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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Doren who wrote (108830)	2/9/2011 6:54:25 PM
From: rnsmth	Read Replies (1) \| Respond to of 213185

<True, but it's obvious they are VERY serious about this.> Of course they are. The train has left the station and they want to get on the track as soon as they are able to - and they may well have a good shot at being a viable mobile platform, and the stock is cheap if you want to take a flyer on it, with a P/E of 13.25 and a forward PE of about 8.5, but remember....... By the time summer rolls around Apple will have sold about 30 million iPads, the iPad 2 will be out, and then there is this from Apple's most recent earnings conference call: Turning to iPad. We continue to be thrilled with its momentum and customer interest. We sold 7.3 million iPads, a sequential increase of over 3 million, with distribution in 46 countries by the end of the December quarter. We continue to see great enthusiasm for iPads from consumer, business and education customers. Employee demand for iPad in the corporate environment remains strong, and the response to the product continues to be significant. Enterprise CIOs are adding iPad to their approved device list at an amazing rate. Today, over 80% of the Fortune 100 are already deploying or piloting iPad, up from 65% in the September quarter. Some recent examples include JPMorgan Chase, Cardinal Health, Wells Fargo, Archer Daniels Midland, Sears Holdings and DuPont. Recognized revenue from sales of iPad and iPad accessories during the quarter was $4.61 billion. The sales value by iPads alone was over $4.4 billion, which yields an ASP of about $600. We increased the supply of iPads during the quarter and expanded both the number of countries and the number of channel partners carrying iPad. Combining iPhone, iPad and iPod touch, we reached over 160 million cumulative iOS device sales through the end of the December quarter. They will sell near that many again in FY 2011 - 75-80 million iPhones, 30-40 million iPads and 25-30 million iPod Touch units.