Click to Skip Ad
Closing in...



RBC Capital Markets

RBC cuts Motorola forecast citing competition, poor XOOM sales

April 1st, 2011

RBC Capital Markets analyst Mark Sue on Friday cut his price target for Motorola Mobility stock to $33 from his previous target of $38. Sue also lowered his first and second-quarter sales and revenue forecasts, citing increased competition and slow sales of Motorola’s XOOM tablet. Motorola anticipated a rough first quarter when it reported fourth-quarter …

AT&T’s T-Mobile acquisition to benefit Apple, RIM and Google

March 21st, 2011

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 …

RBC: Apple CEO’s departure won’t scare customers

February 23rd, 2011

Data from a survey released by RBC Capital Markets on Wednesday suggests that Apple customers’ buying intentions will not be impacted by Apple CEO Steve Jobs’ eventual departure from his role as chief executive. While pundits and analysts continue to panic over the possibility that the Apple chief may relinquish his role while on medical …

RBC: Verizon to sell over 1 million iPhones in first week, 3-4 million in Q1

February 9th, 2011

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 …

BlackBerry PlayBook sales could hit 6 million units in first year

January 25th, 2011

In a note to investors Tuesday morning, RBC Capital Markets GM Mike Abramsky suggests that RIM may sell 6 million BlackBerry PlayBook tablets in the device’s first year of availability. In an independent survey of 1,100 consumers conducted after the Consumer Electronics Show in January, RBC found that 6% of respondents were likely to purchase …

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 …