Alisher Usmanov, the Russian billionaire whom some of you may recall from his jaw-dropping 10-fold return on his investment into Facebook last year, recently announced to Bloomberg that he'd invested as much as $100 million into Apple stock in the belief that it will return to the highs of September 2012 or beyond. That's an impressive gamble. Apple's stock has dropped by close to 40 percent since then due to concerns about competition from Samsung and sluggish sales.
While Apple does its best to conceal when new products will be released, there’s one pretty sure-fire way to know when an upgrade to an existing product is coming: Stock availability. In the case of the second-generation Apple TV, the little black box appears to be out of stock almost everywhere -- a fair indication that a new model is likely to be introduced on Wednesday.
There’s no doubt that Apple’s latest MacBook Air is a hot item with consumers, and rumors have recently pointed to a refresh coming down the pipeline any day now. A new report claims that inventory is constrained at major retailers, which is usually a good sign that a new model is on the way.
Despite rumors having run rampant last week that Best Buy could possibly have been in the doghouse in regard to their iPad 2 sales strategy, the major retailer confirmed in a statement that such was not the case. What is instead transpiring is that Best Buy is actually fulfilling customer reservations first.
Maybe you’re frustrated by availability of the iPad 2, so you decide to head to Apple’s website to buy one of the original models from their clearance section. Unfortunately, if you want a Wi-Fi only model, it may already be too late.
Here we are a week later, and lines reportedly still continue to form for the second generation of the iPad. Shipping times are still at 4-5 weeks on Apple's site. Despite the continued onslaught of demand, Apple, along with its manufacturing partner in Foxconn, believe they have enough components on hand to be able to assemble new iPad 2s for at least another 2 to 3 weeks before a potential stockout that would put production on ice if the tragic situation in Japan does not improve.
If you didn’t manage to grab an iPad 2 last Friday or successfully get an online order placed in the wee hours of it first being made available, it’s looking increasingly like you’ll have a long wait ahead of you.
When an Apple product becomes scarce in stores and online, it isn't too long until talk of a product refresh hits the interwebz. This has been the way of things amongst the Apple faithful for time immemorial. With this in mind, let us talk of products in need of an overhaul, exasperating shipping times and iPod Classics.
Now for some other business news. You may have caught word that yesterday Apple announced that it "expects to experience decreases in its gross margin percentage in future periods, as compared to levels achieved during 2010," due to a mix of new products that cost the company more to produce and an expectation that product components and other costs will rise. On the flip side though, the company also saw a hiring boost in their annual report that was filed with the SEC.
It's Monday, and that means with two days of rest from soothsaying and divination, it's about time that the world got back to the serious business of making off-the-cuff financial predictions once again. According to Brian White, a financial analyst for Ticonderoga Securities and part-time fortune teller, Apple stock could reach as high as $430 per share this year, propped up by a wicked-hot product line that's set to be an even greater success as the world draws closer to the upcoming holiday season. So confident is White in Apple's ability to dazzle the purchasing public, that he's declared the company will most likely overtake Exxon as the most valuable company in the world according to market value within the next 12 months.