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Photo: Dan Frommer, Business Insider
AAPL Volatile In A Positive Market
Broader indices are higher on positive reports for consumer spending and Chicago PMI, but the NASDAQ is still negative on news of a chip design problem and outlook cut at Intel. Apple is trading sideways in the early hours after the open. Potential catalysts for the stock include news regarding Steve Jobs’ health and return; the rumoured second quarter launch of the next generation iPad; monthly NPD data (Mac / iPod business); iPhone sales updates as well as the launch of the iPhone 5 anticipated this summer; new revenue streams such as video, books, newspapers (The Daily) and social (Ping); moving iTunes into the cloud; and the continued evolution and adoption of Apple TV. Shares of Apple trade at 13x Enterprise Value / Trailing Twelve Months Free Cash Flow (incl. long-term marketable securities).Apple Drops To Number Five Worldwide Mobile Phone Vendor (CNet)
Though still among the top five mobile phone vendors worldwide, Apple has conceded fourth place to China’s ZTE, according to IDC’s Worldwide Quarterly Mobile Phone Tracker report. Apple shipped 16.2 million units, up from the 14.1 million units shipped in the third quarter and 8.7 million shipped a year ago. ZTE picked up business in developing areas and made further inroads in the U.S. and Western Europe shipping 16.8 million units. Nokia maintained the top spot despite a 2.4% slip in share.
Samsung Increasing Mobile Processor Production 4x For Apple (AppleInsider)
Samsung will reportedly boost its mobile application processor fabrication for Apple by a factor of four, producing more chips for the iPhone maker than it uses itself for competing products such as the Galaxy Tab and the Nexus S. Samsung has been a long time partner with Apple, despite also being rivals in several extremely important and strategic marketplaces. Apple’s own A4 processor was actually a joint development project with Samsung.
20-Three per cent Of iPhone Applications Are Paid, According To Survey (Appsfire)
A survey of 1,000 iOS devices reveal that the average user spends 84 minutes a day using on-device applications and 10 minutes on the web using web-based applications, according to Appsfire. Together with the 20 apps that come pre-installed on an iPhone, users have 108 apps loaded onto their iPhone with 23% of those being paid apps. Consider the source however, the survey was from users who’s iPhones are registered and synchronise with the Appsfire service. But oh how the mobile phone is changed. The average user spends only 10% of the time on telephony.
Investors Should Add A Mac Comeback To The List Of Reasons The Stock Will Continue To Work (The Motley Fool)
Fourth-quarter PC market-share data offers little to excite most of the hardware sector. Apple investors, however, are debating just how far the iPad and iPhone can take the stock. They should add the Mac comeback to the debate with impressive fourth-quarter market-share gains, even before Apple launched the Mac App Store. PC Magazine goes so far as to say, “This changes everything.”
Barclays Bets On Tech As The favourite Sector (The Wall Street Journal)
Kevin Gardiner, head of global investment strategy at Barclays Wealth unit, is backing technology stocks. His favourite sector at the moment, among equals, is the tech sector. It gives exposure both to the immediate excitement of economic recovery, but also to the longer-term trends in innovation that ultimately drive economic growth. Trends that are very visible currently around the areas of cloud computing, consumer electronics, the Internet and mobile-telecoms infrastructure. Names that he favours include Apple, ARM Holdings, ASML, EMC, Oracle and Qualcomm.