Don't listen to the idiotic analysts. They have an agenda it is called flush your option money.
Largest Apple Store in Asia opens to crowds in Hangzhou, China
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19 minutes ago
Apple opened the doors to its new West Lake Apple Store in China on Saturday, letting throngs of eager customers into what is now the company's largest retail outlet in Asia.As promised earlier this week, Apple officially started sales at the West Lake Apple Store in Hangzhou, the first of five Chinese outlets to slated to open ahead of the Chinese New Year on Feb. 19.
The grand opening was celebrated by Apple CEO Tim Cook, who posted a rare tweet to mark the occasion.
"Starting Something New in Hangzhou, China!" Cook's tweet read, followed by the hashtag #AppleStoreWestLake. Cook seldom uses his social networking account to promote newly opened Apple Stores, but the Hangzhou location is an important first step in extending the company's reach into mainland China.
Last week, Apple SVP of Retail Angela Ahrendts revealed plans to open five Chinese stores before the Chinese New Year, the first being West Lake. Ahrendts' announcement is in line with Apple's lofty goal of opening 25 retail locations in China by the end of 2016.
As for the West Lake location itself, the store comes with all the trappings befitting a flagship Apple Store, including a Genius Bar and floor space for workshops and One to One personal training. Lectures are scheduled to start tomorrow featuring lessons on iPhone, iPad, Mac and iMovie for OS X.The building's design draws more than a little inspiration from the upcoming Union Square flagship in San Francisco, which also features a wide, open glass facade and a showroom floor split into two large levels.
Prior to Saturday's opening, Apple Store West Lake was covered by white protective barriers bearing the ancient Chinese poem "Praising West Lake in the Rain" as drawn by by noted calligrapher Wang Dongling, who was on hand for today's festivities. On Friday, Apple posted to its official YouTube channel a translated version of the store's promotional video, which features Wang offering an explanation of the 2,000-year-old poem and how it applies to Apple's new home in Hangzhou.
Last night UBS was so damn positive and with the same numbers expected both by UBS and DB those European can't find the guts to raise their f... Numbers. Yes iPhone will beat but we don't want to lose money on an option day so we will leave out b...s targets. This is criminal
Apple Inc. may be selling the higher-margin iPhone 6 Plus at a faster clip than it expected in China, according to new data,” Jennifer Booton reports for MarketWatch.
“A chart published Wednesday by mobile marketing company AppLovin shows that iPhone 6 Plus usage in the world’s largest consumer market is catching up to the smaller-screen iPhone 6,” Booton reports. “In AppLovin’s latest iPhone report, it said iPhone 6 to iPhone 6 Plus usage is at a ratio of 60/40 in China, up from 65/35 a few weeks ago, which indicates usage has shifted in favor of the Plus in recent weeks. The trend has also occurred in the U.S., though to a lesser extent.”
“This could spell ‘strong earnings for Apple’ in its coming quarter, which will reflect the launch of the two phones and the key holiday shopping season, according to AppLovin, which tracks smartphone usage.,” Booton reports. “This backs other bullish data from Wall Street analysts, including UBS, which said iPhone sales in China outstripped those in the U.S. during the December quarter for the first time, and Morgan Stanley, which estimated that the Plus’ profit margins are as much as 61% higher than the iPhone 6.”
Go to hell WS
Also today, Credit Suisse‘s Kulbinder Garcha reiterates the same Outperform rating and $130 target, writing that he expects Apple to turn in as much as $72.8 billion in revenue in the December quarter, and $2.97 per share.
Garcha thinks his higher iPhone estimates for the quarter are supported by data out of Asian manufacturers, and he sees higher gross profit this year from the iPhone:
For F1Q15, we expect strong iPhone volumes of 71.0mn (+81.0% q/q / +39.3% y/y), which we see support for following record Dec sales reported from Hon Hai and a positive preannouncement from Dialog Semiconductor. We assume that Apple sells 215mn/215mn iPhones in FY15/16. Furthermore, with a mix shift to higher memory and with the iPhone 6 Plus estimated to make up about 21% of total unit mix in FY15, our proprietary segmentation analysis shows that iPhone GP can grow by 42% or $18bn in 2015.Garcia also cites a survey of 4,000 iPhone users his firm conducted, suggesting upside for both the watch and for Apple’s Apple Pay payments system:
18% of iPhone 6/6 Plus users said they ‘will definitely buy’ the Apple Watch, suggesting almost double our current projection of 20 million is achievable 5.) 23% of iPhone 6/6 Plus users have used Apple Pay suggesting decent initial uptake.
