After spending most of his career covering Apple and other tech companies, Gartenberg is now batting for the other team. He has reportedly accepted a job on Apple’s own marketing team, and he now reports to Phil Schiller.
Jefferies & Co.’s Peter Misek is our favorite know-nothing analyst, having been proven hysterically, horribly wrong on about every major Apple prediction he’s ever made. He’s probably safe on this prediction, though: even Misek doesn’t think Apple’s going to surprise us with a new iPhone in June. But he’s still kind of an idiot, since it directly contradicts his own prophecies back in December.
In Apple’s latest earnings call, CEO Tim Cook was suddenly equivocal about whether or not Apple would do an iPhone with a larger display.
“Our competitors have made some significant tradeoffs in many of these areas to ship a larger display,” Cook said on the earnings call. “We would not ship a larger display iPhone while these tradeoffs exist.”
What that hints is Apple doesn’t have a larger screen iPhone in its pipeline yet, but they’re working on one, without any of the tradeoffs of the competition. (What these tradeoffs actually are in Apple’s mind are anyone’s guess.)
A new analyst report suggests that this larger screen iPhone will be the iPhone 6, and it will land in summer of 2014. This year, we’ll just have to deal with an iPhone 5S in a bevy of peacock fan of different color options.
Apple will announce its second quarter financial results at 5 p.m. EST today, and this could be one of the company’s most interesting earnings calls for some time. Wall Street has been less than optimistic about the Cupertino company’s recent performance, and some believe that Apple will post its first quarter of negative growth income for over a decade.
But some analysts are a little more positive. According to averages put together by Yahoo! Finance, Apple is likely to announce revenue between $41 billion and $43 billion for the second quarter, with margins between 37.5% and 38.5%.
I’ve been writing for Cult of Mac for almost three years now, and in that time I’ve covered some pretty farfetched Apple rumors. But the latest from Forbes comes with a whole new level of crazy.
“Some Wall Street sources close to some Apple executives” say the Cupertino company could be searching for a replacement for Tim Cook, it claims, before suggesting Cook could turn Apple into another Hewlett-Packard or JC Penney and insisting “Apple’s shine has faded” since the passing of Steve Jobs.
Apple’s quarterly profit probably fell for the first time in over a decade, thanks to new products with lower profit margins and a slowing demand for the iPhone, Bloomberg reports. Fourteen analysts have reduced their estimates for Apple in recent weeks, and on Friday, the Cupertino company’s share price fell below $400 for the first time since December 2011.
Like a psychic, the bread and butter of most analysts is to make wild predictions to their clients and then, when they don’t come true, pretend like those predictions were never made to begin with. When that fails, another ploys analysts, like psychics, sometimes use is overly vague predictions that could literally be fulfilled by anything.
Morgan Stanley analyst Katy Huberty’s latest bit of soothsaying falls into the latter cam: she claims that after meeting with Apple management recently, she feels quite certain that Apple could release a “killer app” this year. Only one, Katy?
Earlier this week the web was assaulted with a bevy of horribleApple rumors from analyst Peter Misek. Along with claiming that Apple was going to have an Apple TV SDK event in March, Misek said Apple’s 4.8-inch iPhone will launch next year, and that iPhone 5 sales are slipping.
It only took a few minutes before Misek’s B.S. was shot down, so rather than launching his own barrage of crappy Apple TV rumors, Piper Jaffray’s analyst, Gene Munster, decided to tell investors he has no idea what Apple’s got up it’s sleeve right now, but there’s surely something.
Apple will announce its quarterly earnings for the 2012 holiday season tomorrow, and investors are nervous. The company’s stock has been on quite the roller coaster ride since its $700 high back in September 2012. AAPL is now trading right around $500, which is the lowest it has been in more than six months.
Recent reports have said that demand for products like the iPhone is faltering. That’s why it may come as a surprise that Wall Street expects Apple to have its best earnings report ever tomorrow. So is it a good time to sell AAPL? Now may actually be the best time to buy.