Tag Archives: Piper Jaffray
Gene Munster Confirmed With Suppliers That Apple Is Working On HDTV
Piper Jaffray Senior Research Analyst Gene Munster told investors on Tuesday that he recently spoke to a major TV component supplier to learn more about Apple’s rumored plans to release a connected HDTV. The supplier confirmed with Munster that Apple did contact them “regarding various capabilities of their television display components.”
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Study Finds iPhone Users More Brand-Loyal
Analyst Gene Munster has found in Piper Jaffray data that iPhone users are much more loyal to their phone brand than Android and Blackberry users. InformationWeek reports that he estimates about 94% loyalty from iPhone owners when they go to buy their next phone, compared to about 47% loyalty in Android owners and 26% loyalty in BlackBerry owners. Of those surveyed, 42% of Android owners and 67% of BlackBerry owners plan on switching to iPhone with their next purchase.
Categories Android, BlackBerry, Gene Munster, iPhone, Piper Jaffray
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Sky-mobi Ltd. Is Hoping To Raises $150 Million From IPO
Sky-mobi Ltd. is a China based mobile application store service under the name of Maopao that has filed for an IPO this past Friday. The company is hoping to raise $150 million in the IPO. In a filing with the SEC, Sky-mobile did not specify how many American depositary shares they would be offering. They plan to trade on the Nasdaq Global Market under “MOBI.”
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App Store Is 1% Of Apple’s Gross Profit [REPORT]
Above is a chart generated by Piper Jaffray analyst Gene Munster about what an application costs Apple to sell. Apple currently claims that the App Store is at or near broke even.
Munster used two pieces of information to make these assumptions. In Steve Jobs’ keynote two weeks ago, he said that 5 billion apps have been downloaded and $1 billion has been paid out to developers. Below are some of Munster’s key points regarding those figures.
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Categories Apple App Store, Apple Inc., Gene Munster, Piper Jaffray
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Analyst: About 700,000 iPads Were Bought On The First Day
Apple Inc. (NASDAQ:AAPL) has sold about 700,000 iPad devices on the first day. Apple co-founder Steve Wozniak joined a pre-iPad vigil at 6PM Friday at Valley Fair mall in San Jose. And Apple CEO Steve Jobs greeted customers at the Apple store on University Avenue in Palo Alto.
Some customers that were able to get their hands on the $699 64GB device attempted to resell it on Craigslist for $1,000.
Piper Jaffray analyst Gene Munster initially expected that about 300,000 iPads would be sold during the weekend. The numbers were revised upwards to about 600,000-700,000 on the first day. [MercuryNews]
Categories Apple Inc., Apple iPad, Gene Munster, Piper Jaffray, Steve Jobs, Steve Wozniak
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Apple Estimated To Sell 5 Million Copies Of Snow Leopard In Q3
Apple Inc. (NASDAQ:AAPL) is expected to sell about 5 million units of Mac OS X Snow Leopard, which will be available for download and purchase this Friday August 28. This figure was estimated by consulting firm Piper Jaffray.
Jaffray estimates that about 40 million people have Mac OS X and 5 million unit sales will add $66 million to Apple’s operating income in the third quarter. Piper Jaffray wrote these figures in a note entitled Snow Leopard’s Impact Baked Into Street Ests; Aggressive Competition Vs Windows.
“This equates to as much as $0.05 in EPS impact in the quarter, assuming a 30% tax rate, but we believe the Street has largely factored this into its $1.37 EPS estimate for the Sept. quarter,” stated the note.