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Tag: wall street

Despite being doomed, Apple once again rockets towards its highest stock price ever

The iPhone 6 is going to suck, nobody wants an iPad, and the iWatch is going to cost US$3,000, so it's really quite surprising that despite all this on its plate, Apple is still managing to creep near to its highest stock price in history today. At the time of this writing, AAPL is sitting at...

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How smartphones mean 'game over' for consoles, portable game systems

If there's one Wall Street analyst who consistently makes sense when it comes to computing and mobility, it's Asymco's Horace Dediu. On a regular basis, Dediu charts the sales and shipping information released by consumer electronics companies like Apple and is able to spot trends that spell...

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More realistic guidance from Apple results in better analyst estimates

Apple 2.0's Philip Elmer-DeWitt put it the best in the subhead for his Apple Earnings Smackdown article this morning when he said "Apple management may have found a way to tame the wild beasts of Wall Street." What he was referring to was the fact that most Wall Street analysts were actually...

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Apple's reality distortion field has assumed Wall Street

Despite robust profits, strong revenue growth and excellent brand awareness, reports predicting the downfall of Apple continue to make headlines. This paradox has many people shaking their heads, but analyst Ben Bajarin has a theory as to why Apple is slipping on Wall Street, even though it...

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Trader charged with wire fraud after trying to buy $1 billion worth of AAPL

A fraudulent US$1 billion purchase of Apple stock has resulted in the arrest of a Wall Street trader and the loss of US$5 million for his brokerage firm. According to the District Attorney's office in Connecticut, trader David Miller of Rochdale Securities hatched a plan to use the brokerage's...

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Daily Update for August 27, 2012

It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get all the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world. You can listen to today's Apple stories by clicking the inline player...

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Amateurs beat pros at predicting Apple's Q1 performance

When it comes to predicting Apple's financial performance, you may want to ask bloggers, day traders, and amateur analysts instead of listening to Wall Street analysts. As cited in a post by Apple 2.0's Philip Elmer-DeWitt, the real analysts blew it big time predicting Apple's financial numbers for...

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Former Apple supplier exec pleads guilty to leaking iPhone details

Former Flextronics employee Walter Shimoon pleaded guilty to charges of conspiracy to commit wire fraud and security fraud. Shimoon leaked information about upcoming Apple products to hedge fund traders in late 2009. He is one of 11 people who have admitted their guilt after the government's...

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Wall Street analysts think iCloud's future has a silver lining

Apple fans and developers apparently weren't the only people who liked the iCloud announcement on Monday at WWDC. As reported by Fortune's Philip Elmer-Dewitt, Wall Street analysts are almost unanimous in their positive comments about iCloud's effect on the financial future of Apple. For...

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NPD: Mac sales up 47% in March

The numbers are out on NPD's March report for computer sales, and our favorite Apple analyst, Piper Jaffray's Gene Munster, said MacBook Pro sales continued to drive Mac sales overall, boosting them up to a 47 percent year-over-year-growth. Munster says that despite an overall drop in the amount...

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'Can Apple maintain profitability?' Yes.

Seriously? This is the question of the day? When people are still voicing serious and legitimate concerns about the rest of the economy? We're talking about a company with enough money in the bank to make a Goldman Sachs-sized investment in Facebook if it wanted to, more than triple the amount Dell...

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JPMorgan iPad distribution confirmed, says Bloomberg

According to an email obtained by Bloomberg, JPMorgan Chase & Co will be handing out free iPads to all associates in its global investment banking division (that's investment bankers for you and me). In a pilot program to last until May 2011, the bankers will trial the device to see how well...

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iSuppli: Apple to sell 120 million iPads by 2012

Many analysts were disappointed when Apple announced 4.2 million iPads sold in Q4 during the conference call yesterday. The consensus -- or hope -- among many on Wall Street was a 5m+ iPad quarter. But if iSuppli's report today is any indication, the Wall Street boys have nothing to worry about...

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iPad supply constraints still in play, says Piper Jaffray

As we noted earlier, finding the iPad of your dreams hasn't been getting any easier in recent days. Even with an assumed uptick in production to handle the imminent overseas launch, the search for available units on the ground in the US has been tough. Today's Apple 2.0 note on availability cites...

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Did AT&T provide cheap iPad data rates to keep iPhone exclusivity?

In a country seemingly obsessed with the question "When is Verizon going to get the iPhone?," it's surprising that AT&T's exclusive iPhone deal with Apple has lasted this long. A post in Computerworld today quotes Wall Street analyst Brian Marshall of BroadPoint AmTech, who believes that...

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