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Apple may become the first $1 trillion company [video]

May 3rd, 2011

Giddy over Apple’s consistent staggering growth — and seemingly giddier over the iPad — Formula Capital managing partner James Altucher believes that Apple is poised to become the first $1 trillion company. In fact, Altucher thinks Apple could already be a $2 to $3 trillion company. According to Altucher, Apple can basically do no wrong …

Facebook stock sale would value company at $70B

April 28th, 2011

That’s not a typo in the title, that’s seventy billion dollars… with a “b”. Reuters is reporting that a group of private investors is looking to offload nearly $1 billion worth of shares they hold in social networking company Facebook. The price per share puts Facebook’s valuation at nearly $70 billion. “The current deal, which …

White iPhone 4 available from Apple and Best Buy on April 27th?

April 24th, 2011

We’d already heard mumblings that the white iPhone 4 would launch on the 27th, and now leaked photos of Best Buy’s internal stocking systems are solidifying those rumors. While the above screenshot only says “AT&T hardware,” 9to5 Mac suggests that Verizon Wireless’ CDMA version of the phone will also be available on the same day. …

Samsung divests its hard-drive unit, sells to Seagate

April 19th, 2011

Reuters is reporting that Samsung Electronics has agreed to sell its hard drive business to Seagate Technology for $1.4 billion in cash and stock. The move is seen as two pronged: first, it will allow Samsung to exit an extremely competitive market and refocus its efforts on its successful memory-chip business. Secondly, it will allow Seagate to be more competitive with …

RBC: 'iPads outselling hotcakes,' iPhone 5 due in September

April 12th, 2011

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 …

Acer lowers Q1 guidance as iPad 2 rocks PC industry

March 29th, 2011

Shares of Acer stock were down nearly 7% on the Taiwan Stock Exchange Tuesday on news that the PC manufacturer had unexpectedly and significantly lowered it’s first-quarter sales estimates. The PC maker had previously estimated its first-quarter PC sales would grow 3% from the previous quarter. Now, Acer has adjusted its forecast, saying it expects …

RadioShack said to require AppleCare, case purchases with iPad 2 [updated]

March 29th, 2011

As we confirmed yesterday, Apple’s iPad 2 went on sale in 500 RadioShack locations across the country on Tuesday. Considering the tablet’s limited supply among Apple Store locations and other third-party retailers, however, we wondered how much inventory Apple might be willing to spare for the various RadioShack locations set to offer the device this …

Analysts downgrade Apple stock, cite Foxconn deceleration

March 16th, 2011

Despite ballooning revenues and a record of kick-ass quarterly reports, Apple’s stock has been downgraded from “market outperform” to “market perform” by JMP Securities. The firm said that it made the choice based on the “notable deceleration in [Apple’s] primary manufacturing partner Hon Hai (Foxconn) that was emerging even prior to the amplified uncertainty created …

Apple Stores may replenish iPad 2 inventory, open early tomorrow [updated]

March 14th, 2011

According to an unconfirmed report, numerous Apple Stores will be opening their doors one hour early on Tuesday as new iPad 2 shipments arrive across the country. Several shoppers seeking the new tablet today have reportedly been told by Apple retail staff that new shipments are incoming, but the iPads will not be available for …