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Zacks Analyst Blog Highlights: Apple Inc., China Unicom, Nokia, Research In Motion and Palm Inc.
For Immediate Release
Chicago, IL – October 21, 2009 – 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. (AAPL - Analyst Report), China Unicom (CHU - Analyst Report), Nokia (NOK - Analyst Report), Research In Motion (RIMM - Analyst Report) and Palm Inc. (PALM - Snapshot Report).
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Here are highlights from Tuesday’s AnalystBlog:
Apple: 2nd Highest Growth Ever
Apple Inc. (AAPL - Analyst Report) released Snow Leopard, the latest upgrade to the Apple Mac operating system in the quarter. In addition, Apple announced new upgrades to its iTunes and the iPod digital media players at a media event in Sep. The company plans to release iPhones in China via China Unicom (CHU - Analyst Report) and entered into a three-year agreement to sell the iPhone 3G and 3GS in the country. We continue to believe that Apple will outperform its peers, given its strong iPhone sales and new product launches.
For the first quarter of fiscal 2010, Apple expects revenue in the range of $11.3 billion to $11.6 billion. EPS is expected to be in the range of $1.70 to $1.78. While this is below the Zacks Consensus Estimate of $1.92, the company traditionally gives extremely conservative guidance.
Apple posted impressive results in the quarter, fueled by strong Mac and iPhone sales. The company has undergone a total turnaround from a loss of 7 cents per share in 2001 to a profit of $6.29 per share in fiscal year 2009. Apple reported strong 2009 results with increased revenue and earnings growth despite the recession, while its rivals Nokia (NOK - Analyst Report), Research In Motion (RIMM - Analyst Report) and Palm Inc. (PALM - Snapshot Report) are still struggling to recover from the recession’s impact on consumer spending.
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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.
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About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics 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.
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