posted
If you look at the chart, the tiny pull back has been over...It's getting ready to go much higher...the RSI and stochastis aren't OVER-BOUGHT yet...also the MACD is about to turn bullish again....this is goin much higher...I say at least $140
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NEW YORK (Reuters) - Shares of Apple Inc. (NasdaqGS:AAPL - News) rose more than 3 percent on Thursday as investors bet on strong demand for its media-playing iPhone, almost a week after its U.S. launch, and speculation mounted over plans to sell the device in Europe.
Analyst estimates for iPhone sales in its first weekend run as high as 700,000 units and investors are expecting that momentum to continue.
AT&T Inc. (NYSE:T - News), the exclusive U.S. provider for the phone, said it had virtually sold out of the device in that time, though neither company has provided sales data.
"The stock is obviously anticipating very very strong sales for the iPhone and very good follow-through sales," said Andy Hargreaves of Pacific Crest Securities. "The stock isn't going to be a one-month wonder."
Apple has said it will start selling iPhones in Europe this year and in Asia in 2008, but gave no further details.
European media reports this week have said Apple may be close to deals with carriers in France, Germany and Britain, a three-country strategy that would mimic the launch of its popular iTunes online music store in Europe in 2004.
Apple shares have increased more than 50 percent since the company unveiled in January the cell phone that combines Web browsing with the music and video playing capabilities of its best-selling iPod device.
"People are anticipating strong sales to continue through next year," said Hargreaves. "If you don't believe that's true then definitely the stock is expensive. we're kind of on the side that the momentum will continue."
Hargreaves has a 12-month price target of $130 for the shares. That does yet not include full expectations for events such as widening iPhone distribution to electronics retailers including Best Buy (NYSE:BBY - News).
Hargreaves said he expects Best Buy to start selling the phone in time for back-to-school shoppers.
Investors are also keeping close watch for news on how quickly Apple is able to replenish stocks of the phone and indicators of its financial impact. Research firm iSuppli said on Tuesday the phone would generate a 55 percent profit margin, after hardware and manufacturing costs.
In Europe, wireless operators including Vodafone Group Plc (LSE:VOD.L - News), T-Mobile, owned by Deutsche Telekom (XETRA:DTEGN.DE - News) and Orange, owned by France Telecom (Paris:FTE.PA - News) have been cited as potential iPhone partners.
Telefonica's (MCE:TEF.MC - News) 02 said on Thursday that it had not signed a deal with Apple after reports that it was poised to clinch the first European agreement in what would be a blow to Vodafone, which operates in multiple countries.
"It would be a somewhat of a disappointment" if Vodafone did not reach a deal with Apple since it is such a large carrier size, Hargreaves said.
Apple shares were up $3.18, or 2.5 percent, to $130.35 on Nasdaq in the early afternoon, after trading as high as $131.75 earlier in the session. AT&T shares were down 31 cents to $41.19 on the New York Stock Exchange.
(Reporting by Sinead Carew in New York, additional reporting by Kirstin Ridley in London)
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quote:Originally posted by Jo4321: Earnings reported.
Hit $144.00 in after hours.
Why did I sell this at $70.00 last year?
Jo
Here I am ready with my stop at 133.50 to guarantee a profit. It's at 144.00 now so I'm rasing it as I think it will drop back down below 140 end of day.
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posted
How many of you have played with an IPhone? I don't have one, but stopped in to the store to check it out... The thing is friggin awesome. It seems to me if that Apple continues to put out such innovative products, the stock will continue to perform. If the IPhone is evidence of the future, then the future looks bright to me. (of course, they need more/better carriers)
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quote:Originally posted by Ramius: How many of you have played with an IPhone? I don't have one, but stopped in to the store to check it out... The thing is friggin awesome. It seems to me if that Apple continues to put out such innovative products, the stock will continue to perform. If the IPhone is evidence of the future, then the future looks bright to me. (of course, they need more/better carriers)
I wouldn't go as far as callin it "friggin awesome", and that's mostly ATT's fault. The text messaging is VERY nice as well as pretty much the rest of the touch interface. If Apple does incorporate a version of the touchscreen into the ipod, then this train aint slowing down anytime soon. ...and you know Apple has got to already be working on the next version of the iphone; it's probably mostly done. Really, the main thing that I left with when playing around with an iphone is that it is a beautiful piece of industrial design (guaranteed iconic status) and is also so friggin fun to use!
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posted
APPL is at the end of its iPhone run. The next competitors will be out soon and the glory is over.
Many rushed out and bought the phone for the bling factor but are starting to realize.. they cant even use it!
For twice the competitors price... iphone does not let you:
cant send mms messsages (picture messages) cannot be used as a modem (no way to use it with your laptop for internet access) its "massive storage" can only hold itunes songs.. no data.. which is ok because it cant use any data like docs and xls files anyway. no synching with outlook (of course they dont want to deal with Microsoft products.. but huge limitation to anyone that uses a phone for more than a call) cant send anything over blue tooth. no java or 3rd part application support no voice activated dialing no external storage like SD cards hell, you cant even use your iTunes songs as ring tones!
Stick a fork in it
People are finally starting to see that their iphone is pretty much a useless toy.. mauahhahah!
Oh, forgot the silly web browser also doesnt support flash!
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