With only a few days left before Apple's big iPhone event, the tech world is expecting great things from Apple. Wall Street, too, is caught up in all the excitement generated by rumors and leaked parts, and today the fervor pushed the Cupertino company's to its all-time high.
Social media catfights! Wall Street boneheads or Apple's got a problem? Dude, Where's My App Store? All these tantalizing teasers are just a hint of the news of the week from the handy dandy staff of Mac|Life.
Although the next iPhone isn’t expected until the fourth quarter, Apple appears to be “significantly” reducing orders for the current iPhone 4S model by as much as 25 percent, which could see current quarter sales drop below Wall Street expectations.
MacLife.com readers are among the most awesome Apple fans on the planet, so we don’t have to tell you how our favorite company has been chewing bubblegum and kicking ass (bonus points to those who can name which movie that line hails from!). But sometimes we just need to see it laid out in one awesome post -- and here it is!
Well despite some sad pandas in the financial prediction racket, Apple is hot hot hot. Sure, their last quarter sales were a wee bit lower than expected, but that was merely the collective intake of breath before the new model iPhone debuted. Naturally you wait until the new handset is out and with the iOS device line driving Apple's profitability, who didn't predict this? Apparently Wall Street. Anyway, Apple's hot whether they like it or not and here's some more weekly hotness.
Remember all the hand-wringing and analyst prognostications about gloom and doom at Apple if and when CEO Steve Jobs ever stepped down? Apparently the folks on Wall Street don’t, because Apple’s stock is flying high since Tim Cook stepped into the CEO shoes nearly a month ago.
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.
It seems like all the bad news on Apple’s iPhone 4 antenna reception issues is mostly media-driven -- Wall Street has a different view of the situation, and it certainly doesn’t call for anything as dire as a product recall.
Supply problems overseas are putting a crimp in the availability of iPhone 4s, creating big headaches for Apple at the same time that iPad availability is finally improving, flying past the three million mark in July.