Tag Archives: aapl

Apple iWatch seen selling like iPad at launch

Apple’s iWatch is likely to sell as well as the company’s iPad in its first two years, UBS analyst Steven Milunovich said in a report Monday. Apple (AAPL) hasn’t announced the rumored smartwatch/fitness band yet, but Milunovich is estimating it could sell 21 million units in fiscal 2015 and 36 million units in fiscal 2016. He predicted an average selling price of $300 for the wearable device. That would translate to estimated sales of approximately $6.5 billion in fiscal 2015 and $11 billion in fiscal 2016, he said. The iWatch could boost earnings per share by 15 cents in fiscal 2015 and 30 cents in fiscal 2016, Milunovich said. Overall, he sees the iWatch boosting Apple (AAPL) sales by 4% and EPS by 1% to 2%. But he hedged on his predictions. “The iWatch might do better than the iPad due to a larger customer base at launch or worse because…

Apple investors stick around after stock split

Apple investors didn’t split after Apple’s 7-for-1 stock split. The split-adjusted stock began trading on Monday, with Apple (AAPL) stock up more than 1%, above 93, in midday trading on the stock market. Apple stock is up 24% since April 23, when the company announced the stock split along with an expanded stock buyback plan, a dividend increase and better-than-expected fiscal Q2 earnings. Apple is now just 8% below its all-time, split-adjusted high of 100.75, reached on Sept. 21, 2012. “We believe Apple shares have benefited from strong investor sentiment driven by broader market trends and the prospect of positive news flow expected over the coming quarter, of which the share split, in our opinion, was one,” Wells Fargo Securities analyst Maynard Um said in a research note Monday. He rates Apple stock as market perform. Apple faces limited growth in its current markets and will see profit…

Cirrus Logic may have lost Apple business to Maxim

Audio chipmaker Cirrus Logic appears to have lost out to Maxim Integrated Products on some components in next-generation Apple devices, Pacific Crest Securities reported Monday. “We believe that Maxim has won multiple audio amplifier sockets on Apple’s upcoming new products,” Pacific Crest analyst John Vinh said in a research note. “Maxim’s win is primarily due to better dynamic power performance.” The loss of business could cost Cirrus Logic (CRUS) 50 cents of content per unit, Vinh said. That would reduce Cirrus Logic’s fiscal 2016 earnings per share by 20 to 25 cents, he said. Cirrus Logic’s recent acquisition of Wolfson Microelectronics should help offset some of the lost Apple (AAPL) sales, Vinh said. He rates Cirrus Logic stock as underperform, with a fair value of 18 to 20. Cirrus Logic was down 2.5%, near 22.85, in morning trading on the stock market today. Shares of Maxim Integrated Products…