BlackBerry (BBRY) Turnaround Taking Hold Amid Shift from Consumer to Enterprise
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Apple (AAPL) First Weekend Sales Top Expectations - Bernstein
September 22, 2014 12:07 PM EDTBernstein analyst Toni Sacconaghi weighed in on Apple (NASDAQ: AAPL) following news that iPhone 6 and 6+ sales topped 10 million units in the first three days. He said that the first weekend sales were above their estimates of 7-8 million units, although he notes some on the Street called for 10+ million.
Sacconaghi said it important to keep in mind that "first weekend sales" are principally a function of available supply rather than iPhone demand, as they represent actual shipments to customers and channel partners vs."orders" (which may or may not have shipped). The... More
Goldman Sachs Previews BlackBerry's (BBRY) Q2
September 22, 2014 8:18 AM EDTGoldman Sachs maintained a Neutral rating on BlackBerry (NASDAQ: BBRY) ahead of Q2 results on September 26. Analyst Simona Jankowski models sales and EPS below consensus due to weaker high-margin service revenue.
"We expect BlackBerry to report F2Q (August) sales and EPS below consensus driven by weaker high-margin service revenue. Separately, BlackBerry is expected to announce its Passport smartphone on Wednesday (9/24).While we expect some revenue stabilization... More
