The Zacks Analyst Blog Highlights: Apple, Google, Sony, Microsoft and Amazon.com
CHICAGO, April 4, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Apple Inc. (Nasdaq: AAPL), Google Inc. (Nasdaq: GOOG), Sony Corp (NYSE: SNE ), Microsoft Corp. (Nasdaq: MSFT) and Amazon.com Inc. (Nasdaq: AMZN).
(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Tuesday's Analyst Blog:
Apple's New iPad Shines
Apple Inc. (Nasdaq: AAPL) proved its popularity yet again as the Consumer Reports' list adjudged the "new iPad" to be number one in the tablet market. Apple won over the allegations of the third generation 4G enabled device emitting excess heat to snatch the top rank.
Consumer Reports noted that the heat emission issue was rampant among other tablets such as Google Inc.'s (Nasdaq: GOOG) Android based Samsung's Galaxy Tab 10.1 and Asus Transformer Prime when put through similar working conditions as the iPad while "playing a demanding game with the screen fully bright".
Alongside the "new iPad" in the popularity list, Toshiba's ultra-light, Excite 10LE tablet version and Sony Corp's (NYSE: SNE )Tablet P were also included, both Android-based tablets.
Since its launch earlier last month, the "new iPad" has been performing exceedingly well with 3 million units being sold in the first four days of its release. The "new iPad" is touted as the next catalyst for Apple to drive home the advantage it already enjoys in the tablet market with two-thirds of market share.
The distinguishable factor that has come across for the product is its state-of-the-art Retina display, 4G connectivity, faster processing speeds and a long battery life. With enhanced visual capabilities and faster processing speeds, the "new iPad" is expected to lure avid gamers away from traditional console gaming platforms from the likes of Microsoft Corp. (Nasdaq: MSFT) and Sony.
iPads constitute a significant portion of Apple's total revenue, with sales of approximately 32.4 million units in fiscal 2011, a massive 334.0% growth from the year ago. The momentum continued in the first quarter of 2012, selling more than 15.4 million units, almost double that of the 7.4 million units sold during the year-ago period. Recognized revenues from iPad and accessories during the quarter shot up 99.0% year over year to $9.2 million.
We expect the "new iPad" to boost revenues for the current quarter and retain Apple's dominance (62.0% market share in the FY11) in the tablet market. We believe that the latest variant will help Apple storm ahead of its nearest competitors in the tablet market, including the likes of Samsung Electronics and Amazon.com Inc. (Nasdaq: AMZN), which are slowly but surely making headways in the tablet market.
We conclude that Apple remains the biggest growth story, based on its superior product pipeline, Apps, iCloud and iPhone 4S, the "new iPad" and Apple TV. Apple is also well positioned to gain from its loyal customer base and international expansion, in our view.
Despite the impending patent lawsuits in various countries, which might be an overhang on the stock in the near term, we are optimistic about the company's long-term growth prospects.
Thus, we have an Outperform rating on Apple over the long term. Currently, Apple has a Zacks #1 Rank, implying a short-term 'Strong Buy' rating.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
SOURCE Zacks Investment Research, Inc.
Web Site: http://www.zacks.com Tweet
No comments:
Post a Comment