Oppenheimer on Communication and Cloud Services: Updating 2H12 Wireless Estimates
Tweet Send to a FriendGet Alerts AAPL Hot Sheet
Price: $442.93 +2.23%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade AAPL Now!
Oppenheimer on Communication and Cloud Services: Updating 2H12 Wireless Estimates
Analyst, Timothy Horan, said, "Apple (Nasdaq: AAPL) looks set to launch the iPhone 5 on September 21st, about two weeks earlier than we had previously modeled. As a result, we are shifting handset subsidy expenses from the 4th quarter into the 3rd. We expect demand to be very strong for the iPhone 5 as it is the first iPhone that has a whole new form factor on the latest network technology, and we see LTE as a meaningful differentiator. We are also updating our industry adds for what we believe to be very strong results at Verizon (NYSE: VZ) (shared data, LTE and PTT helped). Last, we have comments on the new Amazon (Nasdaq: AMZN) / AT&T (NYSE: T) Kindle joint venture, which is one of the most meaningful announcements in wireless this year."
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Timothy Horan, said, "Apple (Nasdaq: AAPL) looks set to launch the iPhone 5 on September 21st, about two weeks earlier than we had previously modeled. As a result, we are shifting handset subsidy expenses from the 4th quarter into the 3rd. We expect demand to be very strong for the iPhone 5 as it is the first iPhone that has a whole new form factor on the latest network technology, and we see LTE as a meaningful differentiator. We are also updating our industry adds for what we believe to be very strong results at Verizon (NYSE: VZ) (shared data, LTE and PTT helped). Last, we have comments on the new Amazon (Nasdaq: AMZN) / AT&T (NYSE: T) Kindle joint venture, which is one of the most meaningful announcements in wireless this year."
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17
- SolarCity (SCTY) Showing 'Bubble-Like' Characteristics - Raymond James
- Goldman Sachs Upgrades Abbott Labs (ABT) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Retail Sales, Trader TalkRelated Entities
Kindle
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
