Apple's share price overtakes Wall Street's 12-month targets

• Android sells the smartphones; Apple makes the money

  Three graphs from Oppenheimer's 2012 Handset Guidebook

  In the following bar graphs, lifted from a report issued Sunday to Oppenheimer clients by Ittai Kidron and George Iwanyc, may tell you all you need to know about where the smartphone market is headed.

  Keep your eye on the magenta bars representing Apple's (AAPL) iPhone and the light blue bars representing Samsung, the leading vendor of Google (GOOG) Android phones. See who is gaining MORE

  Philip Elmer-DeWitt - Nov 14, 2011 10:51 AM ET
  Posted in: Android, Apple, Google, iPhone, Mobile, Oppenheimer, Samsung, Smartphones

• Don't be fooled by calls for Apple to declare a dividend

  Apple's $76 billion cash stockpile is burning a hole in Wall Street's pockets

  It happens every quarter. Apple (AAPL) reports blowout sales and earnings. Its holdings in cash and marketable securities swell by billions of dollars -- by $10.7 billion, to be specific, in the past 90 days. And analysts come out of the woodwork to demand that the company spend some of those billions buying back shares or issuing dividends MORE

  Philip Elmer-DeWitt - Jul 21, 2011 2:22 PM ET
  Posted in: Apple, Asymco, Cash, Horace Dediu, iPad, iPhone, Mark Russell, Marketable securities, Microsoft, New York Times, Oppenheimer, Sanford Bernstein, Steve Jobs, Wall Street, Wall Street Journal

• The day Apple landed in Gauna

  Why did one of the world's fastest growing tech companies fall twice as fast as the market?

  Boy. You leave town for one day and -- if you'll forgive an expression Elmore Leonard warns writers never to use -- all hell breaks loose.

  Of course, with Japan's nuclear plants burning and the Dow dropping 242 points and change, you would expect Apple (AAPL) to take a hit. So some of its $15.42 MORE

  Philip Elmer-DeWitt - Mar 17, 2011 7:18 AM ET
  Posted in: Alex Gauna, Apple, Credit Suisse, Elmore Leonard, Foxconn, Gene Munster, Hon Hai, iPad, iPad 2, iPhone, Japan, JMP, Oppenheimer, Piper Jaffray, Yair Reiner

• iPad 2: The analysts weigh in - updated

  Pleased to see Steve Jobs, wowed by the device's performance, fearful for the competitors

  A sampling of analysts' reactions to Apple's (AAPL) iPad 2 event. By midday Thursday we'd received 20 reports.

  Oppenheimer's Yair Reiner: The just unveiled iPad 2 offers the kind of incremental improvements consumers have come to expect from a second-generation Apple device. While it doesn't include any new breakthrough features or functionalities, the sum total of its refinements MORE

  Philip Elmer-DeWitt - Mar 3, 2011 10:44 AM ET
  Posted in: Apple, iPad, iPad 2, Morgan Stanley, Oppenheimer, RBC, Steve Jobs, Susquehanna, Tablets

• Oppenheimer raises AAPL target to $345. Apple 'not too big to blow it out'

  But the fact that investors expect a Verizon iPhone in early 2011 makes its analyst nervous

  In a note to clients issued early Friday, Oppenheimer's Yair Reiner addresses the yawning disconnect between Apple's (AAPL) fundamentals -- the underlying strength of its business -- and its share price.

  "Apple's stock has performed admirably this year (up 37% YTD)," he writes, "but it has significantly lagged the improvement in the company's fundamentals, which have MORE

  Philip Elmer-DeWitt - Oct 8, 2010 7:23 AM ET
  Posted in: Apple, Financial, iPhone, iPod, Oppenheimer, Quarterly earnings, Yair Reiner

• First day sales: 1.5 million iPhone 4s?

  According to one analyst, Apple has blown past all previous launch-day records

  "Guessing launch day iPhone sales," writes Oppenheimer's Yair Reiner in a note to clients issued Friday, 'has become something of a national sport, a bit like guessing whether Punxsutawney Phil will see his shadow."

  But that doesn't stop him from playing the game. Reiner's guess: 1.5 million, one and a half as many iPhones as Apple (AAPL) sold in three MORE

  Philip Elmer-DeWitt - Jun 25, 2010 7:38 AM ET
  Posted in: Apple, AT&T, Gene Munster, iPhone, iPhone 4, Oppenheimer, T-Mobile, Verizon, Yair Reiner

• Apple talks tough to handset makers

  The HTC lawsuit capped blunt talks that have reportedly shaken their faith in Google

  Oppenheimer's Yair Reiner issued a behind-the-scenes report Tuesday that sheds a lot of light on the patent suits Apple (AAPL) filed last week against HTC, the Taiwanese smartphone maker.

  Citing "industry checks," Reiner writes that:

  "Starting in January, Apple launched a series of C-Level discussions with tier-1 handset makers to underscore its growing displeasure at seeing its iPhone-related IP MORE

  Philip Elmer-DeWitt - Mar 9, 2010 7:26 AM ET
  Posted in: Android, Apple, Google, HTC, iPhone, LG, Nokia, Oppenheimer, Palm, Patents, Pre, Samsong, Tim Cook, Yair Reiner

• Will iPhone sales disappoint investors?

  Production "hiccups" may depress next week's earnings, warns one analyst

  Compared with the increasingly sunny predictions streaming from his competitors, the note Oppenheimer's Yair Reiner sent clients Friday morning was something of a buzz kill.

  "We believe Apple could report in line to slightly disappointing [fiscal fourth quarter] revenue," he wrote, advising investors to hold off buying shares until after Monday's quarterly earning's report.

  The focus of his concern: the iPhone.

  Reiner's estimate for MORE

  Philip Elmer-DeWitt - Oct 16, 2009 8:03 AM ET
  Posted in: Apple, iPhone, Oppenheimer, Quarterly earnings, Yair Reiner