Here are your Apple rumors and AAPL stock items for today. Wall Street Analyst
Expectations Explode After Apples $46 Billion Quarter: Apple did well last
Christmas. Very well. Where the company was expected to rake in around $39
billion in total revenue, it actually earned $46.3 billion over the holiday
quarter. What pushed it over the top? The iPhone. Apple sold a total of 37
million iPhones during 2011s final quarter. The Wall Street consensus was that
it would sell 30 million. The company now has almost $100 billion in cash . With
Apples earnings erupting, analysts across the board are raising share-price
expectations for the company. Piper Jaffray analyst Gene Munster put a price
target of $670 on Apple shares. Morgan Stanley expects Apple to hit $600, while
UBSs target price is now $550. ISI Groups Brian Marshall expects shares to hit
$525, with an EPS of $41.50. iPad Sales Stay on Target Despite New Competition:
The iPhone isnt the only device in Apples stable to beat sales expectations last
quarter. Apple sold 15.4 million iPads, which, though not quite on par with the
companys crushing iPhone sales, handily beat Wall Street expectations of below
14 million . This figure is especially promising for the company as it faces off
against low-cost tablet competitors like Amazon s (NASDAQ: AMZN ) Kindle Fire.
When asked about the tablet competition during Tuesdays earnings call, CEO Tim
Cook, digging at both the Kindle and Barnes & Noble s (NYSE: BKS ) Nook, said
that he doesnt consider limited function tablet and e-readers to be in the same
category as the iPad, Apple to Hold Town Hall Meetings for Employees: A Tuesday
report from 9 to 5 Mac offers tantalizing hints that Apple is preparing its
workforce for the announcement of a new product. An email from CEO Tim Cook was
sent out to Apple employees following Tuesdays earnings call, congratulating
them on the companys successful holiday quarter. The email also said that a Town
Hall meeting would be held through the companys corporate Web portal on
Wednesday to discuss exciting new things going on at Apple. Steve Jobs typically
held these meetings prior to major product announcements, such as those for the
iPhone and iPad. Did Apple workers wake up to news about the Apple HDTV? The
iPad 3 or iPhone 5? Well know soon enough. As of this writing, Anthony John
Agnello did not hold a position in any of the aforementioned stocks. Follow him
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