Goldman Sachs

Business
April 18, 2012
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Apple’s next iPhone launch could be most important in smartphone history

By on April 18, 2012 at 1:10 PM.

Apple’s next iPhone launch could be most important in smartphone history

Apple’s iPhone 4S marked the biggest device launch in the company’s history. A number of industry watchers and news sites were expecting a completely redesigned handset, but despite the new model’s striking resemblance to the iPhone 4, it sold more than 4 million units in its debut weekend alone. According to Goldman Sachs analyst Bill Shope, Apple’s next smartphone launch will be even bigger. Read on for more.

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Business
February 14, 2012
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Live: Apple CEO Tim Cook speaks at Goldman Sachs tech conference

By on February 14, 2012 at 3:25 PM.

Live: Apple CEO Tim Cook speaks at Goldman Sachs tech conference

Apple chief executive Tim cook is scheduled to speak at Goldman Sachs’s annual Technology and Internet Conference on Tuesday, and Apple is streaming the CEO’s presentation live on its site. Cook has spoken at the conference numerous times in the past and while more exciting announcements are scheduled to take place a few weeks from now, the executive will likely cover a number of interesting topics while discussing his company — the most valuable company in the world — and the state of technology. Cook is scheduled to take the stage at 3:30 p.m. Eastern, 12:30 p.m. Pacific and Apple’s live broadcast can be found via the read link below. More →

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Breaking
January 27, 2012
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Facebook reportedly plans IPO filing for Wednesday

By on January 27, 2012 at 1:35 PM.

Facebook reportedly plans IPO filing for Wednesday

Facebook plans to file for its initial public offering as soon as Wednesday next week according to multiple reports from Dow Jones Newswires. Morgan Stanley is expected to win the deal to lead the highly anticipated IPO, and Goldman Sachs is also reportedly expected to play a role. According to Dow Jones Newswires, Facebook is currently looking at a valuation between $75 billion and $100 billion. Following next week’s anticipated filing, it will still be several months until the company goes public. The initial offering is expected to raise as much as $10 billion, which would make it the biggest U.S. Internet IPO in history. The record currently stands at $1.9 billion, achieved by Google when it went public in 2004. At $10 billion, Facebook would also best the largest global technology IPO — Infineon’s $5.9 billion offer — by more than 40%. More →

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Business
December 13, 2011
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Amazon to sell 6 million Kindle Fire tablets, 8 million eReaders in Q4

By on December 13, 2011 at 3:35 PM.

Amazon to sell 6 million Kindle Fire tablets, 8 million eReaders in Q4

Amazon’s Kindle Fire is a smash hit, with fourth-quarter sales that may exceed even the most lofty estimates reported ahead of the tablet’s recent launch. In just over six weeks of availability this quarter, analysts at Goldman Sachs estimate that Amazon will sell as many as 6 million Kindle Fire tablets. Add to that another 8 million Kindle-branded eBook readers the firm sees Amazon selling between October and the end of this year, and the retailer looks to be in store for a huge holiday quarter. ”While the Kindle Fire certainly doesn’t have the breadth of functionality of the iPad (no camera or microphone, shorter battery life and less memory), it does a few things very well, which just happen to be the few actions that users utilize the tablet form factor most often for, in our view,” Goldman’s report stated. BGR reviewed the Kindle Fire last month and we viewed it as an excellent and affordable option for many consumers looking to consume the wide range of digital content now available from Amazon. More →

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Business
November 15, 2011
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iPad demand said to be fading as competition heats up

By on November 15, 2011 at 11:15 AM.

iPad demand said to be fading as competition heats up

Demand for Apple’s iPad tablet is said to be in decline as competition finally heats up thanks to the $199 Kindle Fire from Amazon, and investors could be in for a disappointing fourth quarter as a result. In a recent research note, Goldman Sachs analyst Bill Shope suggested Apple’s firm grip on the global tablet market may finally loosen unless the Cupertino, California-based company lowers its pricing. Read on for more. More →

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Business
September 29, 2011
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Microsoft to make $444 million annually from Android royalties, Goldman estimates

By on September 29, 2011 at 5:45 PM.

Microsoft to make $444 million annually from Android royalties, Goldman estimates

Microsoft mobile revenue continues to grow, though for the time being it seems as though the bulk of it is coming from Android. Goldman Sachs analysts on Thursday estimated that the software company will pull in approximately $444 million in fiscal 2012 from licensing deals made with various Android vendors such as HTC and Samsung, based on royalties of $3-$6 per Android device sold. Asymco’s Horace Dediu estimated in August that Microsoft took in approximately $21 million in revenue from Windows Phone licenses in the second quarter, and he believes the company earned roughly $60 million from Android royalties over the same period from HTC alone. With Samsung now paying Microsoft royalties along with HTC, Acer and other Android device vendors, Goldman Sachs’ estimate certainly seems feasible. More →

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Business
September 27, 2011
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Apple iPad 2 order cuts in Q4 reportedly confirmed

By on September 27, 2011 at 4:30 PM.

