The latest: Share price tracks sales growth, and AAPL hits $600 in 2013
Morgan Stanley's Katy Huberty believes Apple's (AAPL) revenue most closely tracks how much it spends on new equipment (in MBA terms, CapEx ex-retail stores). Her chart looks like this:
By that formula, Apple's revenues will hit $183 billion by the end of fiscal 2012.
Asymco's Horace Dediu has drilled a little deeper into Apple's capital expenditures. He believes Apple's sales MOREPhilip Elmer-DeWitt - Dec 8, 2011 9:17 AM ET
Katy Huberty weighs in on the question "Why is AAPL so cheap?"
"Market Significantly Underestimates Apple's C2012 Earnings Growth" reads the headline of Katy Huberty's contribution to a 45-page Morgan Stanley report to clients Wednesday summarizing what the bank expects to be the big "investor debates" of 2012.
Her headline is an understatement, judging from the text of her note on Apple (AAPL). "Several data points," she writes, "give us confidence that MOREPhilip Elmer-DeWitt - Dec 7, 2011 12:53 PM ET
The key to future sales growth is signing up new cellular operators, especially in Asia
In a series of well-researched charts, Morgan Stanley's Katy Huberty has put her finger on the one factor -- all others being equal -- that really drives smartphone sales: The number of cell phone operators that sell the thing.
In a report issued to clients Sunday, Huberty shared the results of an analysis of 760 carriers in MOREPhilip Elmer-DeWitt - Nov 21, 2011 8:12 AM ET
Chinese consumers rate Macs as most desirable, although only 7% can afford one
In August, according to IDC, China overtook the U.S. as the world's largest consumer of personal computers.
On Wednesday, Morgan Stanley issued the results of a survey suggesting that Apple (AAPL) is the best positioned of all PC manufacturers to capitalize on the boom.
Summarizing the results of a proprietary Alphawise survey of 1,553 consumers in 16 Chinese cities, Morgan MOREPhilip Elmer-DeWitt - Nov 10, 2011 6:39 AM ET
A huge uptick in planned spending has analysts scratching their heads
Once a year in its Form 10-K Apple (AAPL) reveals to the SEC -- and to investors -- how much it has set aside in the year ahead for so-called CapEx -- capital expenditures on land, buildings, machinery, equipment and leasehold improvements (i.e. retail stores).
In that regard, the 10-K the company filed last week was a doozy:
The Company anticipates utilizing MOREPhilip Elmer-DeWitt - Nov 3, 2011 11:37 AM ET
Wall Street's first Apple evangelist -- and the former chairman of Compaq -- reminisces
The 140-word Wikipedia entry on Benjamin M. Rosen hardly does him justice. For more than a decade -- starting in 1980 when he left Morgan Stanley and co-founded Sevin Rosen Management -- Ben Rosen was personal computing's most influential power broker, a visionary financier who backed dozens of high-tech start-ups, including Compaq, Citrix, Cyprus, Lotus, Silicon Graphics MOREPhilip Elmer-DeWitt - Oct 23, 2011 8:21 AM ET
With Q4 earnings due next week, the pros and the bloggers are $3.9 billion apart
It has become, for the Street, an embarrassing quarterly tradition.
The Apple (AAPL) independent analysts -- a growing community of bloggers, private investors and assorted amateurs -- file estimates that look, by Wall Street's standards, outrageously optimistic.
But as the day of reckoning approaches -- in this case, Tuesday Oct. 18, when Apple is scheduled to announce its MOREPhilip Elmer-DeWitt - Oct 11, 2011 2:13 PM ET
Disappointed there was no iPhone 5, but wowed by Siri and the speed of the rollout
Below: A roundup of what the sell-side analysts told their clients after Apple's (AAPL) iPhone 4S announcement Tuesday. The tone of their notes was generally positive, which may help explain why the stock, which had fallen more than $20 during the course of the event, managed to close at $372.50, down only $2.10 (0.56%) for MOREPhilip Elmer-DeWitt - Oct 5, 2011 6:49 AM ET
The $76 billion Apple reported last quarter could grow to $136 billion by the end of 2012
Apple's (AAPL) fourth fiscal quarter doesn't end until next week, but Morgan Stanley Katy Huberty already has her eye on the company's massive holdings in cash and marketable securities -- $76 billion at the end of Q3, which she estimates will swell to $94 billion by December and $136 billion by the end of MOREPhilip Elmer-DeWitt - Sep 13, 2011 12:12 PM ET
The search giant's $12.5 billion acquisition bid is a bold move that could reshape the mobile business. It's also fraught with potential pitfalls.
By Alex Konrad, contributor
FORTUNE -- Sometimes, plan B is pretty good. When Google missed out on buying Nortel Networks' patent hoard earlier this summer, few could have predicted it would make a stunning $12.5 billion cash bid for Motorola Mobility.
The move is sure to change Google's (GOOG) business, MOREAug 18, 2011 10:33 AM ET
|NJ agrees to ban Tesla direct sales|
|Five predictions for the World Wide Web that were way, way, way off|
|The Deep Web you don't know about|
|Fannie Mae, Freddie Mac stock hit by proposal to close them|
|West prepares sanctions against Russia over Ukraine|