Apple Cheat Sheet: iPhone 5 Ban in Korea, Tim Cook Ready to Succeed Jobs
AAPL Wavers In Shaky Market
The market is wavering today on fears for Greece, however, factory activity expanded at a faster pace than expected in September as production and hiring increased. Shares of AAPL (NASDAQ:AAPL) are wobbling as well. Catalysts include the launch of the iPhone 5 tomorrow (see below); likely update of the iPad in the spring of 2012; continued growth of the Mac business line; mobile adoption in China and other emerging markets; iCloud / iOS 5 rollout and adoption; the continued evolution and next generation of Apple TV; and new platforms such as mobile advertising (iAd), books / publishing and social (Ping). Shares of Apple trade at 9.9x Enterprise Value / Trailing Twelve Months Free Cash Flow(including long-term marketable securities).
It’s Tim Cook’s Time To Shine (Reuters)
Tim Cook finally gets his chance to stride out from under Steve Jobs’ shadow, and he could not have picked a better time or device to mark his unofficial debut as Apple (NASDAQ:AAPL) CEO. The latest generation of the iPhone is expected to see the light of day tomorrow, just in time for the holidays. Even in a dismal economy, consumers should again line up in droves for a souped-up device that also marks Cook’s first major product launch since taking over from Jobs in August.
Apple To Ship Over 100 Million iPhone Units Next Year (All Things Digital)
Janney Capital Markets analyst Bill Choi believes that Apple will ship 84 million smartphone units this year alone. Next year, iPhone shipments will reach as high as 107 million units, an increase of 27%. In Apple’s fiscal second quarter ended March 26, the company sold 18.7 million iPhones. In the fiscal third quarter ended June 26, iPhone sales hit 20.3 million. Choi says that iPhone is currently shipping to 105 countries and 228 carrier networks.
Samsung Looking To Ban The iPhone 5 In Korea (The Korea Times)
According to a new report, Samsung “is seeking a complete ban” on iPhone 5 sales in Korea even before the device is released in the market stating that it’s in violation of Samsung’s wireless technology related patents. Executives are very confident about “a big breakthrough” provided the Korean giant wins in Germany. Apple is Samsung’s largest customer for NAND flash memory and custom-built A4 and A5 processors. As such, Apple has been reportedly looking at alternative suppliers and considering TSMC for future supplies.
Apple Seeking Worldwide Music Rights For iCloud CNET
Apple (NASDAQ:AAPL) is attempting to shore up last minute deals with various record companies that would net Apple international music licenses for its upcoming iCloud service. If the company is successful in achieving these deals, an announcement to that effect could be made at Apple’s upcoming media event tomorrow. As it stands now, no deals have yet been signed, but the negotiating parties are reportedly close to signing on the dotted line.
iOS Dominates Mobile Browsing, Mac Market Share On The Rise (Net Applications)
Net Applications released its Market Share for Mobile and Desktop report for September. Some highlights:
- Despite Android outselling iPhones, devices with iOS continue to have the largest mobile Internet market share, topping out this week at a record 54.7% based on data gathered from 40,000 websites. And the competition trails far behind: JAVA ME comes in at 18.5%, Android at 16.3%, Symbian (Nokia) at 6.1%, while Research in Motion has only a 3.3% share.
- The Mac saw one of its sharpest gains in the past year and was up nearly half a point in desktop share to 6.5%. Apple’s stake in computers has grown by nearly a quarter in the past year. Nearly all of the gain was at Windows’ expense.
Still significant gains to be had on the personal computer side.
Read more cool stories at Business Insider.