Monday Apple Rumors: Share Price Remains Strong Even Amid Competitors’ Hype

Also, Apple’s growth in corporate computing expected to continue

   

daily apple rumors  300x180 Monday Apple Rumors: Share Price Remains Strong Even Amid Competitors' Hype

Apple Shares Hit All-Time High of $427: With Apple (NASDAQ:AAPL) expected to report record earnings and device sales during its quarterly conference call on Jan. 24, it wasn’t unreasonable to expect shares of the company to crest above their previous all-time high of $426, hit in October. What is surprising is that Apple shares broke that record on Monday morning, ahead of the launch of the International Consumer Electronics Show, which is best known as a showcase for Apple competitors rather than for Apple itself. The company’s shares hit $475.75 by mid-morning Monday. As of this writing, shares were trading below $425, but still above prices seen last week.

Apple’s Growing Business in Corporate Market Could Hit $19 Billion in 2012: According to a new report from research group Forrester (detailed at 9 to 5 Mac), Apple’s business with businesses could yield $19 billion in sales revenue before the end of the year. The Global Tech Market Outlook for 2012 and 2013 report said that Apple is redefining the corporate computing market, stealing away business sales from competitors like Microsoft (NASDAQ:MSFT), Hewlett-Packard (NYSE:HPQ), and Dell (NASDAQ:DELL). Corporate clients will purchase, according to Forrester, $10 billion in iPads and $9 billion in Mac computers over the course of 2012. Apple’s corporate business will continue to grow into 2013, with the company expected to sell $16 billion in iPads and $12 billion in Macs. Forrester believes Apple sold just $6 billion in Macs and another $6 billion in iPads in 2011.

Analyst Projects 5.5 Million in Sales of Kindle Fire for Last Quarter: It may not be moving on the scale of the iPad, but Barclays analyst Anthony DiClemente believes that Amazon‘s (NASDAQ:AMZN) Kindle Fire is no slouch in the sales department. According to a report posted Monday by All Things Digital, the analyst raised his sales estimates for Amazon’s tablet from 4.5 million during the holiday quarter to 5.5 million. He also believes Amazon will sell 18.4 million Kindle Fires in 2012 and that by 2014 the Kindle line of products will generate an additional $3.9 billion in electronic spending through Amazon’s numerous services.

As of this writing, Anthony John Agnello did not hold a position in any of the aforementioned stocks. Follow him on Twitter at @ajohnagnello and become a fan of InvestorPlace on Facebook. For more from the company, check out our previous Apple Rumors stories.


Article printed from InvestorPlace Media, http://investorplace.com/2012/01/monday-apple-rumors-aapl-share-price-remains-strong-even-amid-competitors-hype/.

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