Apple Shares Hit All-Time High of $427: With Apple (NASDAQ: AAPL ) expected to
report record earnings and device sales during its quarterly conference call on
Jan. 24, it wasnt unreasonable to expect shares of the company to crest above
their previous all-time high of $426, hit in October. What is surprising is that
Apple shares broke that record on Monday morning, ahead of the launch of the
International Consumer Electronics Show, which is best known as a showcase for
Apple competitors rather than for Apple itself. The company's shares hit
$475.75 by mid-morning Monday. As of this writing, shares were trading below
$425, but still above prices seen last week. Apples Growing Business in
Corporate Market Could Hit $19 Billion in 2012: According to a new report from
research group Forrester (detailed at 9 to 5 Mac ), Apples business with
businesses could yield $19 billion in sales revenue before the end of the year.
The Global Tech Market Outlook for 2012 and 2013 report said that Apple is
redefining the corporate computing market, stealing away business sales from
competitors like Microsoft (NASDAQ: MSFT ), Hewlett-Packard (NYSE: HPQ ), and
Dell (NASDAQ: DELL ). Corporate clients will purchase, according to Forrester,
$10 billion in iPads and $9 billion in Mac computers over the course of 2012.
Apples corporate business will continue to grow into 2013, with the company
expected to sell $16 billion in iPads and $12 billion in Macs. Forrester
believes Apple sold just $6 billion in Macs and another $6 billion in iPads in
2011. Analyst Projects 5.5 Million in Sales of Kindle Fire for Last Quarter: It
may not be moving on the scale of the iPad, but Barclays analyst Anthony
DiClemente believes that Amazon s (NASDAQ: AMZN ) Kindle Fire is no slouch in
the sales department. According to a report posted Monday by All Things Digital
, the analyst raised his sales estimates for Amazons tablet from 4.5 million
during the holiday quarter to 5.5 million. He also believes Amazon will sell
18.4 million Kindle Fires in 2012 and that by 2014 the Kindle line of products
will generate an additional $3.9 billion in electronic spending through Amazons
numerous services. As of this writing, Anthony John Agnello did not hold a
position in any of the aforementioned stocks. Follow him on Twitter at
No comments:
Post a Comment