Aug 10 2009, 12:55pm CDT | by Robert Evans
If you're looking to pick up some Apple stock, now might be the time. AppleInsider reports that UBS has just issued a short-term 'Buy' rating for Apple, and expects its stock to raise from $160-$170. Maynard Um, one of their analysts, was somewhat less bullish. He gave the stock a neutral rating, primarily due to fluctuating component prices.
Um also stated that the announcement of a Verizon Wireless product, AKA the iTablet, would change his opinions on Q4 Apple stock. There has been quite a bit of speculation that Apple's new tablet will be a 4G machine, and that Verizon will be its carrier. If this ends up happening, it could greatly alter Apple's Q4 revenue.
The analyst noted that Apple's fourth-quarter gross margins are often their lowest of the year. It's possible that the recent release and robust sales of the iPhone 3GS will offset this, but Apple still has the rising cost of components to worry about. The upcoming release of a new generation of iPods could tip things back in Apple's favor, but lagging iPod sales make this far from a guarantee.
Whatever happens in Q4 won't change the fact that Apple has had one of their best years in history. Snow Leopard pre-orders are through the roof, the iPhone 3GS has been an enormous success, Mac sales are doing well, and in general Apple has weathered the recession far better than they had any right to.
Source: The Edge Singapore
The excitement about new smartphones, tablets and anything mobile drive Robert to unearth the latest rumors and developments in this fast moving space. He adopted 4G as soon as it become available and knows where the mobile market is going.
Robert can be contacted directly at email@example.com.
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The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.
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