Russian billionaire Alisher Usmanov has revealed that he recently spent $100 million on Apple shares in anticipation that they will rebound. The 59-year-old believes that Apple is a “very promising” investment, despite the current share price being almost 40% off its peak last September.
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.
Foxconn sales declined 19% during the first quarter of 2013, and “disappointing” demand for Apple’s iPhone is getting the blame, Reuters reports. Between January and March, the company’s sales totaled NT$808.97 billion ($26.96 billion), down from NT$988.24 billion ($32.99 billion) in the fourth quarter of 2012, and NT$1 trillion ($33.38 billion) a year ago.
Topeka Capital analyst Brian White received some criticism last week when he revealed in a note to investors that he expects Apple’s much-anticipated television set to come with a “mini iTV” tablet and an “iRing.” But rather than going into hiding until the whole thing is forgotten about, White has revealed his predictions for the iPhone 5S.
The device will be available with “at least” two screen sizes, White claims, giving those who might switch to Android for a larger display a reason to stick with the iPhone.
Brian White, an analyst with Topeka Capital Markets, brings us a crazy new rumor about the much-anticipated Apple television today following recent meetings with supply chain sources in China and Taiwan.
White claims that the “iTV” will finally launch during the second half of 2013, and that it’ll come with a miniature device called the “iRing”, which the user will wear on their finger to act as a pointer. The device will enhance the motion detection experience and take over some of the functions of the traditional remote control, apparently.
Apple is gearing up to send its much-anticipated “iTV” into mass production during the second half of this year, according to sources in the Cupertino company’s supply chain, who have been speaking to DigiTimes. The set will reportedly boast a 4K “Ultra HD” display with a 3840×2160 resolution, and it’ll be controlled by voice and motion.
Martin Hajek creates concepts of imaginary Apple products that I always think look pretty good, but have no thought given to usability. For example, his iWatch concept the other day, which basically shrinks an iPad mini to the size of an inch and doesn’t even try to imagine how such a design wouldn’t suck… but hey, it has a leather band!
His new iTV concept for Dutch site iCreate is a similar affair. The black, chamfered design of the device looks very beautiful, but nothing after that makes any sense. It’s like this guy has never even used a television before, right down to the fact that he envisions the iTV as having a Camera app (why?) but not one for either TV or Videos.
More pictures after the jump. I advise Apple to perhaps take the look, but not the UI.
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.
It’s been a crazy day of rumors. Rumors about iPhone 5 sales slipping, the iPhone 5S coming out this summer, an Apple TV event in March, an iTV launch in September, and something about the 4.8-inch iPhone 6 being “delayed” until 2014. Busy day… but all of that info came from one guy, Peter Misek. And that guy is basically the Digitimes of analysts when it comes to correctly predicting Apple’s next move.
As an analyst for Jefferies, Mr. Misek has a long and comical history of making some crazy claims about Apple’s future plans. Who can blame him? It’s his job to predict the future of Apple so investors can make decisions. The problem is a huge amount of his predictions were wrong, especially when it comes to the Apple HDTV, where Misek has (so far) been almost universally off-point.
Here’s a run-down of some of Misek’s “greatest” predictions.