FORTUNE -- Citing supply chain sources, Sterne Agee's Shaw Wu fine-tuned his Apple (AAPL) estimates again Wednesday:
As for the stock:
"We believe AAPL shares will likely continue to be volatile until year end due to non-fundamental factors including profit taking as AAPL as been an outstanding performer in 2012 where many are opting to lock in gains and fears of higher "fiscal cliff" tax rates next year. However, we believe as we enter 2013, investor sentiment will likely shift back to fundamentals. We are at the beginning of two big product cycles that will likely last 3-5 quarters and see margins poised to improve with greater scale and improving yields."
As rumors of a "real" Apple TV heat up, ideas that could upend the industry resurface
In late 2009, the Wall Street Journal ran a story that sent shivers through the television industry.
Quoting unnamed sources familiar with Apple's (AAPL) negotiations, the Journal reported that CBS (CBS) and ABC (DIS) were seriously considering Steve Jobs' plan to offer TV subscriptions over the Internet.
One form those subscriptions might take, according to these sources, MOREPhilip Elmer-DeWitt - Dec 28, 2011 4:23 PM ET
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
Exploring the mysteries of what the analysts call "multiple compression"
When Apple's (AAPL) shares responded to the news out of the company's developers conference by closing the week at $325.90 -- their lowest level since last December -- I thought I'd take a look at how last Friday's stock price compared with the 12-month price targets Wall Street's analysts posted exactly one year earlier, after the conference that introduced the iPhone MOREPhilip Elmer-DeWitt - Jun 14, 2011 11:02 AM ET
Shipments are reported to be approaching 3-4 million/month as production constraints ease
Following a mid second-quarter check with his sources in Apple's (AAPL) supply chain, Sterne Agee's Shaw Wu raised his unit sales estimates Friday as well as his price target: to $460 to $445. The stock, which has been impervious to the enthusiasms of sell-side analysts lately, closed Thursday at $340.53.
Among the highlights of the new report:
The production problems that MOREPhilip Elmer-DeWitt - May 20, 2011 8:27 AM ET
With Q2 earnings due next week, the two groups of analysts are once again miles apart
The amateur analysts who follow Apple (AAPL) can afford to be more bullish than the professionals who do it for banks and brokerage houses. After all, unlike the sell-side analysts who are telling investors to buy the stock, they don't have clients who will be angry if the company doesn't exceed expectations.
But with Apple set MOREPhilip Elmer-DeWitt - Apr 14, 2011 11:08 AM ET
Steve Jobs' latest iteration of the set-top box gets mixed-positive reviews on Wall Street
Piper Jaffray's Gene Munster:
We see the new Apple TV as a meaningful change in Apple's efforts in the digital living room. The addition of new content, such as Netflix, in combination with the $99 price (down from $229), will drive higher unit volumes compared to the the previous version of Apple TV. We MOREPhilip Elmer-DeWitt - Sep 2, 2010 12:49 PM ET
Is the device that was once Apple's best-selling iPod about to join the iPhone family?
There's been a lot of speculation about what a re-designed iPod nano might look like in the wake of a note issued Thursday by Kaufman Bros.' Shaw Wu, but what about the software that runs it?
Wu's sources in Apple's (AAPL) supply chain turned up plans to buy components for a smaller-size nano with no clickwheel. MOREPhilip Elmer-DeWitt - Aug 27, 2010 6:40 AM ET
"Important details still being ironed out," writes analyst. Could T-Mobile and Sprint be next?
Apple (AAPL) needs another carrier to maintain the iPhone's current rate of growth in the U.S., says Kaufman Bros.'s Shaw Wu in a note to clients Monday, but it doesn't necessarily have to be Verizon (VZ).
According to Wu, Apple's share of AT&T's (T) 90-million subscriber base is approaching saturation. Verizon, with 93 million subscribers, would be the MOREPhilip Elmer-DeWitt - Aug 23, 2010 9:05 AM ET
Apple engineers are reported to be "furiously working" on a Death Grip software fix
Two reports issued in advance of Apple's (AAPL) scheduled 10 a.m. PT press conference offer hope of a software fix for what has been widely assumed to be a hardware flaw in the iPhone 4's antenna design.
The first comes from Michael Helft in Friday's New York Times, who quotes an Apple source "not authorized to discuss the MOREPhilip Elmer-DeWitt - Jul 16, 2010 10:21 AM ET
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