The tech giant faces difficulties ahead as the chip market changes. Here's what the company's next leader must do.
By Kevin Kelleher, contributor
FORTUNE -- Anyone care to run an $54 billion-a-year tech giant? Anyone have any good ideas how to get it growing again? Intel is looking for a new CEO to take the reins at the Silicon Valley icon next May, when Paul Otellini steps down from the job.
Since Otellini became MOREDec 5, 2012 7:27 AM ET
A survey suggests that Windows PCs, not 10-inch iPads, will be its primary victim
FORTUNE -- The day after the iPad mini was unveiled, Cowen's Matthew Hoffman wrote that he expected Apple's (AAPL) latest tablet to be "largely cannibalistic" -- eating directly into the sales of Apple's 10-inch iPad -- and he trimmed his iPad sales estimates accordingly.
But to be certain, he ordered a survey of 1,225 Americans to gauge their MOREPhilip Elmer-DeWitt - Nov 15, 2012 7:25 AM ET
Sales up 45%. Earnings up 59.5%. Cash up $40 billion. Analysts were disappointed.
FORTUNE -- Apple (AAPL) released its Form 10-K annual report Wednesday. To the key numbers summarized below we'll add one more: Since the end of the company's 2012 fiscal year in September, its shares have fallen $71.78 (10.8%).
From the 10-K:
Employees: 72,800 full-time equivalent, up from 60,400 in 2011
Retail employees: 42,400 full-time equivalent, up from 36,000
Building space: 17.3 million MORE
Forstall and Browett are out. Ive, Cue, Mansfield and Federighi pick up the slack
FORTUNE: While the fourth estate was preoccupied with a hurricane and Wall Street was closed due to flooding, Apple (AAPL) announced a major shuffling of its executive team Monday.
Here's how some leading Apple watchers told the story overnight:
Piper Jaffray's Gene Munster: Apple Consolidates Management Around Core Players. "Yesterday Apple announced top level management changes, most notably Scott Forstall head of MOREPhilip Elmer-DeWitt - Oct 30, 2012 7:13 AM ET
Most see a silver lining, despite disappointing Q4's earnings and troubling Q1 guidance
FORTUNE -- The earnings report Apple (AAPL) issued Thursday evening was complicated one, and analysts on Friday -- like voters in the U.S. Presidential election -- were trying to thread the needle between hope and disappointment.
Excerpts from their notes to clients:
UPDATE: Another wave arrived Friday afternoon. New ones on top.
Sterne Agee's Shaw Wu: Rare EPS Miss But Would MOREPhilip Elmer-DeWitt - Oct 26, 2012 4:03 PM ET
For the third time in five quarters, the professional analysts outgunned the amateurs
FORTUNE -- It was a great story while it lasted.
For nearly three years the professional sell-side analysts who cover Apple (AAPL) for the big banks and brokerage houses got clobbered every quarter by a motley group of amateurs -- bloggers, day traders and individual investors who bet on Apple to beat the Street's consensus and hadn't been wrong MOREPhilip Elmer-DeWitt - Oct 26, 2012 9:06 AM ET
Reports $36 billion in revenue, $8.2 billion profit and $8.67 earnings per share
FORTUNE -- Apple's (AAPL) reported mixed results Thursday. Although its sales of nearly $36 billion beat both its guidance and Wall Street's estimates, its earnings came up slightly short.
At $8.67 per share, they were higher than the company's usual conservative guidance of $7.05. But they were less than the $8.75 Wall Street was expecting -- and that number had MOREPhilip Elmer-DeWitt - Oct 25, 2012 4:58 PM ET
Lowered expectations after Tim Cook's Tuesday bombshell
FORTUNE -- On Monday, Wall Street's consensus for Apple's (AAPL) fourth quarter report -- scheduled to be released today after the markets close -- was for earnings of $8.85 on sales of $36.32 billion.
By Thursday, according to Thomson Financial, those numbers had dropped to $8.75 and $35.8 billion. And among some of the analysts who revised their estimates this week, expectations were even lower.
What MOREPhilip Elmer-DeWitt - Oct 25, 2012 7:57 AM ET
Revenue estimates range from $34.26 billion to $42.83 billion, EPS from $7.90 to $11.32
NOTE: When Tim Cook announced Tuesday that iPad unit sales hit 100 million about two weeks ago, many analysts revised their numbers downward. Those changes are not reflected in the data that follow. For updated numbers, see Analysts cautious ahead of Apple's earnings.
FORTUNE -- Something interesting happened this quarter when we polled the small army of analysts -- MOREPhilip Elmer-DeWitt - Oct 24, 2012 5:00 AM ET
Windows sales fell 8-9% year over year, but most analysts think Mac's actually grew
FORTUNE -- Last quarter was a terrible for most personal computer makers. With sales down 8%-9% across the board, yearly PC shipments fell worldwide for the first time since the 2001 recession according to Gartner and IDC, which attributed the dismal results variously to the economic slowdown, a pause in advance of Microsoft's (MSFT) Windows 8 and the MOREPhilip Elmer-DeWitt - Oct 22, 2012 11:18 AM ET
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