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AAPL Down With Market
Stocks are down today after posting the big gains yesterday, and as the February jobs report came in in line with expectations, while oil prices shot to $103 per barrel. Shares of Apple are also down but fluctuating close to the flatline. Upcoming catalysts for the stock include news regarding Steve Jobs‘ healthy return; the March 11 launch of the next generation iPad; monthly NPD data to gauge Mac / iPod businesses; iPhone sales updates on new carrier Verizon as well as the launch of the iPhone 5 anticipated this summer; new revenue streams such as video, books / publishing and social (Ping); moving iTunes into the cloud; and the continued evolution and adoption of Apple TV. Shares of Apple trade at 14x Enterprise Value / Trailing Twelve Months Free Cash Flow (incl. long-term marketable securities).In Case You Were Under A Rock On Wednesday, Apple Launched The Next-Gen iPad (Business Insider)
What you need to know from the event:
- Steve Jobs launched the product to a standing ovation. He also commented that the tablet is a “post-PC device” and that most of Apple’s competition is thinking about the product incorrectly.
- Specs: Dual-core A5 processors to improve speed, front and rear-facing cameras, gyroscope for position-based apps, thinner (0.34″) and lighter (1.33 lbs) than the first iPad, starts at the same price, $499 and will ship in the U.S. on March 11, rest of the world on March 25.
- With iOS 4.3, users will be able to stream media from iTunes on your computer directly to an iPad or iPhone over a wireless network, no wires required.
- Apple’s iOS App Store has generated almost $3 billion, and nearly a billion in revenue for the company.
If you’re bored, Apple has posted the entire event.
Android Pulls Ahead To Be The Number One Smartphone Operating System (TechCrunch)
According to Nielsen, smartphones powered by Android operating systems (29%) beat RIM’s Blackberry (27%) and Apple iOS (27%). Between November and January, Android broke a three-way deadlock, pulling just ahead of the iPhone and BlackBerry. That said, Nielsen says that because RIM and Apple create and sell their own smartphones with their operating systems, these companies are actually in a better position in the three-way race (in terms of device manufacturers).
Another Research Firm Lowers PC Shipment Forecasts As The iPad Continues To Take Its Toll (AppleInsider)
Gartner lowered its growth forecast from nearly 16% to 10.5% for worldwide PC shipments in 2011, as users opt for a wider variety of “PC alternatives.” Smartphones and tablets will take their toll on PC vendors as people choose lighter-weight mobile devices, particularly Apple’s iPad.
Apple Launches Joint Venture, Its Business Service (Macworld)
Apple quietly launched Joint Venture yesterday, a new program that offers personal training, specialised support, loaner Macs, and other premium services to businesses. The service requires buying a new Mac and paying a minimum of $499 per year, but the latter covers up to four other “systems,” which can include not just Macs but iPhones, iPods, iPads and even Cinema Displays.
Disney Buys A Gaming Startup To Sidestep Apple And Google (VentureBeat)
Disney has acquired gaming startup Rocket Pack for $10-$20 million. Rocket Pack doesn’t make its own games but instead makes a gaming engine based on HTML5. They call themselves “Google Docs for making games.” This is an obvious play to sidestep Apple’s platform which takes a 30% cut of transactions. Read more from Business Insider.
BBM, The One Reason So Many Blackberry Users Remain, Will Be Available On Android And iOS (BoyGeniusReport)
Research In Motion is rumoured to be planning to bring its beloved Blackberry Messenger (BBM) service to Android, and eventually to iOS. The company has been looking for a way to extend its platform’s capabilities to other mobile operating systems. While RIM has not settled on a definite pricing plan, the software might actually come for free or potentially a one-time or a recurring fee. One thing’s for sure, if BBM users can port their contacts to an Droid or iPhone, many will switch.
Apple Is The Most Admired Company For Fourth Year In A Row (Fortune)
For the fourth year in a row, Fortune has declared Apple the most-admired company in the world. “The company’s blistering pace of new product releases has continued to set the bar high for tech companies across the board.”