The solution Steve Jobs said he "finally cracked" could be a $6 billion business by 2014
In a note to clients released Monday, Piper Jaffray's Gene Munster seizes on remarks attributed to Steve Jobs in the biography published overnight as "another data point" to support a thesis he's been championing since 2009.
"I'd like to create an integrated television set," Jobs told Walter Isaacson, his authorized biographer. "It would be seamlessly synced MOREPhilip Elmer-DeWitt - Oct 24, 2011 6:22 AM ET
Apple, by contrast, is probably clearing a gross margin of 30% or more on each iPad
The Kindle Fire that Amazon (AMZN) introduced Wednesday is not a true competitor of Apple's (AAPL) iPad, Piper Jaffray's Gene Munster declared in a note to clients posted shortly afterward. But, he quickly added, "it is more competitive than we anticipated."
On the Fire's minus side, he cites:
The Kindle Fire's 7" screen compared to the 10" MOREPhilip Elmer-DeWitt - Sep 28, 2011 1:18 PM ET
A report out of Apple's Asian supply chain may have sent the wrong signal to Wall Street
Apple (AAPL) shares fell sharply in early trading Monday following a widely reported note to clients from J.P. Morgan's Gokul Hariharan to the effect that multiple supply chain vendors in Asia have registered a 25% cut in fourth-quarter iPad 2 orders from Apple -- "the first cut ever we've seen" according to Hariharan. (Business MOREPhilip Elmer-DeWitt - Sep 26, 2011 11:30 AM ET
Piper Jaffray's estimate of 20% looks bullish by comparison. It looks crazy to us.
Gene Munster, Piper Jaffray's longtime Apple (AAPL) analyst, issued his estimates for calendar 2013 on Wednesday. The highlights:
Revenues of $164 billion (8% higher than The Street)
Earnings of $40.50 per share (10% higher)
Revenue growth slowing from 82% the June 2011 quarter to 20% in 2013.
The consensus among investors he polled was that growth would slow even more dramatically MORE
On first day of the Tim Cook era, Apple's shares actually outperformed the market
Talk about a well-executed departure.
It was only four years ago that Piper Jaffray's Gene Munster told Bloomberg News that Steve Jobs' departure would be a "disaster" that could shave 25% off Apple's (AAPL) market cap.
Fast-forward to Wednesday. Jobs submits his resignation, the market digests the news overnight, and on Thursday Apple loses 0.65% -- which on a MOREPhilip Elmer-DeWitt - Aug 25, 2011 5:18 PM ET
Finds high pent up demand for iPhone 5 among Verizon subscribers and Android owners
It's only a tiny sample, so large conclusions must not be drawn. But the survey results reported in Gene Munster's note to Piper Jaffray clients Monday suggest that the pent-up demand for Apple's (AAPL) next iPhone could be even stronger than suspected.
In a survey of 216 mobile phone users conducted one recent week in Minneapolis ( in "food MOREPhilip Elmer-DeWitt - Aug 1, 2011 8:14 AM ET
A big Q3 is a given. Just look at what the stock has done lately. But the devil is in the details
The Street has fallen back in love with Apple (AAPL). "Get ready for the return of the wow factor," J.P. Morgan's Mark Moskowitz told clients last week just before the stock put the finishing touches on a 28-day, $58.48 (18.5%) run that took it to $373.80 Monday afternoon, an MOREPhilip Elmer-DeWitt - Jul 19, 2011 7:48 AM ET
The appetite for cool software is increasing, and customers are willing to pay more for it
Apple's (AAPL) business model is increasingly dependent on the health of its App Store, the rich breeding ground of the company's software ecosystem, and a report to clients issued Monday by Piper Jaffray's Gene Munster suggests that the ecosystem's vital signs are good.
Apple only releases data about the App Store when it serves its interest MOREPhilip Elmer-DeWitt - Jul 11, 2011 6:42 AM ET
Piper Jaffray's Gene Munster believes an iOS television will succeed Apple TV in 2012
In the wake of a dubious prediction published Wednesday (DailyTech: Apple to Enter TV Display Business Late This Year) and its dismantling (TechCrunch: That Apple Television Is Coming This August Alongside The iPhone Nano (And Santa)) Gene Munster could hardly be expected to hold his tongue.
No one has championed the idea of an Apple-branded TV set (as opposed MOREPhilip Elmer-DeWitt - Jun 23, 2011 10:57 AM ET
Piper Jaffray offers 3 reasons investors are nervous and 3 reasons they shouldn't be
In a note to clients issued Wednesday morning, Piper Jaffray's Gene Munster takes a crack at the question Apple (AAPL) investors have been asking since January: Why, despite one record quarter after another, is the stock going nowhere?
The three reasons he offers will surprise no one who has been following this blog: (I quote)
The stock is already MOREPhilip Elmer-DeWitt - May 25, 2011 7:39 AM ET
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