In a note to investors Monday afternoon, RBC Capital Markets Managing Director Mike Abramsky reiterated an OTR Global report that Research In Motion is possibly planning to stop production of the current Wi-Fi BlackBerry PlayBook model. The Wi-Fi version of the BlackBerry tablet is the only version Research In Motion sells for the time being. The reasons for the …
Amid multiple reports to the contrary, RBC Capital Markets General Manager Mike Abramsky on Wednesday said first day PlayBook sales likely exceeded analysts’ expectations. In a note to investors, Abramsky states that RIM may have moved about 50,000 PlayBook tablets on launch day alone, including pre-order sales. The analyst and his team placed calls to …
RBC Capital Markets Managing Director Mike Abramsky on Tuesday reiterated the firm’s position that sales of popular Apple products like the iPad 2 likely helped Apple record an impressive fiscal second quarter. In a note to investors, Abramsky wrote that tremendous demand for Apple’s iPad 2 tablet along with solid sales of the iPhone 4 …
In a note to investors on Monday, RBC Capital Markets Managing Director Mike Abramsky highlighted several implications surrounding AT&T’s acquisition of T-Mobile USA. Interestingly, RBC sees the merger as having the potential to provide various benefits to each of three staunch rivals — Apple, RIM and Google. For Apple, this deal will drastically increase the company’s …
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 …
In a note to investors on Tuesday, RBC Capital Markets General Manager Mike Abramsky issued the firm’s estimates for sales of Verizon Wireless’ iPhone 4 during its first week and first quarter of availability. Best on the firm’s pre-order estimates, RBC believes that first-week sales of Verizon’s iPhone 4, which goes on sale tomorrow, will …
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 …
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 …
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 …
