“Shares of Apple ‘s stock closed higher for the seventh consecutive day on Wednesday, lifting the Dow Jones industrial average,” Anita Balakrishnan reports for CNBC.
“It was the company’s first seven-day win streak since the week ending February 18, 2015, and the stock’s upward move had the most positive impact on the Dow and the Nasdaq 100,” Balakrishnan reports. “Its shares are up about 4 percent over the past week.”
“It all comes just a day after Apple’s stock hit its 2016 intraday high of $118.69 a share, as rival Samsung cut $2.3 billion off its profit guidance for the third quarter,” Balakrishnan reports. “Kulbinder Garcha, an analyst at Credit Suisse, estimates Apple could capture at least half of the volume of Note 7 phones that Samsung was poised to sell. Brian White, a Drexel Hamilton analyst, estimated in a research note that Apple could pick up at least 8 million extra unit sales this calendar year, out of the 10 million to 14 million Galaxy Note 7 phones he expected to be sold in the second half of the year. ”
Read more in the full article here.
MacDailyNews Take: Burned by Samsung? Get a real iPhone.
SEE ALSO:
Apple or Android phone makers: Who wins more on Samsung’s Galaxy collapse? – October 12, 2016
People are dumping Samsung’s unsafe, exploding phones and upgrading to Apple’s iPhone – October 12, 2016
Social media users mock beleaguered Samsung’s explosive phones – October 11, 2016
Replacement Galaxy Note 7, deemed ‘safe’ by Samsung, catches fire in Scottish hotel room – October 11, 2016
Samsung axes explosive Galaxy Note 7, shares plummet – October 11, 2016
Drexel Hamilton projects 8 million iPhone unit gain for Apple this year alone due to Samsung’s exploding phones debacle – October 11, 2016
Samsung takes multi-billion-dollar hit to end exploding phones fiasco – October 11, 2016
Beleaguered Samsung permanently ceases Galaxy Note 7 production – October 11, 2016—
TechSpot reviews Apple’s iPhone 7 Plus: Absolutely decimates the competition – October 12, 2016
AnandTech reviews Apple’s iPhone 7 and 7 Plus: ‘Unparalleled, a cut above anything else in the industry’ – October 10, 2016
Computerworld reviews Apple’s iPhone 7 Plus: There’s never been a better time to switch to iPhone – October 7, 2016
Higher income U.S. states use Apple iPhones; lower income states use Samsung Galaxy phones – September 27, 2016
PC Magazine reviews Apple’s iPhone 7 Plus: Editors’ Choice – September 20, 2016
Tom’s Guide reviews Apple’s iPhone 7 and iPhone 7 Plus: Great upgrades, but one is greater – September 20, 2016
More evidence Apple’s iPhone 7/Plus is more than a modest refresh – September 20, 2016
Professional photographer Benjamin Lowy puts Apple’s iPhone 7 Plus cutting-edge camera to the test – September 20, 2016
Apple’s A10 Fusion chip miracle – September 20, 2016
The iPhone’s new A10 Fusion chip should worry Intel – September 16, 2016
Apple’s remarkable new A10, S2, W1 chips alter the semiconductor landscape – September 15, 2016
Wired reviews Apple’s iPhone 7/Plus: ‘Fantastic’ – September 14, 2016
Sprint, T-Mobile: iPhone 7/Plus pre-orders up 4X over last year; Apple shares surge – September 13, 2016
USA Today’s Baig reviews Apple’s iPhone 7/Plus: ‘A strong handset for sure’ – September 13, 2016
WSJ reviews Apple’s iPhone 7/Plus: ‘Get over the headphone thing and upgrade’ – September 13, 2016
Mossberg reviews Apple’s iPhone 7/Plus: It’s a great phone, but where’s my headphone jack? – September 13, 2016
The Verge reviews Apple’s iPhone 7/Plus: ‘The future in disguise’ – September 13, 2016
AAPL may reach its all-time high (around $130) during this “streak,” thanks to Samsung’s epic disaster… 🙂
MDN will have you believe that the iPhone 7 is the greatest thing ever but it remains to be seen if strong iPhone sales are primarily a result of Samsung’s bad battery engineering or due to Apple’s “courage”.
Has Apple made it as easy to switch to iOS as it has attempted to make it hard to leave? It’s not like dedicated Android users don’t have a huge array of choices. It doesn’t seem like Apple cares much, they aren’t doing any switcher promotions.
Also, after badmouthing non-Apple users at every opportunity, why would MDN now suddenly want those people to join their clique?
Has Apple made it as easy to switch to iOS as blah, blah, blah?
Yes: apple.com/iphone/switch-to-iphone
And Google Pixel’s response.
https://madeby.google.com/phone/switch/
Remains to be seen if the adapter will be used in other Android devices in the future.
Imagine if they had a movie streaming service, iPhone 8 now, streaming music 4 years ago and an echo type product. Where would the stock be now. Samsung only got big because Apple failed for 2 years to increase the size of the phone. Slow slow slow. Now first with and now behind. no social. No push for secure email over Google. No 4K support on Apple TV. Even though IPhone 6s and 7 shoot 4K. Pro product left to rot and the investment of the pros who kept loyal to Apple in the hard times mes.
It’s somewhat sad to have an announcement how Apple shares have had a 7-day win streak. Heck, all the major tech stocks have been breaking records for an entire year except for Apple. Yahoo’s one year share gains have Apple looking like Apple was the failing company, not Yahoo. Yes, it’s nice to see Apple make some share gains but this is a company that has $180 billion sitting in the bank collecting cobwebs. Apple isn’t likely going to reach $130 this year or next. Apple might just be coasting until they get settled into the new headquarters (I hope). To me, it just seems as though Apple is barely trying to do anything at this point. Amazon keeps making all the big strategy moves while Apple is content to keep trying to sell more iPhones in a totally glutted smartphone market. How is that fancy AppleTV doing. I don’t really hear too much about it being the powerful gaming platform it was supposed to turn into.
Apple having to rely on rivals making huge mistakes really doesn’t cut it. A company can’t just sit back and be that complacent. Anyway, let’s see how much more Apple can make in share gains before Wall Street calls to massively short Apple because of those meager gains.
Life at AMZN is pretty good, can’t argue.
Hey C1! Been a long time.
I am glad that AMZN is working out for you and others. But be careful. Momentum plays are fickle and AMZN does not have a good track record of actual profits to justify its lofty valuation.
Not sure if you knew, but I’ve been working there for the last 5 years. They’re treating me very well.
Nice to hear from you!
I agree with your Apple TV assessment. It was an uninspiring update, but maybe they are testing the waters for something more grand like an all-in-1 panel or something. It seems like Apple is strategically more methodical these days. For example, Beats morphed into a potentially new paradigm with AirPods. If these AI partnerships and accusations pan-out then this space will be very compelling.
[“Shares of Apple ‘s stock closed higher for the seventh consecutive day on Wednesday, lifting the Dow Jones industrial average,” Anita Balakrishnan reports for CNBC.]
While technically true, AAPL is still about $110 billion in market cap below what they were when they joined the DJIA.