{"id":522538,"date":"2010-04-09T12:00:00","date_gmt":"2010-04-09T16:00:00","guid":{"rendered":"http:\/\/www.tbiresearch.com\/the-apple-investor-wall-street-pounces-on-stunning-iphone-sales-news-2010-4"},"modified":"2010-04-09T12:00:00","modified_gmt":"2010-04-09T16:00:00","slug":"the-apple-investor-wall-street-pounces-on-stunning-iphone-sales-news-aapl","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/522538","title":{"rendered":"THE APPLE INVESTOR: Wall Street Pounces On Stunning iPhone Sales News (AAPL)"},"content":{"rendered":"<p><em><strong>The Apple Investor<\/strong> is a daily report from <a href=\"http:\/\/www.tbiresearch.com\/\">TBI Research<\/a>. <a href=\"http:\/\/www.businessinsider.com\/apple-investor-newsletter-2010-2\">Sign             up here to receive it by email<\/a>.<\/em><\/p>\n<hr \/>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4bbe08257f8b9a2473b50200-364-273\/heather-leonard.jpg\" border=\"0\" alt=\"Heather Leonard\" width=\"364\" height=\"273\" \/>AAPL Keeps Rising<\/strong><br \/>Shares of AAPL up again this morning as Steve Jobs suggested that iPhone sales exceeded expectations in Q1.  Apple currently trades at the high-end of the   tech group at 20x estimated fiscal-year 2010 EPS and <a href=\"http:\/\/spreadsheets.google.com\/pub?key=pYFPEp3S18PS8tqEPoSK5Jw&amp;gid=22\" >19x  Enterprise  Value \/ Trailing Twelve Months Free Cash Flow<\/a>.  Catalysts down the road  include March quarter results on  Tuesday, April 20 (after close); March NPD data on Mac unit  sales; and the launch of  the next generation iPhone this  summer.<\/p>\n<p> <strong><a href=\"http:\/\/blogs.barrons.com\/techtraderdaily\/2010\/04\/08\/apple-jobs-hints-that-march-quarter-iphone-sales-beat-street\/\">Wall  Street Jumps On Steve Jobs Hint About Massive Second Quarter iPhone  Sales<\/a> (Barrons)<br \/> <\/strong>At the unveiling of the iPhone OS 4 yesterday, Steve Jobs said the company has sold 50 million iPhones. This suggests Q1 sales were about 7.8 million, in line <a href=\"http:\/\/www.businessinsider.com\/henry-blodget-apple-iphone-sales-blew-the-doors-off-in-q2-hints-jobs-2010-4\">with  the most bullish estimates on Wall Street<\/a> and well above the 6.5 million consensus.<\/p>\n<ul>\n<li><strong>&nbsp;Credit Suisse analyst Bill Shope recently revised his iPhone sales  units forecast to 7.41 million in the quarter and believes his number is &#8220;fairly  close to actual shipments.&#8221; <\/strong>He also believes third and fourth quarter  estimates are conservative. Apple is Shope&#8217;s top stock pick (he is telling  investors to continue to build positions). Shope reiterates his  Outperform rating and 12-month price target of $300.<\/li>\n<li><strong>Citi&#8217;s Richard Gardner is at the low end of consensus estimates for the quarter (6 million iPhone sales).&nbsp;<\/strong> Gardner says that for every 1  million iPhone unit sales, Apple adds approximately $0.28 to EPS (12% gain).  Since the company implied it has sold between 7 &#8211; 8 million during the  quarter there could be upside to Gardner&#8217;s estimates of $0.28 &#8211; $0.56. However, Gardner did  not officially change estimates.<\/li>\n<\/ul>\n<p><strong><a href=\"http:\/\/www.businessinsider.com\/the-seven-big-things-apple-just-announced-for-the-iphone-2010-4\">The   Cat&#8217;s Out Of The Bag, Here&#8217;s What You Can Do On The New iPhone OS<\/a> (Business Insider)<\/strong><br \/> In case you missed the announcement  yesterday, Steve Jobs outlined  what&#8217;s coming in the next version of the  iPhone operating system. He  said there will be 1,500 new APIs  (application programming interface)  for developers. Of which, he  highlighted seven big new features:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-seven-big-things-apple-just-announced-for-the-iphone-2010-4\/multitasking-is-coming-to-the-iphone-sorta-1\">Multitasking<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-seven-big-things-apple-just-announced-for-the-iphone-2010-4\/apple-is-adding-folders-to-organize-your-apps-2\">Folders    to organize apps<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-seven-big-things-apple-just-announced-for-the-iphone-2010-4\/a-unified-inbox-so-all-your-email-comes-to-one-place-3\">A   unified inbox<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-seven-big-things-apple-just-announced-for-the-iphone-2010-4\/ibooks-is-now-on-the-iphone-4\">iBooks    is coming to the iPhone<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-seven-big-things-apple-just-announced-for-the-iphone-2010-4\/more-for-the-enterprise-5\">More    features for the enterprise<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-seven-big-things-apple-just-announced-for-the-iphone-2010-4\/a-social-network-for-gaming-6\">A   