For Immediate Release
Chicago, IL – April 16, 2010 – 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), Vodafone (VOD), Telefonica (TEF), France Telecom (FTE) and AT&T (T).
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Here are highlights from Thursday’s Analyst Blog:
Apple iPads in Short Supply
Apple Inc. (AAPL) has decided to postpone the launch of its iPad in international markets to the end of May 2010 (initially expected to be launched by the end of April). The company cited strong U.S. demand, which exceeded supply, as the reason for the postponement. The company is expected to announce international pricing and begin taking online pre-orders on May 10.
International markets have become an important driver of growth for AAPL as it has increased its presence in international markets via iPhones and iPods. International sales accounted for 58% of total revenue in the first quarter of 2010 (most recent quarter) compared to 46% of total revenue in the first quarter of 2009.
Apple’s shares are now trading at an all-time high, as investors are more focused on the rising demand for the iPad, accepting the near-term delay in shipments.
According to sources, Vodafone (VOD) will be the carrier for iPad in Australia, Germany, Italy, Spain and the UK. Telefonica’s (TEF) O2 will offer the iPad in the UK only while France Telecom’s (FTE) Orange will offer the iPad in France, UK, Spain and Switzerland. All the three carriers will offer their pricing plans by the end of May.
We believe that the international rollout will help it grow higher revenues in 2010 and higher margins from additional sales.
The iPad is available only in the U.S. for now and is priced at just $499 for the 16GB model, going up to $599 for the 32GB model and $699 for 64GB (only for the Wi-Fi model). The 3G version of the same device will sell for $629 and will not include monthly fees to AT&T (T) for wireless service.
Recently, market research firm iSuppli estimated that the raw materials used for the 16 GB WiFi iPad will cost $260, compared to its earlier estimate of $230. This implies that overall gross margins for the iPad may be lower than previously expected.
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