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

To: sylvester80 who wrote (17257)	3/12/2012 1:23:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 32692

About the Author ( Author Profile) Josh Smith is Editor of GottaBeMobile and Notebooks.com. He's always looking for ways to help you get the most of your mobile gear and loves to talk about tech on numerous radio programs. Josh uses an iPhone 4S, Galaxy Nexus and iPad 2 on a daily basis. Apple user..HAHA

To: sylvester80 who wrote (17257)	3/12/2012 1:34:19 PM
From: puborectalis	Respond to of 32692

Barclays Capital’s Ben Reitzes, who has an Overweight rating on Apple shares and a $710 price target, writes this afternoon “We believe that Apple likely pre-sold millions of devices in the first weekend given what appeared to be relatively solid availability given the amount of countries shipping in mid-March and high demand.” As a result, his own March-quarter estimate for shipments of 8.5 million iPads could be short by millions of units, he writes. Still, he considers it possible Apple might delay some international sales dates “if iPad sales remain strong throughout the month and supply is limited. The iPad is expected to become available in 25 additional countries by the end of this month.

To: sylvester80 who wrote (17257)	3/12/2012 2:30:04 PM
From: puborectalis	Respond to of 32692

Apple’s stock has also benefited by the last profit report that exceeded analysts’ estimates by a wide margin, easing of concerns over leadership transition after the loss of its legendary founder Steve Jobs. In the meantime, both Apple and Google have been gaining market shares against Research in Motion (NASDAQ: RIMM) and Nokia(NYSE: NOK)— Apple has been particularly strong in Asia, where it maintains the unquestionable leadership against its peers. Even after this run up, Apple trades at a Forward PE (fye Sep 24, 2013) of 11.54. This means that the stock is still inexpensive compared to Google and the Nasdaq100. Apple is firing on all cylinders, with its Mac products gaining in popularity among corporate users, and its iPhone 4S gaining popularity in Asia, where Apple has a huge room to grow. As we did write in a previous piece, Apple’s stock rapid ascend has fueled a wave of robust forecasts that call for Apple to reach $600, $800, even $1000 that hype investor expectations feeding into a speculative frenzy that parallels similar predictions for Cisco Systems (NASDAQ:CSCO), and Hewlett-Packard (NYSE:HPQ) back in the late 2000. We all know how that frenzy ended. This may not the case here, however, as Apple has so far avoided the strategic mistakes of Cisco and HP.