During his Goldman Sachs Technology Investment Symposium presentation today, Apple Inc. Chief Operating Officer Tim Cook reiterated to investors that the company is on track to hit its sales goal of 10 million iPhones this year.
As in Apple’s conference call covering last quarter’s record financial results, Mr. Cook said the company had “really good confidence” that Apple would meet their iPhone sales target in calendar 2008.
Shares of Apple Inc. closed up $4.28, or 3.48%, at $127.24 in extended trading after closing the regular session up $3.81, or 3.20%, at $122.96.
Surely somewhere deep within the bowels of Bernstein Research, so-called analyst Toni Sacconaghi weeps.
buy kids
New expression heard around here today:
“Hey, buddy, pull your head out of your Sacconaghi!”
It needs to pop another $80 per share to get to where it was a few months ago before I am impressed.
only $71, to be precise. and yes $127 is amazing. we were there one week ago.
Is that what people were worried about??? Them not hitting the 10 million iPhone sales figure???
I’ve had my iPhone for a week Now and I love it!!!! Sending this message from my phone.
But the Motorola Q only costs $99. Who’s going to buy a phone for $500?
Your potential. Our passion.™
It’s about time, sheesh…
Hey Zoon Thang: The Q is the best Motorola can do and it has NOTHING on the iPhone. Besides, the phone itself is only a piece of the whole experience — and only a piece of the Apple strategy…
Sorry hardly a POP…more a puff, let me know when it POPs to 150+
Whoosh!
Need you nattering nabobs of negativism be reminded that the price of AAPL one year ago was below $90?
Scrounged and bought 15 more shares at $121.1!! It’s amazing how being in low with a few new shares makes me excited for the tiny rise. Before I was so bummed at having ridden the slide aaaaaall the waaaaay down that nothing below $155 would have make me happy (regaining 50% of the paper loss).
All you chowderheads who don’t get it… but NOW… unless you are waiting to buy the bling. There is an old adage: buy low – hold it – hold it – hold it hold it – when it drops (as it always will) – buy more – buy more buy more – when it peaks – hold it- hold it – hold it – hold it – when it rises again (and it always will when the fundamentals are there) hold it hold it hold it…
I bought at 15.79 – 10,000 shares… I am stoked and happy and yes, very pleased with the additional shares I have purchased since…
Weep on…
Truly, pastrychef. It’s so odd, did people really think the iPhone is failing? They’re popping up everywhere, and even unlocked iPhones are bringing revenue into the mothership.
Plus, there’s all this talk of “market saturation” with iPods, but most everyone I know replaces their old iPods with new iPods, not with a Zune.
if you bought north of $190, please just sell and move on. You bought momentum, not a company, but it is very annoying to hear you criticize the company. The company is doing spectacularly well, thank you, executing a plan that seems obvious to me (and plenty of holders), but not to analysts in search of web hits. Tim Cook is the only person I need to hear. What I hear from him is that the company sees their opportunity exactly as I saw it last summer.
This is a company that is about to unseat Walmart as the #1 music retailer in the US… and doesn’t even call that one of its businesses. This is a company that new the iphone would become a platform one day… but kept it to itself for some time, letting critics have their day, and competitors guessing.
But if you couldn’t see this at $150, you didn’t see it at $200… you were just the last fool in the boat. You don’t deserve $127 (you deserve less), so get it while you can.
This company makes plenty of mistakes… but it is so unbelieveably well positioned strategically that it hurts.
AAPL continues to be that rare stock that even if you hold it (and aren’t overly margined), you really want it to go down.
So please you mo-mo guys, in the unlikely event you’re still in the stock, please please please sell it now, so you don’t hear me next week telling you how lucky you are to get $110. This is what happens when too many people are in a stock with no clue about the company’s business… and it is an opportunity to those of us with half a clue or so.
Please quit dreaming of $150. Take your $127 and just go away.
Thank you.
If you need to be alerted when it gets to $150 or $175, you have missed the profit.
Some stupid posts here today……
Re 10m sales — they’ve barely started on international sales yet!
No…I bought-in back in 98 and have been buying ever since and keep buying on new lows, but I like to see it go up and new highs, keeping for the long term. I have made more money on AAPL then in restate and believe me that is saying something. But have made nothing until I cash out…Still say this is hardly a POP…
My God I’m tired of reading the drivel on this website. What a bunch of DA’s’