Goldman Sachs

The Street scrambles to adjust its Apple expectations

Updating price targets to account for a dividend, a buyback and 3 million iPad

Most Apple (AAPL) analysts like to publish their quarterly estimates for the current quarter the day after the company reports its results from the last. And then, unless things change dramatically, they stick with their forward-looking numbers for the next two and a half months.

Sometimes, however, Apple gets so far ahead of their forecasts that adjustments must MORE

No Apple dividend today

CEO Tim Cook reiterated his previous position: We're looking at it carefully

As expected, the issue of what Apple (AAPL) plans to do with its roughly $100 billion in cash came up at the company's annual shareholder meeting Thursday.

It was the first question from the floor, and CEO Tim Cook had an opportunity to make an announcement, if he were so inclined.

He was not.

According to reports from inside the meeting, he MORE

Transcript: Apple CEO Tim Cook at Goldman Sachs

Forty five minutes with the man who took over when Steve Jobs stepped down

For those of you who missed Tim Cook's keynote presentation at the Goldman Sachs Technology and Internet Conference in San Francisco Tuesday, the audio is still available in QuickTime on Apple's (AAPL) website here.

For those who prefer to read than to listen, we've posted an edited transcript of his remarks below the fold.

Corrections most appreciated.

Live: Apple's Tim Cook speaks

The man who took over from Steve Jobs makes a rare public appearance

In a much anticipated follow-up on the 2008 Q&A that helped seal his reputation with investors (see here), Tim Cook takes questions at a Goldman Sachs technology conference.

Apple (AAPL) is providing a live streaming audio webcast here. [Transcript here.] We're going to assume you are listening in real time or catching the event after the fact, and will MORE

Tim Cook to speak today

Scheduled to make a rare appearance at a Goldman Sachs technology conference

It's been nearly four years since Tim Cook, then Apple's (AAPL) chief operating officer, appeared at a Goldman Sachs investors symposium to answer the urgent questions that had been piling up all winter.

The stock had fallen more than $80 a share -- to below $120 -- in the space of a month and the tech press was filled with MORE

Monday was raise-your-Apple-estimates day on Wall Street

Goldman Sachs, Needham and Hudson Square Research issue new notes

You can tell you're getting close to an Apple (AAPL) earnings report when the analysts start dusting off their spreadsheets and issuing new estimates. At least three came in on Monday.

Needham's Charlie Wolf made the biggest adjustment, hiking his earnings estimate to $10.85 from $9.55 on Street-high sales of $41.15 billion, up more than $3 billion from his previous estimate. He MORE

How many iPhones did Apple sell last quarter?

The Street is looking for a falloff in sales. The amateurs are looking for a blowout.

I expect Apple (AAPL) to report two important iPhone statistics next week.

The first, the number of iPhone 4S units sold this coming weekend, the company won't know until after midnight Sunday. The other, the number of iPhones sold last quarter, it already has in hand.

In this post, I'm going to look at the second number, MORE

Another Apple blowout quarter. Once again, the Street blew it

But an amateur -- a Romanian mathematician teaching in Paris -- nailed the numbers

This story never gets old.

An army of Wall Street analysts, backed by the computing power of some of the world's richest banks and brokerage houses, have once again been out-foxed and out-analyzed by rag-tag bunch of bloggers, amateurs and independent investors.

A glance at the chart at right, which lists the 48 analysts we polled in advance of MORE

How many iPhones did Apple sell last quarter?

The analysts' estimates range from 15 million to 20.25 million. Average: 16.9 million.

No product contributes more to Apple's (AAPL) bottom line than the iPhone.

In the 2nd fiscal quarter that ended in March, when the company sold a record 18.65 million units, the iPhone and related products and services generated $12.3 billion in revenue, almost exactly 50% of Apple's total sales for the quarter -- more than the Mac, iPod and MORE

iPad sales estimates for fiscal Q3 range from 6.0 to 9.5 million

Mean analyst estimate: 7.9 million. The amateurs, as usual, are more bullish than the pros

Apple (AAPL) is scheduled to report its fiscal third quarter earnings on July 19, a week from today, and in preparation for our quarterly earnings smackdown we've been gathering estimates from the small army of analysts -- profession and amateur -- who follow the company.

The biggest mystery this quarter -- and the biggest discrepancy in unit MORE