Most analysts satisfied with Apple’s announcements, think AAPL stock will climb

Tim Cook

Big-name analysts seemed satisfied with what they saw and heard during Apple’s launch of the iPhone 6, Apple Watch and Apple Pay, reports Forbes. Summarising investor notes from a dozen major companies, Chuck Jones found the general feeling was that Apple had delivered what was expected.

The overall average of AAPL stock price targets was $109, against the current price of just over $100. Analysts pointed to a range of factors in forming their views, among them …  Read more

Analysts revise estimates ahead of Apple’s Q4 earnings call

Apple is all set to announce its fiscal Q4 financial earnings today, during a conference call with company executives scheduled for 2 p.m. PST/ 5 p.m. EST. iPhone 5 sales are expected to be a topic of conversation, of course, while recent predictions from 59 analysts provided an average estimate of 26.3 million iPhones total for the quarter. Today, Forbes posted revised estimates from 36 of the analysts that also includes predictions for iPhone, iPod, Mac, and other product sales.

A few things we already know from CEO Tim Cook’s announcements during the iPad mini event: 5 million iPhones 5s sold during opening weekend, 3 million new iPod nano and touch units sold, and 200 million iOS 6 devices. Cook also noted the company has now sold 100 million iPads in 2.5 years and more iPads in June than any PC manufacturers’ entire PC lineup.

In Q3 Apple reported revenues of $35 billion. As for Q4, Apple predicted during its last conference call that revenues for the fourth quarter would be around $34 billion with diluted earnings per share of about $7.65. Today, Forbes pointed us to updated estimates from Wall Street showing a consensus of $8.81 on sales of $36.02 billion.

Forbes has also posted revised estimates from 36 analysts (below). Among the 20 pros in the group, the average estimate is $8.75 on sales of $35.51 billion. The independents, on the other hand, have earnings of $9.66 on sales of $37.23 billion.

As you can see from the chart of the 36 analysts below (pros in blue), the high-end of iPhone estimates hit the 32 million-unit mark, while one independent has Mac sales as high as 5.70 million units:

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More than $60,000 worth of ‘computers and personal items’ stolen from Steve Jobs home

Update: List of items stolen (and returned)

According to a report from MercuryNews, suspects are now in custody for the recent burglary of the Silicon Valley home of Steve Jobs that contained more than $60,000 worth of computers and personal items:

The deceased Apple co-founder’s home on the 2100 block of Waverley Street in Palo Alto was burglarized July 17, said Santa Clara County Deputy District Attorney Tom Flattery, a member of the high-technology crimes unit…More than $60,000 worth of “computers and personal items” were allegedly stolen, but Flattery declined to say whether they belonged to Jobs, who died last year at the age of 56, or another family member.

Weeks after the burglary on July 17, police arrested Kariem McFarlin, 35, who is currently in jail on $500,000 bail, but other specific details regarding the crime are not available. We know that Laurene Powell Jobs and family were likely not living in the home at the time of the robbery, as during July the property was undergoing renovations with construction barricades and scaffolding surrounding the house. Forbes snapped photos of the property under construction (below) on July 4:

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Analyst: First Apple HDTV will be integrated into next-gen iMacs (unlikely)

There has been no shortage of analyst reports regarding an Apple branded HDTV that the company is rumored to have already started work on. Some are calling for a late 2012 launch, but up until now, all have imagined the device as a standalone HDTV. Wedge Partners analyst Brian Blair offers up another concept, claiming Apple will introduce a next-gen iMac with TV capabilities that will act as a transitional device before jumping head first into the TV business. The device would essentially integrate iCloud and Apple TV features, in addition to traditional TV hardware, into the larger 27-inch iMac design. Blair explains (via Forbes):

We think this makes sense because while we typically think about the newest TV’s hanging on the wall in large form factors, Apple could effectively start with what they already have on the manufacturing line and slowly push their offering from 27 inches and scale up from there to 32 inches and then move on to the 42, 50 and 55 inch market. In short, we believe the initial Apple TV is their iMac computer that can function as a TV, over the iCloud platform.

