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Apple (AAPL) shares are trading higher today on another round of Street estimate hikes, as evidence of strong demand for the iPad continues to pile up.
* Gleacher & Co. analyst Brian Marshall repeats his Buy rating, while lifting his price target to $370, from $355. His EPS forecast for the September 2010 fiscal year goes to $16, from $15.75; for FY 2011, he now sees $18.50, up from $17.75. On the other hand, he trims his June quarter estimate to $3.24, from $3.50, to reflect a projected push out of some iPhone units into the September quarter from the June quarter, due largely to supply constraints. He now sees June quarter iPhone units at 7.75 million, down from 8.75 million. “Apple,” he writes, “remains the best technology company on the planet.”
* CLSA Asia Pacific Markets analyst Steve Fox likewise repeats his Buy rating on the shares, lifting his target to $335, from $320. He also raises EPS estimates, to reflect “continued momentum in iPad sales.” His FY 2010 EPS estimate goes to $13.85, from $13.65; for FY 2011 he now sees $17.60, up from $17. He expects iPad sales in the June quarter of 3.4 million units. He also says that checks find LCD panel and touchscreen sensor capacity and yields “are more favorable for iPad supply than we heard just a few weeks ago.” He thinks Hon Hai is poised to ship 18 million iPads in the first 12 months of production.
A number of companies have turned to Apple’s iPad for their business needs, with the hardware used by employees in giving presentations, accessing work e-mail, approving shipping orders, and a variety of other tasks.
Wells Fargo initially bought 15 iPads, and used two of them in May to demonstrate products at an investor conference, the company told Businessweek. Wells Fargo spent two years looking at the iPhone, but approved the iPad in just two weeks after it was released in April.
Now, the bank plans to buy more — when they’re available. Megan Minich, senior vice-president with the San Francisco, Calif., company, reportedly said they have "a bunch" ordered that they have not yet received.
And Amy Johnson, vice president with Wells Fargo for the company’s online portal and mobile strategy, said she envisions finance officials or account representatives using devices like the iPad to approve multimillion-dollar wire transfers. The company found that finance executives of large companies had used the iPad to access corporate Wells Fargo accounts.
The iPad was announced on January 27, 2010 and was quickly heralded by many in traditional print media as a potential rejuvenator for their trouble d bu sinesses. Having used the device daily for th e last six weeks or so, I must admit it is the perfe ct media consumption device, among many other things, for all of my reading (books, magazines, newspapers, blogs, tweets, FB feed, emails, web sites). Given my propensity to multitask, I crave multi-purpose devices and find the Kindle far too limiting a product, especially for the price. The iPad is perfect for email, calendaring, surfing, reading books, digesting RSS feeds, browsing real-time web feeds from Twitter and Facebook, watching movies while traveling, listening to music, checking weather, tuning in to baseball games, and countless other things. It is a far better way to consume magazines and newspapers than any other electronic device I have seen.
Given this, more than five months after it has been announced and the developer tools made available, and more than sixty days after shipping, why is Wired one of the few print publishers to make the leap and offer a version? The WSJ has a decent app (but downloads take forever), the NY Times has an anemic reader which showcases only a handful of stories each day (many duplicated in each section), the NY Post released an app which just offers pictures, and Vanity Fair offers a meager PDF of the print magazine for a whopping $5 per issue. USA Today seemed to step up with a nicely designed app. But it’s telling that so few of the traditional print publishers have taken the last five months to rethink the way a magazine or newspaper ought to be delivered digitally and devote sufficient resources to getting something great out on time. Wired’s editor Chris Andersen made some noise about how his staff did this, but frankly their implementation is also mostly a glorified PDF with some videos thrown in. Amazingly, URLs are not hot-linked in Wired nor Vanity Fair, email addresses are not clickable, text is not selectable nor are articles tweetable.
Ready to fling your iPhone or iPod Touch to launch a virtual dart into your iPad screen? It sounds a little scary. Isn’t it?
The folks from Key Lime 314 have developed an interesting game that transforms your iPad into a digital dartboard. The iPad app is called KL Dartboard.
KL Dartboard connects your iPad and your iPhone for a new dart throwing experience. Start by running the KL Dartboard app on your iPad, and KL Darts or KL Darts Pro on your secondary device (iPhone 4, iPhone 3GS/3G or iPod Touch).
The iPad clearly needs a camera. Maybe not the fancy 5-megapixel, hi-def-shooting camera in the iPhone 4 – after all, who wants to hold a big slab up to snap photos? – but something for grabbing basic images would make Apple’s tablet way more useful.
Unless you want to wait for v2.0 next year, a case would be the only way to add a camera, and that’s just how Chet Rosales has managed it with his iPad Cam-Case. The concept case has an ugly fat strip up the side which has a camera at its top. This camera flips in its mount to fire forward or back, depending on whether you are videoconferencing or just snapping pictures.
Apple (AAPL) shares are trading higher today on another round of Street estimate hikes, as evidence of strong demand for the iPad continues to pile up.
A number of companies have turned to Apple’s iPad for their business needs, with the hardware used by employees in giving presentations, accessing work e-mail, approving shipping orders, and a variety of other tasks.
Ready to fling your iPhone or iPod Touch to launch a virtual dart into your iPad screen? It sounds a little scary. Isn’t it?
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