All Eyes On Apple - AAPL - Apple delivers big

Apple Inc. (NASDAQ: AAPL) is one of the Top 20 Innovators of The Innovation Index, and the number one Innovator in the world. Innovation Index Group, Inc. has a BUY recommendation for Apple with Q4, 2008 price target of $235 to $250.

Analysts were expecting Apple to earn $1.07 on revenue of $6.96 billion - earnings growth of 23% and revenue growth of 32% year over year.

How many iPods will Apple sell in the quarter? How many iPhones? Will Apple announce the new iPhone availability today? How about the growth of Mac sales?

Last quarter which is normally Apple's best quarter owing to the holiday season, "Apple shipped 2,319,000 Macintosh® computers, representing 44 percent unit growth and 47 percent revenue growth over the year-ago quarter. The Company sold 22,121,000 iPods during the quarter, representing five percent unit growth and 17 percent revenue growth over the year-ago quarter. Quarterly iPhone™ sales were 2,315,000."

For the first quarter of 2007 (one year ago quarter), Apple "shipped 1,517,000 Macintosh® computers and 10,549,000 iPods during the quarter, representing 36 percent growth in Macs and 24 percent growth in iPods over the year-ago quarter." Apple iPhone was not shipping yet.

If Apple were to grow at least 15% year over year, Apple should ship at least 1,744,000 new Macintosh computers and 12,131,000 new iPods; and if Apple iPhone were to hit 12 million unit sales in 2008, Apple should ship at least 2 million iPhones in the first quarter.

All eyes will be on Apple as the quarterly earnings are announced.

Earnings Announcement

Apple Inc. "announced financial results for its fiscal 2008 second quarter ended March 29, 2008. The Company posted revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share. Apple revenue increased by 43%, and net profit increased by 36%. These results compare to revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share, in the year-ago quarter. Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter's revenue.

Apple shipped 2,289,000 Macintosh(R) computers during the quarter, representing 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. The Company sold 10,644,000 iPods during the quarter, representing one percent unit growth and eight percent revenue growth over the year-ago quarter. Quarterly iPhone(TM) sales were 1,703,000"

Great Earnings Report from Apple. Although Apple had provided a very conservative quarterly forecast in January, 2008, Apple beat the high end estimates on revenue, and came on the high end estimates on earnings for the quarter. Apple once again gave a conservative outlook for the future. The street should get an idea now. Mac business is solid. iPod volume business is stalling, however Apple is selling higher priced iPods. iPhone business is strong, and Apple is on track to sell 10 million or higher iPhones in 2008.

Is Apple winning marketshare against Windows Vista? Apple had a strong surge in Mac business. Can Apple reclaim the position, slowly but surely, in the PC business? Apple has a really long way to go.... but if Apple can get to the 10% marketshare of the overall PC business worldwide, this would mark a significant milestone and signal a shift.

Watch out for Apple in Q4, 2008!
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Apple iPod - Apple's Best Innovation
Apple introduces new iPhone and new iTouch
Apple Inc. (NASDAQ: AAPL) Kicks Off 2008 with Bold...

About Innovation Index Group:

Innovation Index Group, Inc. is a new investment management company focused on systematically identifying, tracking and investing in the most innovative publicly traded companies in North America – collectively called the Innovation Index. We have developed the Innovation Index Fund, LLC as our first vehicle to invest in the Innovation Index.

Innovation Index Group, Inc. and Innovation Index Fund LLC are registered California Corporations, and member of the Irvine Chamber of Commerce in Orange County. Further, Innovation Index Fund LLC is a private placement investment partnership organized under the California state regulations.

The Innovation Index Reports:

Invest in The Innovation Index - Innovation Index Fund tracks The Innovation Index
The Innovation Index closes 2007 at 66% - 2007 Annual Report on the Innovation Index
Top 50 Innovative Companies in the world - 2007 Report on Top 50 Innovative Companies
Annual Report - Chapter One - Total Innovation Activity - 2006 Annual Report One
Annual Report - Chapter Two - The Top Innovator - 2006 Annual Report Two
Annual Report - Chapter Three - The Innovation Insights - 2006 Annual Report Insights
Innovation and Stock Performance Correlation - The Innovation Index and Stock Performance

About The Innovation Index

The Innovation Index introduced in December 2006 is a weighted stock price index of the top 20 Innovators in North America.

The Innovation Index returned 66% in 2007, and returned 174% over the previous five years (2002-2006). This assumes equal investment in each stock of The Innovation Index as of December 31, 2001. An average of $100 invested in The Innovation Index on December 31, 2001 returned $454 as of December 31, 2007. By comparison, $100 invested in S & P 500 returned 28% or $129, $100 invested in NASDAQ returned 34% or $136, and $100 invested in the Dow Jones Index returned 30% or $131 through December 31, 2007. The Innovation Index beats the S & P 500, NASDAQ and Dow Jones Index by more than seven times over the past six years.*

Alphabetical list of the Top 20 Innovators of The Innovation Index for 2008 and their stock ticker symbols:

