“Apple’s stock had been more or less moribund until last week, when new estimates on industrywide tablet shipments suggested that the iPad’s market share remained strong at around 68 percent,” Bryan McCormick reports for OptionMonster. “Although that was a drop in percentage, the number of tablets shipped was nearly 50 percent higher than some prior estimates.”
“The stock rose strongly on those numbers and has been a primary reason that the Nasdaq 100 has relatively outperformed the other indexes,” McCormick reports. “the stock today hit a lifetime high [of $411.50] — AAPL’s top intraday price, though it did trade higher in the post-market after the company’s last earnings release.”
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McCormick writes, “Based on the move today, if the short-term momentum stays positive the stock could hit the $412 area or higher this week… APL could make it to the $440 area by year’s end as long as the trend remains intact.”
Read more in the full article here.
68% of ‘media tablets’ shipped, not sold. If one counts tablets sold, iPad has more like 85% of the market.
ABSOLUTELY SO, Arnold!
I think it’s more like 90 to 95%, with over 99% profitability share.
Right you are, KenC !
“…. with over 99% profitability share.”
Is there any company at all other than Apple which is making any profit from selling tablet computers ?
I have yet to hear of a single company that has reported a profit from selling tablet computers.
What is the difference between shipped and sold? Would Apple or anyone else ship something to Best Buy or whatever without it being sold to them? Maybe the also rans work that way, I don’t know.
Some companies choose to intentionally list “units shipped” so as to make their figures look better. These companies think that this will “influence” Wall Street in financial matters and for consumers to buy their products based on those “facts”. It is all BS. The REAL facts are in the “Units Sold.”
Further clarification:
Units Shipped to Best Buy are sold to Best Buy and puts money in the manufacturer’s pocket. Units Sold are units sold to the end user (Best Buy to you and me) and represents real market share and acceptance or market penetration. Units Shipped is the same as units in the pipeline which is another common term.
A company can dump (ship) units in the pipeline and report those numbers making it appear that demand is stronger than it really is.
And if the units you theoretically shipped to Best Buy were actually paid for by BB, and then subsequently not sold to consumers, they can and will be returned to the manufacturer for a refund. Quarterly statements usually include a minus line labeled “returns,” although I’ve seen some sneaks bury it in another category (as Creative did with their iPod killer some years back). But a little simple arithmetic will give it away.
“Units Shipped to Best Buy are sold to Best Buy and puts money in the manufacturer’s pocket.”
But many of the large retailers reserve the right to send it all back if sales are not as expected.
oh but what happens when “Windows Height” is complete? You know they’re planning on putting out something called a tablet. Yeah it will have an app store and something called the Cloud. They act they just came up with all these new ideas and don’t realize it’s old news to Apple. No kidding, if you don’t believe me read this article and hear Ball(zinyourmouth)mer filling everyone’s ears with his own fecal matter. http://www.siliconrepublic.com/cloud/item/23610-born-of-the-cloud/
Don’t forget it has a cooling fan!
$440 is only 7.5% higher than today’s $409.34. AAPL can go up and down more than that in a week. Who are these talking heads and have they ever looked at Apple’s stock history?
AAPL will probably hit $440 in October after iPhone 5 is announced.
“the stock today hit a lifetime high [of $411.50] — AAPL’s top intraday price, though it did trade higher in the post-market after the company’s last earnings release.”
Interesting, I don’t remember Apple going over $406 in aftermarket trading.
On July 19 AAPL went to $405 in aftermarket trading.