Oppenheimer on Communication and Cloud Services: Updating 2H12 Wireless Estimates
Tweet
Share
E-mailGet Alerts AAPL Hot Sheet
Price: $309.35 -0.63%
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Join SI Premium – FREE
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."
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."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Emkay Global Starts Urban Company (URBANCO:IN) at Buy (1)
- Apple Cuts Jobs in Siri, Vision Pro 3D Video and Gaming Teams - Bloomberg
- Cummins (CMI) PT Lowered to $675 at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Retail Sales, Trader TalkRelated Entities
KindleSign 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!
