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Strong iPhone Sales Carry Apple
By Stock Charts | July 10, 2007
Apple Computer, Inc.’s (AAPL) strong iPhone sales have boosted Apple’s shares to 52 week highs, but it remains to be seen whether the initial demand for the $500+ device can hold up over the coming weeks. In the mean time, head over to our sister site at MarketMatador.com to check out his extensive coverage on the iPhone.
Investors should keep in mind that Apple might be a more volatile stock in the near future as the numbers start coming in for the iPhone. I believe that the recent iPhone frenzy is a large part of the huge runup over the past 2 months, and any negative news will cause quick and brutal downward movement in the stock price.
For more stock news and chart analysis, subscribe to my RSS feed, or stock newsletter:Related Posts:
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Topics: Stock Charts | 4 Comments »
July 11th, 2007 at 9:29 am
Thanks for the mention! Your analysis is spot on here. Investors need to be cautious about investing at these levels.
July 11th, 2007 at 9:40 pm
Good summation of recent Apple hype/news. Since the iPhone launch there has been a never-before-seen aura of hype around this company and this stock. It would take substantial sales numbers for the stock to not be succeptible to a moderate dip before regrouping and continuing to climb higher. There’s a lot more to the Apple story than the iPhone and I believe Apple’s own sales estimates are very conservative; Apple will be smart about potential cannibalization of iPods; and Mac sales continue to triple the industry growth rate. All longer term positives.
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Chris Krasowski
WC Power Tech Fund
http://wcpowertechfund.blogspot.com
July 24th, 2007 at 7:32 pm
[...] Strong iPhone Sales Carry Apple [...]
December 31st, 2007 at 7:04 am
I think AAPL can go to at least $225, especially in the wake of the upcoming Mac world conference beginning on Jan. 14th, I also feel that Buying SNCR at these levels is an even better way to play the Iphone phenomena.
SNCR not only activates all iphones but it just got a deal with Sprint to manage their services as well, the stock is a takeover candidate in my oppinion due to it’s relatively low market cap and free cash flow of over $9,000,000.00. With that being said, the company keeps on getting new contracts and recently expanded european operations. I am looking for very strong earnings next Q’, not sure when the release will be, but I expect some time Jan or feb 08′
As far as short term trading, SNCR rallied into the last Mac world conference, I feel it will do the same this year, along with the help of a possible short squeeze, with 20% of the float short at this point. I think it goes to a minimum of $55 in 2008.