January 21, 2015 12:37 PM
Apple: Oppenheimer, Credit Suisse See FYQ1 Beat, Apple Watch Momentum
By Tiernan Ray
Apple (AAPL) shares are up $1.84, or 1.7%, at $110.56, following a couple of positive notes this morning.
Oppenheimer & Co.’s Andrew Uerkwitz reiterates an Outperform rating on the stock, and a $130 price target, writing that as far as the March quarter report “consensus estimates have underestimated robust iPhone 6 sales and their impact to EPS.”Uerkwitz’s estimates for the fiscal Q1 being reported on Tuesday, January 27th, are $69.5 billion in revenue and $2.61 per share in net income. That is above the average $67.1 billion and $2.59 Street consensus.
Uerkwitz raises his estimates for the March quarter to $59.1 billion in revenue and $2.16 per share in EPS, up from $55.6 billion and $1.99. That is above consensus for $53.6 billion and $2.
The Street has got pricing wrong for the December quarter, he writes, but mind the volatility following Tuesday’s report:
We believe the Street has not accounted for enough ASP upside and unit growth for coming quarters. We anticipate higher volatility after AAPL reports its C4Q14, when analysts attempt to “call the top” based on the belief that momentum of iPhone 6 sales will be fully “priced in”; we believe the opposite.
Uerkwitz raised his estimates for this year and next as well.In addition the the reports, Uerkwitz sees little competition for the forthcoming Apple Watch:
Our trip to CES 2015 confirmed our view that Apple Watch is unlikely to have competition from other wearable and smartwatch makers. We believe its combination of creative user interface and hardware design will pose multiple-year leadership over competition, in similar ways to the iPhone. Spring Launches: We expect AAPL to release Apple Watch and an updated iPad of differentiated display size by March. We believe the enhanced product portfolio will effectively leverage Apple’s overwhelming ecosystem advantage and help the company to address a wider consumer and enterprise audience.
Go to bed. Your point is worthless. First I bet xiomi pays CNBC and Bloomberg for cheap promotion. Second xiomi is no threat to aapl. Those who have money buy a Mercedes. Does who don't buy Kia or something. The threat is to the b...s created by samscum. Did you care to read that aapl also opens 5 new stores in the coming weeks? Have you cared to read UBS a far more reliable source than that Indian guy. AAPL business in China are booming in fact aapl probably sold more phones in China than the US. Now you know now you can go to sleep and give a rest to your b,,,s pile of letters
Brian Blair with Rosenblatt Securities reiterates a Buy rating on Apple, and a $130 price target, writing that “we believe there is continued upside driven by significant iPhone unit upside for both the December and March quarters.”Blair, who’s modeling 72 million iPhones to be sold in the December quarter, thinks that after reviewing the likely production rate of the phone, “Apple continued to experience a ‘supply/demand’ imbalance for iPhone in nearly all of the 110+ markets it launched the iPhone 6 in, as we exited the year.”
That suggests to him upside in March:
This ‘imbalance’ from December leads to our most recent view on iPhone 6, which is that we believe iPhone units for the March period can be north of 60 million, potentially as high as 62-64 million. This would represent an 11% decline sequentially off of our 72 million December target. Historically, the iPhone sequential decline from December is 15%-20%. The only deviation from this range in the last 5 years was with the iPhone 4S, which only saw a 5% decline from December 2011 to March 2012. Looking ahead for CY 2015, we estimate Apple can sell 220 million units, representing 16% y/y growth.
AAPL can go to 130-140$ and maybe go down to mid 80$ so he covers himself for what reason he has. If AAPL goes up look he will say I saw that coming if AAPL goes down he will say look I saw that so makes an average price what a pathetic analyst.Ranked as one of the worst this guy thinks he is geniust
Oh shut up this guy also called last year for AAPL iPhone flat with no catalyst that guy wrong for so many time and all the time there are some fools who listen to this while you get an upgrade no one cares
One big b...s. Strange that the shameless aapl hater CNBC puts a headline but the analysts there say it is a threat to shamscam. Those who can afford a phone buys an iPhone. There is a huge spike in iPhone popularity according to ubs. So don't buy the CNBC paid by xiomi b...s
Nothing that is so damn frustrating with 10 upgrades from last month and nothing.