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Apple Inc (AAPL): Earnings Blowout

|Includes: Apple Inc. (AAPL)
Kaufman Bros. analyst Shaw Wu lifted his EPS estimate for the fiscal first quarter to $2.15 from $1.99; his revenue forecast goes to $12.43 billion from $11.66 billion. For the September 2010 fiscal year, he goes to $44.39 billion and $7.40 a share, from $41.74 billion and $6.80.
Wu also confirmed his buy rating and lifted his price target to $253, from $235. Wu expects Apple to report shipments of 2.9 million Macs and 22 million iPods.
Apple: December Qtr EPS Blowout?

Apple after the breakout of the upper trendline has developed a negative divergence of the %b indicator. The force index indicator, howeve, is still positive. If prices re-enter trading range ($208), it would be a negative signal. I would not be a buyer at this level because if this breakout is a bull trap...

See my old post about Apple:
Apple Inc (NASDAQ:AAPL): A New Tablet for Apple

Last news about Apple:
- A report suggested the company might be getting ready for a tablet computer, a product between a laptop and an iPod Touch. The news is not really new and came out already a few weeks ago when Oppenheimer issued a note on the subject.
- JP Morgan Securities raised its price target on Apple Inc by 4.5 percent, citing better-than-expected growth momentum for Mac, iPhone and iPod.
Estimates were raised for the December quarter and price target to $230.
- Apple is asking the court to dismiss Nokia's complaints and enter a judgment in favor of Apple in which Nokia would be declared in breach of contract regarding the use of its wireless technology.
- China Unicom (NYSE:CHU) has recorded over 100,000 iPhones sold since the smartphone debuted in China forty days ago on October 30.
- one note (Oppenheimer & Co.) suggested that Apple tablet could be rolled out in March next year, competing with e- readers from Amazon.com Inc. (NASDAQ:AMZN), Sony and Barnes & Noble Inc. (NYSE:BKS).


Disclosure: no positions

Disclosure: no positions