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Citi and Piper's reports are helping Apple (AAPL +3.1%) turn in another strong performance;...

Citi and Piper's reports are helping Apple (AAPL +3.1%) turn in another strong performance; shares are now up 16% from their Nov. 16 low. The gains come even though Pac Crest's Andy Hargreaves is slashing estimates (albeit keeping them above consensus) and predicting Apple's gross profit per iPhone unit has peaked after steadily rising for 5 years. Hargreaves now thinks the iPhone 5 will have a cost of goods sold of $370, up from a prior forecast of $353.
Comments (5)
  • with more market saturation, comes more ad revenue and itune sales. The time has come..its no longer about hardware(even though aapl is still doing FINE), but pushing media through your online store to all those users who own your device. Which is why AMZN is still sitting pretty with that HUGE PE.

     

    And APPLE users spend the most money on their devices, and there are millions of them.
    26 Nov 2012, 03:31 PM Reply Like
  • You are talking about P/E of AMZN- does it exits? Has anybody looked at the interest expense of AMZN and it does not show any long term debt and now S&P has termed AMZN to be stable re: to the new debt issue for AMZN.
    26 Nov 2012, 04:01 PM Reply Like
  • Lots of good research being reported about the robustness
    of Apple's sales and the domination of iOS users on the Internet. When Apple really cashes in on its ad business it will be another huge revenue stream. 2013 looks great for AAPL!
    26 Nov 2012, 03:55 PM Reply Like
  • Apple's best days are still ahead. Great business model in expanding markets and another game changer (iTV) on the horizon.
    26 Nov 2012, 05:11 PM Reply Like
  • investor focused on growth and tech.
    Apple will shock with last quarter. It's Tim's surprise and helmsman approval show.
    27 Nov 2012, 02:22 AM Reply Like
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