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forecast

Apple iPad 2 sales to hit 30 million units, RBC forecasts

February 23rd, 2011

In a note to investors on Wednesday, RBC Capital Markets Managing Director Mike Abramsky reiterated the firm’s confidence in Apple’s upcoming next-generation iPad. RBC predicts that Apple will sell 30 million iPad 2 units between April 2011 and March 2012. Apple will unveil the iPad 2 at a media event next week, and the tablet …

HP reports Q1 2011 earnings, lowers full-year guidance

February 22nd, 2011

Hewlett-Packard on Tuesday reported its earnings for the first quarter of the company’s 2011 fiscal year, which ended on January 31st. Revenue missed Wall Street’s expectations slightly, coming in at $32.3 billion versus the Street’s projected revenue of between $32.75 and $33.59 billion. Earnings per share was up an impressive 26% year-over-year to $1.17, but …

NPD: Apple computer sales up 20% in January, iPod sales down 10%

February 22nd, 2011

Apple watcher Gene Munster of Piper Jaffray on Tuesday revealed NPD Group data showing estimated Apple computer shipments in the U.S. for the first month of the company’s 2011 fiscal year. According to NPD Group’s numbers, Mac sales were up 20% year-over-year in January and shipments are on pace to reach 3.6 million units in …

BlackBerry PlayBook is ‘dead on arrival’, analyst claims

February 1st, 2011

Wedge Partners principal Brian Blair on Tuesday issued a note to clients that called RIM’s upcoming virgin tablet offering “dead on arrival.” RIM is set to debut the BlackBerry PlayBook next month and opinions of press, bloggers and analysts have been very polarized thus far. Some think the PlayBook will be well received by the …

RBC ups its target for Apple stock to $425 following huge quarter

January 19th, 2011

Just one week ago, RBC Capital Markets Managing Director Mike Abramsky sent a price target revision to investors upping the firm’s target for Apple stock from $365 to $395. Following Apple’s monster quarter, RBC issued a new revision — this time raising its target to $425. Apple’s conservative second-quarter guidance of $22 billion still beat …

RBC: iPhone sales to hit 70 million in 2011

January 12th, 2011

In a price target revision sent to investors Wednesday morning, RBC Capital Markets Managing Director Mike Abramsky raised the firm’s target for Apple stock to $395 from $365. RBC also raised its revenue estimates, speculating that increased demand and new product launches would drive Apple’s revenue to $90.8 billion in the 2011 fiscal year and …

RBC: Verizon iPhone to sell 9-10 million units in 2011

January 10th, 2011

In a note to investors on Monday, RBC Capital Markets Managing Director Mike Abramsky stated that Verizon Wireless may sell 9-10 million iPhones in 2011. The figure represents RBC’s preliminary estimates covering the 2011 calendar year. RBC’s projection is up to double the street’s earlier consensus of 5 million units. Abramsky notes that while Apple CEO …

DigiTimes: iPad shipments to reach 65 million units in 2011

December 29th, 2010

According to hit or miss industry watcher DigiTimes, Apple is betting big on the iPad in 2011. The site estimates that iPad manufacturers will ship 65 million units for Apple in 2011, a figure that is almost double the market consensus. According to the report, which is based on checks within various display manufacturers, iPad …

Microsoft expects to sell 5 million Kinect sensors this year

November 3rd, 2010

One of the most highly anticipated accessories among gamers may now be one of the most highly anticipated accessories among Microsoft investors as well. Microsoft’s Don Mattrick told Bloomberg News in an interview that the company is raising its holiday season Kinect sales projections from 3 million to 5 million units. According to the executive, …