Apple iPad 2 order cuts in Q4 reportedly confirmed

Claims that surfaced on Monday suggesting Apple had cut iPad 2 orders for the fourth quarter have reportedly been confirmed. JP Morgan analysts Mark Moskowitz and Gokul Hariharan wrote in a note to investors on Monday that Apple had reduced its fourth-quarter iPad 2 orders from 17 million to 13 million units, suggesting that demand for Apple’s market-leading iPad might finally be waning. Some speculated that a portion of iPad production may have moved to Foxconn’s new factory in Brazil while others suggested that the report was not accurate, and JP Morgan’s Moskowitz would later issue a second note backtracking on the firm’s earlier statements. But should he have been so quick to fold? Read on for more. More →

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Business
June 30, 2011
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Verizon iPhone sales are already slowing down, analyst says

By on June 30, 2011 at 3:40 PM.

Verizon iPhone sales are already slowing down, analyst says

According to a Goldman Sachs analyst, Verizon Wireless is expected to announce that second-quarter sales of the iPhone 4 dropped from the first quarter of this year. “iPhone sales will likely be a touch below the 2.2 million” units that the carrier moved during the first quarter, Goldman Sachs analyst Jason Armstrong told Bloomberg. Verizon Wireless started selling the iPhone 4 a full month after the first quarter started — one might expect with more time to move the phone during the second quarter that sales would be greater. It’s likely the jump in first-quarter sales was from built up anticipation, however, so it could be that Verizon subscribers aren’t as interested in the iPhone as most believed. Armstrong, who recently sat in meetings with Verizon Wireless’ investor relations execs, said that sales of other Verizon Wireless smartphones surpassed expectations for the quarter. More →

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General
January 3, 2011
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Amid SEC inquiry, Facebook gets $50 billion valuation after $500 million private investment

By on January 3, 2011 at 3:07 PM.

Amid SEC inquiry, Facebook gets $50 billion valuation after $500 million private investment

Social networking giant Facebook may be looking to conquer another market, Wall Street. After news spread of a $500 million investment — $450 million from Goldman Sachs and $50 million from Russia’s Sky Technologies — Facebook was given a valuation of $50 billion by market analysts and firms. The eleven figure price tag was placed upon the privately held company even as the government’s Securities and Exchange Commission has, purportedly, launched a formal inquiry into Facebook’s private-share trading activity. According to the Times, the SEC is investigating the “increasingly hot private market for shares in Internet companies, including Facebook, Twitter, the gaming site Zynga and LinkedIn.” The government agency is looking for loopholes in the public disclosure laws that companies, investors, and firms may be exploiting through the use of private shares. A $50 billion valuation of Facebook makes the company’s youthful CEO, Mark Zuckerberg, worth an estimated $15 billion — more than double the estimated $6.9 billion net-worth put on Facebook’s founder back in September. More →

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News
April 12, 2010
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Report: Palm is actively hunting for a buyer

By on April 12, 2010 at 6:23 AM.

Report: Palm is actively hunting for a buyer

palm-logo

Despite putting on its bravest face, it seems Palm has finally resigned itself to reality. According to a report filed by Bloomberg, the struggling company headed by Jon Rubinstein has directed Goldman Sachs and Qatalyst Partners to find it a buyer as early as this week. Potential suitors are said to include HTC and Lenovo. Dell, which recently had its name lumped in the the previous two companies as showing an interest in acquiring the Sunnyvale-based company, has apparently declined to enter a bid. At the moment there is nothing more to report other than all companies involved have declined to comment, but this is definitely a story we’ll be keeping our eyes on. More →

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News
March 12, 2010
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Google facing slowdowns with its online-only model for handset sales?

By on March 12, 2010 at 6:01 AM.

Google facing slowdowns with its online-only model for handset sales?

Google-Nexus-One-2

Bad news today for Google and the Nexus One as investment firm Goldman Sachs has slashed its estimate for Nexus One sales by a third. Predicting a bright and rosy future for the Nexus One, Goldman Sachs originally estimated that Google will sell 3.5 million Nexus Ones in FY2010. After a disappointing first month in which Google only sold a rumored 80,000 handsets, Goldman Sachs has lowered its 2010 estimate to a mere one million handsets which will be sold across multiple carriers including T-Mobile, Verizon Wireless, and Vodafone. Google’s FY2011 outlook will improve to two million handsets if, according to Goldman Sachs, Google rolls out second generation handset, markets it aggressively, and drops its online-only sales model. That last criteria is condemning and suggests that Google’s online-only model needs to be supplemented, if not supplanted, by brick and mortar retail sales. So peer into those magic eight balls that predict the future and let us know — is Google’s online-only sales model fatally flawed or does it just need some time to mature? More →

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