social network for gaming<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-seven-big-things-apple-just-announced-for-the-iphone-2010-4\/the-biggest-news-is-the-iad-7\">Mobile    advertising with iAds<\/a><\/li>\n<\/ul>\n<p><strong><a href=\"http:\/\/paidcontent.org\/article\/419-iad-solves-some-problems-with-mobile-ads-but-not-the-most-important-one\/\" >iAd Success Will Be Limited Because It Is A &#8220;Self-Interested  Service&#8221;<\/a> (paidContent)<br \/> <\/strong>David Kaplan at paidContent believes Apple&#8217;s new ad platform, iAd,  will be limited for two main reasons: 1) &#8220;the lack of standard metric for  mobile advertising&#8221; and 2) the fact that it is an &#8220;app-centric&#8221; platform.  The lack of standard could be one reason why mobile advertising remains fairly immaterial. The other big obstacle is that  iAd is based on applications and Kaplan argues that a majority of  smartphone users don&#8217;t use an iPhone. Fine, but 50 million iPhone units  sold with another version launching this summer isn&#8217;t too shabby. Just  wait until the Verizon iPhone is launched. We should also point out that <a href=\"http:\/\/www.businessinsider.com\/a-googlers-take-on-apples-new-iad-2010-4\">most  ads are built in Flash<\/a>, currently unsupported by the iPhone.<\/p>\n<p><strong><a href=\"http:\/\/moconews.net\/article\/419-steve-jobs-heres-how-apple-will-beat-google-at-mobile-advertising\/\" >Apple Is Going To Crush Google In Mobile Advertising, Argues One Pundit<\/a> (mocoNews)<\/strong><br \/> Steve Jobs said that most people don&#8217;t search on their phone by using a web browser, the bread and butter of Google&#8217;s business. Instead they are  using applications &#8211; the foundation of the iPhone. The fundamental  difference with iAd versus other mobile ad platforms is that it is built  into the operating system, providing developers another revenue stream beyond download sales. iAd will be available this summer for the iPhone and this fall  for the iPad. Maybe by then we will know the <a href=\"http:\/\/www.businessinsider.com\/ftc-gets-a-team-together-to-block-googles-admob-deal-2010-4\">fate  of Google \/ AdMob<\/a>.<\/p>\n<p><strong><a href=\"http:\/\/www.cnbc.com\/id\/36281865?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&amp;par=yahoo\" >In Its Quest For World Dominance, Apple Will Take Over  The Gaming World As Well<\/a> (CNBC)<\/strong><br \/>Yesterday, Apple also  unveiled its new Game Center in it&#8217;s effort to take over the $10 billion  gaming market. Features include; automatic in-game matchmaking (which  allows players to easily find one another), leaderboards (compare  scoring) and achievements (for the braggarts out there). All of these  features have proven successful for other gaming leaders, Microsoft  (Xbox 360) and PlayStation 3 (Sony). These features could attract new  gamers as well as convince those that haven&#8217;t participated.<\/p>\n<p><a href=\"http:\/\/www.tbiresearch.com\/the-apple-investor-wall-street-pounces-on-stunning-iphone-sales-news-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.tbiresearch.com\/apple-investor-iphone-announcement-1pm-et-wall-street-going-nuts-2010-4\">THE APPLE INVESTOR: iPhone Announcement 1PM ET, Wall Street Going Nuts<\/a><\/li>\n<li><a href=\"http:\/\/www.tbiresearch.com\/apple-investor-is-the-big-verizon-announcement-coming-tomorrow-2010-4\">Apple Investor: Is The Big Verizon Announcement Coming Tomorrow?<\/a><\/li>\n<li><a href=\"http:\/\/www.tbiresearch.com\/apple-investor-cramer-says-buy-buy-buy-2010-4\">Cramer: The &quot;iPad Is Addictive As Oxycontin&quot;<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/D-YWYCjH9EM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Apple Investor is a daily report from TBI Research. Sign up here to receive it by email. AAPL Keeps RisingShares of AAPL up again this morning as Steve Jobs suggested that iPhone sales exceeded expectations in Q1. Apple currently trades at the high-end of the tech group at 20x estimated fiscal-year 2010 EPS and [&hellip;]<\/p>\n","protected":false},"author":412,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-522538","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/522538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/412"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=522538"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/522538\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=522538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=522538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=522538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}