While this appears to be entirely speculation at this point, he makes much of his case based on the fact Apple already has the 27-inch iMac in production. We know Apple killed Front Row in Lion, while at the same time introducing iOS-like functionality like Launchpad. The 27-inch iMac is already an excellent display for consuming video content, but how conventional TV features might be baked into Lion is yet to be seen.

We’re pretty sure the Apple HDTV, if it comes to pass, will be based in iOS.  It will also be a living room experience unlike the up-close experience of an iMac.  Also, Apple seems to be going away from using its Mac Hardware as a TV device killing both Front Row and the included remote on many of its products.  Therefore we think this speculation is off. Read more

Steve Jobs laid to rest in Alta Mesa Memorial Park Friday afternoon

Steve Jobs was buried in the Alta Mesa Memorial Park in Palo Alto, California Friday afternoon according to information discovered by Forbes. The memorial park where he was laid to rest includes many other technology greats like HP’s co-founder David Packard and engineer Lewis Terman who were partners with Walter Hewlett — who gave Jobs’ his first summer job at the age of 13.

The site might be a nice place to visit and pay your respects in the years ahead if you are into that sort of thing.

Apple plans on holding a company wide memorial event October 19th to celebrate Steve Jobs’ life, Tim Cook announced in a company wide email yesterday.

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Analyst: Apple to sell 22 Million iPads in 4th Quarter

Another day, another analyst making bold predictions about Apple. Though this time it’s the usually accurate Jason Schwarz. In a post on SeekingAlpha.com (via Forbes) Schwarz writes:

“With the era of the laptop coming to an end how should we extrapolate Apple’s recent quarter of 9.25 million iPads into the holiday quarter? It’s logical to assume that the iPad will mirror the growth that the iPhone experienced in 2010 as it grew from 8.4 million units sold in Q2 to 16.2 million in Q4, 92% growth. We also take into consideration the 183% year over year growth that the iPad experienced in its most recent quarter to come up with a forecast of 21.9 million iPads to be sold in this year’s holiday quarter.”

2011 has been a difficult year for Apple’s tablet competitors. HP recently halted production of their WebOS powered TouchPad device after only three months on the market (though it has been selling well at $99). Blackberry’s new PlayBook has been panned by many reviews. Android manufacturers have been sued by Apple for violating many of their software patents. Even laptop manufacturers are starting to feel the pain of the increasingly popular and powerful tablet. Traditionally the holiday quarter has always been the strongest for Apple. Furthermore, we would be remiss to leave out the very unlikely possibility of a rumored iPad holiday refresh. Such an event, though unlikely, could help push these numbers into the stratosphere.

It’s pretty amazing to see how far the iPad has come in such a short period of time. Starting out for many as “just a big iPod touch”, the device has matured and found a place in millions of homes throughout the world. The iPad has played a major role in defining and boosting the stagnant tablet market. Could it help boost that market beyond laptops in 2012? 22 million sales for the holiday quarter would certainly be a good start.

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Forbes profiles prolific Jailbreaker Comex

In a profile on Comex, the 19-year old who has on three different occasions cracked open the iPhone security completely, Forbes reveals the jailbreaker’s name and MO.  He’s Nicholas Allegra who lives with his parents in Chappaqua, New York and is on leave from Brown University.

On iPhone hacking, he says,

“It feels like editing an English paper,” Allegra says simply, his voice croaking as if he just woke up, though we’re speaking at 9:30 pm. “You just go through and look for errors. I don’t know why I seem to be so effective at it.”

His work has blown away his peers, if anyone can be labeled as such.

Dino Dai Zovi, co-author of the Mac Hacker’s Handbook, compares JailbreakMe’s sophistication to that of Stuxnet, a worm thought to have been designed by the Israeli or U.S. government to infect Iran’s nuclear facilities. He compares Allegra’s skills to the state-sponsored intruders that plague corporations and governments, what the cybersecurity industry calls “advanced-persistent threat” hackers: “He’s probably five years ahead of them,” says Dai Zovi.

Allegra says that 2 million iOS devices have been jailbroken with the third release of jailbreakme.com.  Forbes concludes, Apple should be offering up an internship to Allegra.

Internship?  How about a six figure salary and a corner office?
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