company sold 2 million iPads in less than one full month after its release. And that rate will probably only grow: Analyst Maynard Um with UBS estimated that Apple (AAPL) would sell at least 28 million iPads in 2010, according to MORE
Shelley DuBois, writer-reporter - Oct 19, 2010 2:59 PM ET
What we have here folks is a good old fashioned geek war.
Apple CEO Steve Jobs spent about five minutes of yesterday's earnings call (embedded below) berating Google's Android Model and its "disingenuous" "smokescreen" while touting Apple's "integrated, vertical" model where Apple controls most of the hardware and software stack.
Hoping to appeal to software developers, Google's (GOOG) Android VP Andy Rubin last night opened a Twitter account and Tweeted a rebuttal to Jobs' comments:
the definition of open: "mkdir MORE
Seth Weintraub - Oct 19, 2010 9:26 AM ET
Apple must have paid a heavy penalty to ramp up production so rapidly
Source: Company reports
Two of the biggest surprises in Apple's (AAPL) Q4 earnings report Monday were the sharp rise in the number of iPhones Apple sold in the quarter (14.1 million, up 91.4% year over year) and the drop in a key measure of the company's profitability: gross margin (GM), which dropped to 36.9 from 39.1 last quarter.
The MORE
Philip Elmer-DeWitt - Oct 19, 2010 9:02 AM ET
The market may not have liked what it heard on Monday's earnings call, but the analysts did
After Apple (AAPL) reported iPad sales and gross margin numbers that were lower than expected, the stock dropped nearly $20 in after-hours trading, dragging it below the $300-per-share line that was, for so many months, a psychological barrier.
It may not stay there long, if the analysts who began issuing post-earnings notes early Tuesday have MORE
Philip Elmer-DeWitt - Oct 19, 2010 7:05 AM ET
Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits below.
"We think the current crop of seven-inch tablets are going to be DOA, Dead on Arrival."
-- Steve Jobs during Apple's Q4 2010 earnings call (Fortune Tech)
Besides deeming 7-inch tablets from competitors a hopeless cause, Jobs MORE
JP Mangalindan, Writer-Reporter - Oct 19, 2010 6:30 AM ET
Source: Asymco
Fully 60% of Apple's (AAPL) quarterly sales now come from two products -- the iPhone and the iPad -- that didn't exist three years ago.
"Note the seasonality with the holiday spikes," writes Asymco's Horace Dediu, who created the graph. "This last quarter is not a holiday quarter. Now imagine what next quarter will look like on this chart."
[Follow Philip Elmer-DeWitt on Twitter @philiped]
Philip Elmer-DeWitt - Oct 19, 2010 5:53 AM ET
In the quarterly battle between bloggers and the Street, it's a split decision
Bloggers green, pros pink. Click to enlarge.
This one can be summarized succinctly: The amateurs took the top and bottom lines; the pros swept unit shares and gross margin.
In our ranking of the best and worst Apple (AAPL) analysts for Q4 2010, which lists them based on how accurately they predicted revenue and earnings per share, the MORE
Philip Elmer-DeWitt - Oct 19, 2010 5:18 AM ET
By Brian Dumaine, assistant managing editor
Chinese automakers have yet to crack the American market -- the quality and safety of their gasoline cars (never mind their electrics) don't pass muster in the U.S. One American entrepreneur, however, sees an opportunity to cash in on China's expertise in lithium-ion batteries and cheap manufacturing. Kevin Czinger, the CEO of startup Coda Automotive and a former VC and Goldman Sachs (GS) banker, has MORE
Oct 19, 2010 3:00 AM ET
By Brian Dumaine, assistant managing editor
Faced with scarce oil supplies and polluted cities, Beijing has ordered its booming auto industry to make a great leap forward in technology.
If you want to get a sense of just how car-crazy China is today, visit Chengdu, a booming city of 5.3 million in the southwestern part of the country. On a crisp Saturday recently, tens of thousands of eager new auto MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.24 | -0.06 | -0.86% |
| Ford Motor Co | 12.26 | -0.48 | -3.75% |
| Frontier Communicati... | 4.22 | -0.25 | -5.59% |
| Juniper Networks Inc... | 21.62 | -0.75 | -3.33% |
| Cisco Systems Inc | 19.59 | -0.24 | -1.21% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,663.49 | -71.14 | -0.56% |
| Nasdaq | 2,812.82 | 7.54 | 0.27% |
| S&P 500 | 1,315.83 | -2.60 | -0.20% |
| Treasuries | 1.91 | -0.02 | -1.09% |
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