Pandora, the popular Web radio service, reported impressive earnings after the close Thursday, recording second quarter EPS of $0.04 vs. consensus forecast for $0.02. Revenues of $157.4 million topped analysts’ consensus expectation for $156.24 million. For the third quarter, Pandora projects Q3 EPS of $0.03 to $0.06 vs. $0.08 previously
The Apple rumor mill has shifted into high gear. Historically, this is a normal pattern prior to Apple’s new-product launches. The rumors range from the names to the colors of the new iPhones. The big buzz Monday was that Apple will introduce a gold-colored phone. For the gadget lovers, the
After a string of spectacular investments, Carl Icahn tweeted on Tuesday at 2:21 p.m., “We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.” Apple stock was trading at $475.81 just before his tweet and shot higher
On a conference call following Apple AAPL +5.41%‘s release of quarterly results Tuesday, the highlights that stood out were Lower average selling prices, lower gross margins and higher iPhone sales. On the call, management made many positive pronouncements that deserve further digging. India Up 400% Cook said that sales in India were up
Please click here for the chart. After the market close on Friday, AT&T kicked off the next wave of consolidation in wireless by offering to buy Leap Wireless for $1.19 billion. But will they stop there? First, let’s take a look at this deal. The chart linked below compares performance
Apple (AAPL) has a new car dashboard design that it calls revolutionary. The dashboard design encompasses touch screens, cameras tracking head and eye movements, lasers as light sources, and voice controls. Apple claims that its design will cost less than traditional dashboards, will be more visually appealing, and enhance safety.
At a time when much media negativity surrounds Apple stock, it is important to remember that most of the media was expressing positive views on Apple stock when it was $700. Sentiment can change quickly. One potential development on the horizon that may change said sentiment is a new
Since Friday, there have been three new ominous data points for Apple, which is scheduled to report earnings on July 23, 2013 after the market close. First Samsung reported lower than expected earnings estimates. Galaxy S4 from Samsung is the main rival of iPhone 5. Lower than expected earnings from Samsung
Early Friday Samsung issued a sales and earnings outlook for the second quarter of 2013. The Korean firm’s estimate for sales is 56 – 58 trillion won and the estimate for operating profits is 9.3 – 9.7 trillion won. These numbers represent an 18% increase in sales and 44% increase in operating
After carefully studying BlackBerry’s (BBRY) financial results released this morning and listening to the conference call, my conclusion is that the chances of BlackBerry being bought just dropped dramatically. A major support under BlackBerry shares has been the prospect of a buyout. Unless there is some new information, BlackBerry shares