Sterne Agee's Apple analyst sees lots of room for growth in PCs and mobile phones
In a note to clients issued Wednesday, Sterne Agee's Shaw Wu makes the case that Apple's (AAPL) shares, still down 8% from their recent highs, are a "compelling" buy. He offers four reasons:
"As much success as AAPL has had," he writes, "the company has only 4%-5% share in mobile phones and 4%-5% in PCs (12%-13% including MOREPhilip Elmer-DeWitt - Aug 10, 2011 7:56 AM ET
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* Airbnb co-founder Brian Chesky issued an unconditional apology to an Airbnb host whose apartment was reportedly trashed and robbed. In addition, the company is also issuing a $50,000 guarantee against damages to hosts. The "Airbnb Guarantee" will apply to reservations starting August 15 but also retroactively cover MOREJP Mangalindan, Writer - Aug 2, 2011 3:30 AM ET
76% say they'll sign up for free e-mail; 30% for the $25/year music matching service
Apple (AAPL) is not a company known for giving things away for free, but when they do, people tend to respond positively. According to a survey conducted for RBC Capital the week after Steve Jobs' iCloud keynote:
76% of respondents said they were likely to sign up for iCloud, Apple's free e-mail, back-up and data syncing service
Average post WWDC loss: 5.4%. Average gain from the previous year: 56.8%
There was the usual gnashing of teeth on the Apple (AAPL) investor boards when the company's share price dropped $6.18 ($1.8%) Monday, the day of Steve Jobs' iCloud keynote.
Adding insult to injury, the stock continued to fall three out of the next four days. It closed Friday at $325.90, its lowest price since Dec. 2010, down 5.7% for the MOREPhilip Elmer-DeWitt - Jun 11, 2011 12:40 PM ET
A firm with the same name has filed an infringement suit in an Arizona federal court
Given what a stickler Apple (AAPL) is about protecting its trademarks (viz. its battle with Amazon over the phrase "app store") you might think its lawyers would have done a thorough search on the term "iCloud" before Steve Jobs started waving it around like a banner for the post-PC future.
If they did, they failed to MOREPhilip Elmer-DeWitt - Jun 10, 2011 4:20 PM ET
How to wrap your mind around Apple's vision of the post-PC world
Four days after Steve Jobs' keynote address at Apple's (AAPL) Worldwide Developers Conference, commentators were still searching for ways to convey what it signified -- often by comparing Apple's approach to Google's (GOOG) or Microsoft's (MSFT) or Amazon's (AMZN).
Below, we've posted excerpts from the best analysis we've seen or heard this week. If you come across something that helps MOREPhilip Elmer-DeWitt - Jun 10, 2011 10:45 AM ET
Will popular services like Dropbox and Box.net be rendered useless with the emergence of Apple's cloud-based services? Hardly, they say.
FORTUNE -- When Steve Jobs took the wraps off iCloud earlier this week, many cheered. Apple was finally charging into the cloud space with a service that could stand up to recent offerings from Google (GOOG) and Amazon (AMZN), providing storage of music, photos, videos, apps and other documents with quick MOREJP Mangalindan, Writer - Jun 9, 2011 12:29 PM ET
Their contrasting views help explain why Apple's share price is falling while its prospects rise
Business Insider's Henry Blodget and Asymco's Horace Dediu both watched Steve Jobs' keynote address Monday and both talked about it on Tuesday -- Blodget for 5 minutes on Yahoo Breakout, Dediu for 56 minutes on the debut of his Critical Path podcast on Dan Benjamin's 5by5 network.
Blodget's take: No new iPhone. The iCloud, big whoop. Steve MOREPhilip Elmer-DeWitt - Jun 8, 2011 10:40 AM ET
The sell-side analysts liked the show. The market, not so much.
With one exception (ahem, J.M.P.'s Alex Gauna), the analysts who follow Apple (AAPL) seemed to understand what the traders who drove Apple's shares down Monday $5.40 (1.57%) to $338.04 did not: The hundreds of improvements in its software ecosystem -- big and small -- that Apple announced Monday could, in the long run, sell more devices, convert more customers, and make MOREPhilip Elmer-DeWitt - Jun 7, 2011 8:18 AM ET
Steve Jobs' master plan to draw a generation raised on stolen music into the iTunes store
Of the 5,364 items in my iTunes music library, 143 are songs I purchased on Apple's (AAPL) iTunes store. The vast majority were ripped from my old CD collection. A few were obtained by other means.
My children have even larger digital music collections that they store on iTunes and play on their Apple devices. I MOREPhilip Elmer-DeWitt - Jun 7, 2011 7:16 AM ET
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