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Apple Inc. (AAPL)

  • Aug. 19, 2012, 6:49 PM
    Motorola Mobility is counter-suing Apple (AAPL) again: the Google (GOOG) unit claims iOS devices infringe on 7 of its patents, and wants ITC import bans. But this time, Motorola (like Apple in its many suits) isn't suing over standards-essential IP that might need to be licensed on FRAND terms, but software patents covering features such as e-mail notifications and Siri. "We would like to settle these patent matters, but Apple's unwillingness to work out a license leaves us little choice," says Motorola. (Posner on software patents)
  • Aug. 19, 2012, 4:34 PM
    Could tablets eventually cannibalize smartphone sales? In spite of the obvious arguments against the idea - a tablet can't fit in your pocket, and holding one against your ear is uncomfortable - it's gaining believers, thanks to the popularity of 7" tablets and Samsung's (SSNLF.PK) 5.3" Galaxy Note (just passed 10M sales), as well as video-calling and VoIP tablet apps. Samsung is reportedly prepping a 5.8" device that would further blur the line between smartphone and tablet.
  • Aug. 19, 2012, 3:08 AM
    Apple (AAPL) and Samsung (SSNLF.PK) are set to let a jury decide the full scope of their U.S. patent dispute on Tuesday after being unable to meet the demand of the judge in their trial to narrow the lawsuit in negotiations. Judge Lucy Koh had also asked the companies' CEOs to meet before the jury begins deliberations.
  • Aug. 17, 2012, 5:55 PM
    AT&T (T) once more provokes a consumer backlash by stating Apple's (AAPL) FaceTime video-calling app can only be used over its network by users subscribed to a costly shared data plan. "Exceptionally hostile to net neutrality," declares The Verge. Perhaps it's fitting the move comes a day after BGR argued AT&T was more inept at PR than Verizon (VZ), in light of the latter's ability to win regulatory approval for its spectrum purchases, and the former's failure to do so for the T-Mobile acquisition.
  • Aug. 17, 2012, 11:14 AM
    Only 3 weeks after falling on an earnings miss, Apple (AAPL +1.1%) is trading near its highs. Today's gains come with the help of Jefferies' coverage launch, and in spite of a report China Unicom (CHU) is thinking about ending iPhone subsidies. This isn't as big of a deal in China, where a large chunk of iPhone purchases are unsubsidized, as it is in the U.S., but could still have some impact on sales. The report follows one earlier this month claiming Unicom is thinking of slashing low-end Android subsidies.
  • Aug. 17, 2012, 8:21 AM
    Apple (AAPL) is reiterated as a Conviction Buy by Jefferies' Peter Misek, who also raises his price target to $900 from $800. Checks show the iPad Mini and the iTV have gone into production, and further data indicate expected iPad builds have been substantially bumped for the rest of the year. The $900 PT comes from slapping a 12X multiple (ex-cash) on expected FY13 EPS.
  • Aug. 16, 2012, 7:36 PM
    More on Apple's set-top box hopes: "People briefed on Apple's plans" now tell the WSJ Apple wants to give users of its box the ability to watch TV shows any time they want through a cloud-based DVR service that would automatically store every show. This feature would require new content licensing deals with Hollywood. Also, Apple's box might feature an iPad-like user interface and (unsurprisingly) social media capabilities.
  • Aug. 16, 2012, 6:55 PM
    "If Apple really wanted to change the way people watched TV, it would change the way people paid for TV," says Peter Kafka. But that's not happening, since "the TV industrial complex" isn't willing to play ball, and the industry's dynamics are very different from mobile. Hence the current stalemate over Apple's (AAPL) TV and set-top box ambitions. The longer it drags out, the more time the Xbox (MSFT) has to strengthen its living room lead.
