Tag Archives: aapl

IPhone might beat December sales record as momentum continues

Apple’s (AAPL) iPhone sales likely will top Wall Street’s consensus for the next two quarters and could even match or beat last year’s record December quarter, Rosenblatt Securities analyst Brian Blair said in a research report Wednesday. “We now believe that Apple has two quarters of iPhone upside ahead relative to Street expectations,” Blair said. He predicts Apple will sell 50 million units in the June quarter and 55 million in the September quarter. “And we believe the company has a high probability of matching or beating last December’s 74 million unit number,” Blair said. “Our estimates are framed largely by global demand trends but also by our view of unit production.” Blair is modeling December-quarter sales at 75 million iPhone units. Apple’s March quarter showed that strong momentum for the iPhone continued after the holiday sales quarter. In the March quarter, iPhone sales fell only 18% sequentially to 61…

Microsoft buys to-do list app maker for over $100 million

Microsoft (MSFT) crossed a European acquisition off its to-do list, picking up 6Wunderkinder in a deal believed to be worth at least $100 million. Microsoft announced that it acquired the Berlin-based startup behind the Wunderlist to-do list app on Tuesday. “The addition of Wunderlist to the Microsoft product portfolio fits squarely with our ambition to reinvent productivity for a mobile-first, cloud-first world,” Eran Megiddo, general manager of Microsoft’s OneNote, said in a blog post. “Building on momentum for Microsoft Office, OneNote and Skype for Business, as well as the recent Sunrise and Acompli acquisitions, it further demonstrates Microsoft’s commitment to delivering market leading mobile apps across the platforms and devices our customers use — for mail, calendaring, messaging, notes and now tasks.” Wunderlist has more than 13 million users who have created over 1 billion to-do lists, Megiddo said. Wunderlist offers its app onApple (AAPL) iOS,…

Apple investors nervous about 2016 comparisons

Investors are discounting Apple (AAPL) stock as the company approaches fiscal 2016, which starts Sept. 27 and is expected to face tough comparisons with the current fiscal year, UBS analyst Steven Milunovich said in a research report Tuesday. “Since the launch of the iPhone 6 in September, Apple’s P/E multiple has diverged from the rising trajectory of the S&P 500, with the discount expanding from 5% to nearly 20% currently,” Milunovich said. “We believe the likely reason is concern about the upcoming slowdown in revenue and earnings growth as the iPhone 6 anniversaries as well as memories of the disastrous iPhone 5 cycle. Our view is that most of the risk of fiscal 2016 is already discounted in the valuation.” For Apple stock to hold its ground, iPhone unit sales probably will need to be flat in fiscal 2016, Milunovich says. That’s possible, he adds,…