share price
The world in thrall of Apple’s magical success
Nothing succeeds like success and the stratospheric rise of Apple’s shares in recent months defy the laws of business gravity. Its share price has been on a steroidal sprint ever since Apple became the world’s most valuable public company back in August, elbowing out long-time rival Microsoft from the tech pedestal. After the company announced its earnings for the first fiscal quarter of 2012, its share price picked even greater velocity, climbing 22% over the past three months, and sending its market cap gyrating above $650 billion. The past few days have seen its share price ascend to heart-stopping vertiginous heights, climbing over $700, in large part hopped up by the blockbusting sales of iPhone 5. Estimates say Apple would have sold between six and eight million units of iPhone5 in its first weekend on the shelves. So maddening has been the demand that over two million units sold out in the first 24 hours of its launch and they has been vanishing faster from shop shelves than would woolen sweaters from Antartica. Some analysts are predicting that the iPhone5 could eventually drive the price of Apple stock to a staggering $850 in the weeks to come. Apple’s stock price will have to to climb to $1067 for the company to hit a trillion dollars in market cap. If the success of its iPhones are an indicator, Apple can well keep marching ahead and sew up 30-60% of the mobile computing market, which seems like the easiset and fastest route for the company to touch the one trillion dollar milestone. If Apple becomes the first company on the planet to reach that goal, it would indeed be the most befitting tribute for its legendary former CEO and founder Steve Jobs.
on the hunt
Brazil could be its next big playground
China’s Lenovo Group, the world’s second-largest PC maker, will be buying out Brazil’s largest domestic PC manufacturer CCE. The deal is estimated around $150 million. Brazil is a promising consumer market where Lenovo will also be able to retail mobile phones and televisions as part of its growing product line. The company recently announced plans to build a $30 million factory there. The acquisition will also help Lenovo climb to third spot in PC sales in Brazil from the current seventh position. Many Chinese tech companies have set up base in Brazil like Foxconn, which has installed a local manufacturing facility to make phones and notebooks. Lenovo also plans to invest $100 million in research and development in its Brazilian facility over the next five years. The Brazilian technology market for smartphones, TVs, notebooks, PCs et al is worth roughly $124 billion. China continues to be Lenovo’s biggest market with 42% of sales coming from there, but due to slowing growth there, the company is rapidly scaling its operations in the fast growing and promising BRIC (Brazil, Russia, India, China) markets.
The world in thrall of Apple’s magical success
Nothing succeeds like success and the stratospheric rise of Apple’s shares in recent months defy the laws of business gravity. Its share price has been on a steroidal sprint ever since Apple became the world’s most valuable public company back in August, elbowing out long-time rival Microsoft from the tech pedestal. After the company announced its earnings for the first fiscal quarter of 2012, its share price picked even greater velocity, climbing 22% over the past three months, and sending its market cap gyrating above $650 billion. The past few days have seen its share price ascend to heart-stopping vertiginous heights, climbing over $700, in large part hopped up by the blockbusting sales of iPhone 5. Estimates say Apple would have sold between six and eight million units of iPhone5 in its first weekend on the shelves. So maddening has been the demand that over two million units sold out in the first 24 hours of its launch and they has been vanishing faster from shop shelves than would woolen sweaters from Antartica. Some analysts are predicting that the iPhone5 could eventually drive the price of Apple stock to a staggering $850 in the weeks to come. Apple’s stock price will have to to climb to $1067 for the company to hit a trillion dollars in market cap. If the success of its iPhones are an indicator, Apple can well keep marching ahead and sew up 30-60% of the mobile computing market, which seems like the easiset and fastest route for the company to touch the one trillion dollar milestone. If Apple becomes the first company on the planet to reach that goal, it would indeed be the most befitting tribute for its legendary former CEO and founder Steve Jobs.
on the hunt
Brazil could be its next big playground
China’s Lenovo Group, the world’s second-largest PC maker, will be buying out Brazil’s largest domestic PC manufacturer CCE. The deal is estimated around $150 million. Brazil is a promising consumer market where Lenovo will also be able to retail mobile phones and televisions as part of its growing product line. The company recently announced plans to build a $30 million factory there. The acquisition will also help Lenovo climb to third spot in PC sales in Brazil from the current seventh position. Many Chinese tech companies have set up base in Brazil like Foxconn, which has installed a local manufacturing facility to make phones and notebooks. Lenovo also plans to invest $100 million in research and development in its Brazilian facility over the next five years. The Brazilian technology market for smartphones, TVs, notebooks, PCs et al is worth roughly $124 billion. China continues to be Lenovo’s biggest market with 42% of sales coming from there, but due to slowing growth there, the company is rapidly scaling its operations in the fast growing and promising BRIC (Brazil, Russia, India, China) markets.
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