  • Aug. 16, 2012, 5:00 PM
    The Apple-Samsung war entered full circus mode today as witnesses took the stand. An "accounting expert" argued Samsung (SSNLF.PK) should pay just $27K (no typo) for use of Apple's (AAPL) patents (previous), since that's what he thinks it would cost Samsung to design around them. Later, a frustrated Judge Koh told an Apple attorney he should know better than to ask for a long list of witnesses "unless you are smoking crack." The attorney denied doing any such thing. Closing arguments are due on Tuesday.
  • Aug. 16, 2012, 12:22 PM
    Apple (AAPL) news roundup: 1) A 14A filing from buyout target and new R&D partner AuthenTec (AUTH) indicates Apple has been discussing developing "new technology" with AuthenTec since late 2011. All signs point to the technology being 2D fingerprint sensors. 2) An iPad Mini part has finally leaked (previous), suggesting production has or is about to commence. 3) Apple retail chief John Browett claims recent rumors of layoffs are false, and says scheduling issues are to blame. (Apple set-top box: I, II)
  • Aug. 16, 2012, 10:47 AM
    More on Apple's (AAPL) set-top box: though Apple is in talks with cable providers, no deals have been reached. One issue: cable operators have been obsessed with controlling set-top interfaces. Moreover, unlike music studios, they haven't suffered enough from online distribution to upend their business models. Sources claim Apple's tech could eventually go into in a TV set, and prototype sets have been developed - past rumors have suggested pay-TV providers are testing them. But squabbles over control and content deals could get in the way here as well.
  • Aug. 16, 2012, 4:13 AM
    Samsung (SSNLF.PK) is due to launch its Galaxy Note 10.1 tablet in the U.S., U.K. and South Korea today as it looks to break Apple's (AAPL) stranglehold. While the Galaxy Note 10.1 differs from the iPad with its stylus and ability to have two apps active on a split-screen, it's not cheap at $499 for 16 GB and WiFi only, sparking doubts about its ability to succeed. (review)
  • Aug. 16, 2012, 3:39 AM
    Apple (AAPL) is in talks with Time Warner Cable (TWC) and other leading cable operators about building a set-top box that allows viewers to watch live broadcast TV and other content, the WSJ reports. That would be a major upgrade from Apple's existing product, which doesn't carry network TV, and represent a major breakthrough in the company's attempts to conquer the living room.
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  • Aug. 15, 2012, 2:43 PM
    As Samsung (SSNLF.PK) continues making counter-arguments in its closely-watched California trial with Apple (AAPL), Judge Lucy Koh is calling on the combatants to try once more to reach a settlement."I see risk here for both sides if we go to a verdict," says Koh: her rulings have shown a pro-Apple tilt thus far, but the case will ultimately be decided by a jury. A prior meeting between Apple and Samsung's CEOs apparently failed to accomplish anything.
  • Aug. 15, 2012, 12:53 PM
    More on Apple: 1) A source tells 9to5 Mac the iPad Mini will "look like a large iPod Touch with smaller side bezels." But not everyone is convinced, given the ergonomics issues. 2) The Korea Times reports local carriers SK Telecom (SKT) and KT are trying to convince Apple to have the next iPhone support one of the 4G frequency bands they're using. 3) An inforgraphic on Apple Stores notes they average $49M/year in annual sales, and generate $420K in revenue per employee.
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  • Aug. 15, 2012, 12:36 PM
    The next iPhone (AAPL) will be "the most impactful device in Apple's history," predicts FBR's Craig Berger: he thinks the product could be good for 50M-52M builds in calendar Q4, and over $50/share in earnings over its lifetime. Berger expects baseband and power management chip supplier Qualcomm (QCOM - previous) to be a major beneficiary, and also sees Fairchild (FCS) and NXP (NXPI) gaining chip content relative to the 4S. Many analysts are expecting blowout Q4 iPhone sales.
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Company Description
Apple Inc designs, manufactures, & markets mobile communication & media devices, personal computers, & portable digital music players, & sells a variety of related software, services, accessories, networking solutions, & third-party digital content.
Sector: Technology
Country: United States