Post by phoebear611 on Apr 8, 2014 3:28:16 GMT -8
Good morning folks ...
Overseas:
- Asian markets down/mixed
- European markets down
- US Futures flat to slightly up
- AAPL a pale shade of green
News on Apple:
- AAPL reportedly targeting Q3 launch for iWatch according to Macrumors: www.macrumors.com/2014/04/08/iwatch-launch-q3-2014/
- Max Pain as of today: OI for maturity 04/11/2014. 530.00 Highest put. 540.00 Highest call: maximum-pain.com/open-interest.aspx?s=AAPL&e=04/11/2014
- From ValueWalk: Apple Inc. Bulls Point To New Patents, Expected Catalysts: www.valuewalk.com/2014/04/apple-inc-aapl-bulls-point-to-new-patents/
- Rod Hall @ JPM put a note out on AAPL this morning:
Our view is that Apple is likely to cannibalize its MacBook Air line in the next 12 months and possibly in 2014 by adding a keyboard/mouse centric user interface to iOS while also keeping a touch friendly UI. ... In total we believe iAnywhere could represent a >10% earnings boost to Apple in a 12-24 month timeframe. We reiterate our OW rating. ... $500-$1,000 laptop opportunity. We believe that the $500-$1,000 laptop market is a $63bn/yr opportunity that Apple barely participates in. Even if we add the tablet market to this market Apple only has ~20% share vs. 40% in >$1,000 laptops. ... EPS impact material. We calculate that just a 20% share position in the current $500-$1,000 laptop market would be worth an additional 4.3% on our CY’15 AAPL EPS estimate. We see iPad keyboard/touchpad/dock peripherals as worth another 0.7% for 15m units and this conservatively assumes a $100 price point. ... We believe that the movement toward iAnywhere equipped iPads from other brand laptops would likely pull through iPhone sales. We calculate that a 1% smartphone share gain, roughly equivalent to half of new iAnywhere users, would equate to a 3.8% boost to our CY’15 EPS number. ... iAnywhere changes user economics. We calculate that an iAnywhere iPad bundle would run from $774 - $899 vs. a typical lower end laptop TCO of $714. In the past an iPad purchase would likely have been seen as incremental to the cost of a laptop with iAnywhere it becomes the same purchase.Forecast changes and valuation: We are increasing our FY15 EPS by 5.3% to $51.47. Our Dec 2014 PT of $585 is unchanged based on 11.1x CY15 EPS.
- AAPL admits the problem with their iPhones in court document: www.news.com.au/technology/gadgets/apple-admits-problems-with-the-iphone-in-leaked-documents/story-fn6vihic-1226877825599
- 87% of users are now using iOS7 according to cult of mac: www.cultofmac.com/273454/massive-87-users-now-running-ios-7/
Try to enjoy the day.
Overseas:
- Asian markets down/mixed
- European markets down
- US Futures flat to slightly up
- AAPL a pale shade of green
News on Apple:
- AAPL reportedly targeting Q3 launch for iWatch according to Macrumors: www.macrumors.com/2014/04/08/iwatch-launch-q3-2014/
- Max Pain as of today: OI for maturity 04/11/2014. 530.00 Highest put. 540.00 Highest call: maximum-pain.com/open-interest.aspx?s=AAPL&e=04/11/2014
- From ValueWalk: Apple Inc. Bulls Point To New Patents, Expected Catalysts: www.valuewalk.com/2014/04/apple-inc-aapl-bulls-point-to-new-patents/
- Rod Hall @ JPM put a note out on AAPL this morning:
Our view is that Apple is likely to cannibalize its MacBook Air line in the next 12 months and possibly in 2014 by adding a keyboard/mouse centric user interface to iOS while also keeping a touch friendly UI. ... In total we believe iAnywhere could represent a >10% earnings boost to Apple in a 12-24 month timeframe. We reiterate our OW rating. ... $500-$1,000 laptop opportunity. We believe that the $500-$1,000 laptop market is a $63bn/yr opportunity that Apple barely participates in. Even if we add the tablet market to this market Apple only has ~20% share vs. 40% in >$1,000 laptops. ... EPS impact material. We calculate that just a 20% share position in the current $500-$1,000 laptop market would be worth an additional 4.3% on our CY’15 AAPL EPS estimate. We see iPad keyboard/touchpad/dock peripherals as worth another 0.7% for 15m units and this conservatively assumes a $100 price point. ... We believe that the movement toward iAnywhere equipped iPads from other brand laptops would likely pull through iPhone sales. We calculate that a 1% smartphone share gain, roughly equivalent to half of new iAnywhere users, would equate to a 3.8% boost to our CY’15 EPS number. ... iAnywhere changes user economics. We calculate that an iAnywhere iPad bundle would run from $774 - $899 vs. a typical lower end laptop TCO of $714. In the past an iPad purchase would likely have been seen as incremental to the cost of a laptop with iAnywhere it becomes the same purchase.Forecast changes and valuation: We are increasing our FY15 EPS by 5.3% to $51.47. Our Dec 2014 PT of $585 is unchanged based on 11.1x CY15 EPS.
- AAPL admits the problem with their iPhones in court document: www.news.com.au/technology/gadgets/apple-admits-problems-with-the-iphone-in-leaked-documents/story-fn6vihic-1226877825599
- 87% of users are now using iOS7 according to cult of mac: www.cultofmac.com/273454/massive-87-users-now-running-ios-7/
Try to enjoy the day.