AllThingsD » MarketBeat

Wall Street's View on the Apple iPad Launch

Matt Phillips — Mon, 05 Apr 2010 15:23:47 +0000

Will it be a sell-the-news event for Apple (AAPL) shares? They’re slightly soft just after the open, despite the company’s announcement that it sold some 300,000 iPads over the weekend, including pre-orders. Also, some analysts such as those from Kaufman Bros. and J.P. Morgan are lifting estimates and targets for Apple after the weekend publicity-fest.

The scribbling masses on the Street worked overtime this weekend, cranking out their impressions of the launch of Apple’s heavily heralded tablet device. (Seriously, does another company out there get the positive press of Jobs & Co.?) Here are some of the takeaways we thought worth re-trumpeting.

Cross Research: “As has been widely noted, the iPad lacks Flash which does impact the user experience. While we were not impacted by the lack of Flash, we note that games and other media sites do require it. Our children were unable to use clubpenguin.com and webkinz.com, although interestingly, the Disney.com (DIS) website now has a version optimized for the iPad (including exclusive iPad movie previews).”

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Apple iPad: Analyst Tones Down Excitement Over Device

Matt Phillips — Thu, 04 Feb 2010 13:00:21 +0000

This one caught our eye. Needham analysts issued a note sounded quite a bit more cautious on forecasts for iPad sales Wednesday, “after watching a replay of Apple’s iPad introduction and reassessing the device’s potential.”

In a note entitled “Seeing is Believing”–their previous note was subtitled “Apple has Another Winner”–Needham revised its original forecast of four million iPad sales in the year following the device’s April launch. “We’re now forecasting iPad sales of two million units in fiscal 2010 and six million in 2011. Our forecast assumes that over half of iPad sales come at the expense of the iPod touch.” Needham analysts said they revised their call “after watching a replay of Apple’s iPad introduction and reassessing the device’s potential.” Previously Needham analysts said Apple could sell four million units in the year after the iPad’s April launch. (Needham doesn’t provide an apples-to-apples comparison of its original call for the iPad to sell four million between April 2010 and April 2011.)

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One Tech Stock Outlook

Dave Kansas — Wed, 15 Apr 2009 18:27:53 +0000

Intel (INTC) reported stronger-than-expected earnings and said that it believed the slumping computer sales market had “bottomed out.” Wall Street’s response: Sell ‘em.

The chip giant’s shares are off four percent, dragging on the Nasdaq Composite and raising some questions about the tech sector generally. This bout of pessimism is probably a bit overdone and reflects more what’s happened in the past few months than what happened yesterday.

Tech shares have been on a strong run, with the S&P 500 information technology group up 15 percent in the last month alone. That’s a pretty quick sprint, and Intel’s merely decent news wasn’t enough to sustain it.

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