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In recent articles I highlighted the acceleration in iTunes App downloads where the rate is approaching 18 million apps per day and the cumulative total apps which is about to overtake the cumulative songs downloaded. We now turn our attention now to constructing the iTunes income statement: namely total sales, gross margins and deduce its [...]

I took the venerable Consumer Platform Adoption Ramps chart and added Android and the latest data on iTunes, iPod and iOS. To make it more readable (but conceptually more complicated) I put the data on a log chart. Discussion The time span covered is nine and a half years. The top of the graph marks [...]

Based on the new iOS units numbers released I revised at the numbers for next quarter and it’s very probable that EPS will be over $5.25. As recently as 2007 Apple was priced 50x one year’s earnings. Now it’s priced 47x one quarter’s earnings. Should we consider applying old yearly earnings multiples to quarterly earnings as [...]

Ghai now estimates that Apple will sell 5.75 million iPads in the quarter that ends Sept. 25, up from an earlier estimate of 5 million, and 22 million in fiscal 2011, up from 19.5 million. via The iPad as Trojan horse – Apple 2.0 – Fortune Tech. That’s very close to my estimate of 21 [...]

Flush with $45 billion in cash and investments ($50 per share) and no debt, Apple sports an enterprise value of about $190 per share. Compare that to $15 of earnings this year and enough catalysts to make next year’s estimate of $18 seem easily attainable, and you have a stock that actually trades at a [...]

Brian Marshall, an analyst with investment firm Gleacher & Co., predicts that Apple will have sold 200 million iOS devices by this time next year. He expects the iPhone and iPad to represent 68 percent of gross margins for 2010. via Apple’s mobile OS could move to more devices. My expectations for the next 100 [...]

Only on Asymco… Let your fingers do the walking through Apple’s income statements since FQ1 2005. Glide effortlessly through juicy bits of assets and liabilities. Slide your finger through nineteen quarters of financial goodness. A special bonus: included is a separate visualization of Apple’s liquid assets: cash, cash equivalents, Short-term marketable securities and Long-term marketable [...]

The world’s largest mobile-phone maker’s bonds are trading as if Nokia’s rating has been cut, with spreads over government debt widening as the company strives to develop devices with the same mass appeal as the iPhone, Research In Motion Ltd.’s BlackBerry and devices based on Google Inc.’s Android software. There’s a “significant amount of risk [...]

In the last mobile market update series I wrote of  the evolution of market share, the shift in where dollars are spent, the tale of ASP erosion, profitability ratios over time and EBIT share over time. I did not include all vendors for various good reasons. The first survey (market share) did include an “others” category that made [...]

The mobile phone market is intertwined with the telecommunications industry which is vast and there are numerous competitors which are much more dynamic and better capitalized than the moribund PC or music player vendors. It’s also a regulated and fragmented global market with 1.2 billion units and 5 billion consumers—far greater than any of the [...]