News Archive for 08/01/23

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Apple's Web traffic up 18%

01/23, 6:15pm

Apple's Web, store traffic up in holiday quarter

Traffic to Apple's website grew 18 percent over the same period last year, according to Nielsen Online. The Cupertino-based company's traffic jumped from a three-month average monthly unique audience of just under 40 million to 46.8 million. Statistics reveal a 14 percent growth in total minutes spent at Apple's website this year over last year, from 8.8 billion minutes in the fourth quarter of 2006 to 10 billion in the fourth quarter of 2007.

AmTech: Upgrade iPods

01/23, 10:30am

AmTech: Apple must upgrade iPods

Apple must substantially upgrade its iPods in order to rescue sales, says Shaw Wu of American Technology Research. While revenue growth from iPods was 17 percent in the last quarter, the fastest of the past four, the company only sold approximately 22 million iPods, when consensus views were predicting 24 to 25 million. This likewise represents a mere 5 percent growth year-over-year, in spite of the fact that Apple recently made major changes by introducing the Touch and adding video to the Nano.

Piper: Apple still a 'buy'

01/23, 9:30am

Piper: Apple a 'buy' despite stock slide

Apple stock should still be rated a "buy," despite its recent stock slide, say Gene Munster and Michael Olson from the research firm Piper Jaffray. The analysts first deconstruct the reasons for the drop: foremost may be Apple's guidance for the March quarter, which has an EPS 15 percent below expectations from The Street, at $0.94, but with revenue only 2 percent lower, at $6.8 billion. Year-over-year iPod growth was also only 5 percent in the December quarter, versus 50 percent in the same period of 2006. Finally, the state of the economy may be deterring even wealthier people from buying expensive electronics.