3M Company - (NYSE: MMM)
Amazon.com, Inc. - (NASDAQ: AMZN)
America Movil - (NYSE: AMX)
Apple Inc. - (NASDAQ: AAPL)
AT&T Inc. - (NYSE: T)
Best Buy Co., Inc. - (NYSE: BBY)
Cisco Systems, Inc. - (NASDAQ: CSCO)
Costco Wholesale Corporation - (NASDAQ: COST)
eBay Inc. - (NASDAQ: EBAY)
General Electric Co. - (NYSE: GE)
Google Inc. - (NASDAQ: GOOG)
Hewlett-Packard Co. - (NYSE: HPQ)
Intel Corporation - (NASDAQ: INTC)
International Business Machines Corp. - (NYSE: IBM)
Merck & Co., Inc. - (NYSE: MRK)
McDonald's Corporation (NYSE: MCD)
Microsoft Corporation - (NASDAQ: MSFT)
NIKE, Inc. - (NYSE: NKE)
Research In Motion Limited - (NASDAQ: RIMM)
The Proctor & Gamble Company - (NYSE: PG)

The Innovation Index will analyze the positions and standings of the Top 20 Innovators at the end of each year. For 2008, there will be no further changes in The Innovation Index.
Disclaimer: The Innovation Index Group, Inc. invests in the stocks comprising The Innovation Index.
*Past Performance Does Not Guarantee Future Results

Apple introduces new iPhone and new iTouch

Apple Inc. (NASDAQ: AAPL) today added new models of the iPhone(TM) and iPod(R) touch which have "double the memory, doubling the amount of music, photos and videos that customers can carry with them wherever they go." In January, in my article on:

Apple Inc. (NASDAQ: AAPL) Kicks Off 2008 with Bold New Innovations I discussed many of the new innovations at Apple and the impact.

Apple Inc. (NASDAQ: AAPL) is one of the Top 20 Innovators of The Innovation Index.

The revolutionary iPhone now comes in a new 16GB model for $499, joining the 8GB model for $399. iPod touch now comes in a 32GB model for $499, joining the 16GB model for $399 and the 8GB model for $299.

Both iPhone and iPod touch feature Apple's revolutionary Multi-Touch(TM) user interface and pioneering software that allows users to find and enjoy all their music, videos, photos and more with just a touch of their finger. All iPhone and iPod touch models include the latest software enhancements announced last month including the ability to automatically find your location using the new Maps application*; create Web Clips for your favorite websites; customize your home screen and watch movies from the new iTunes(R) Movie Rentals. Both iPhone and iPod touch feature the world's most advanced mobile web browser in the world with Safari(TM) and great mobile applications including Mail, Maps, Stocks, Weather and Notes.

Bottomline:
More memory! Yes, both iPhone and iPod Touch users want this, and crave for this so that they can add all the songs, music, videos and more. But Apple may have priced the 32GB iPod Touch at $499 out of the market. This was a great opportunity for Apple to reduce the price by $50 for each of the iPod Touch, and effectively price the new iPod Touch at $399 instead. iPod Touch is perhaps the best iPod to date, and considering that Apple came a bit short last quarter on the total iPods sold (versus analyst expectations), Apple may need to price iPod Touch more aggressively. On the other hand, the new iPhone is priced right at $499, however should have come with 32 GB instead to keep it consistent with the iPod Touch. Apple customers will welcome the new iPhones and iPods.

Download Apple's Innovation Strategy and Learn how Steve Jobs made Apple the #1 Innovative company in the world.

Download Now

The Innovation Index Reports: Introducing The Innovation Index Fund - Invest into The Innovation Index
Top 50 Innovative Companies in the world - 2007 Report on Top 50 Companies
Annual Report - Chapter One - Total Innovation Activity - 2006 Annual Report One
Annual Report - Chapter Two - The Top Innovator - 2006 Annual Report Two
Annual Report - Chapter Three - The Innovation Insights - 2006 Annual Report Insights
Innovation and Stock Performance Correlation - The Innovation Index and Stock Performance

About The Innovation Index

The Innovation Index introduced in December 2006 is a weighted stock price index of the top 20 Innovators in North America.

The Innovation Index returned 66% in 2007, and returned 174% over the previous five years (2002-2006). This assumes equal investment in each stock of The Innovation Index as of December 31, 2001. An average of $100 invested in The Innovation Index on December 31, 2001 returned $454 as of December 31, 2007. By comparison, $100 invested in S & P 500 returned 28% or $129, $100 invested in NASDAQ returned 34% or $136, and $100 invested in the Dow Jones Index returned 30% or $131 through December 31, 2007. The Innovation Index beats the S & P 500, NASDAQ and Dow Jones Index by more than seven times over the past six years.

Alphabetical list of the Top 20 Innovators of The Innovation Index for 2008 and their stock ticker symbols:

3M Company - (NYSE: MMM)
Amazon.com, Inc. - (NASDAQ: AMZN)
America Movil - (NYSE: AMX)
Apple Inc. - (NASDAQ: AAPL)
AT&T Inc. - (NYSE: T)
Best Buy Co., Inc. - (NYSE: BBY)
Cisco Systems, Inc. - (NASDAQ: CSCO)
Costco Wholesale Corporation - (NASDAQ: COST)
eBay Inc. - (NASDAQ: EBAY)
General Electric Co. - (NYSE: GE)
Google Inc. - (NASDAQ: GOOG)
Hewlett-Packard Co. - (NYSE: HPQ)
Intel Corporation - (NYSE: INTC)
International Business Machines Corp. - (NYSE: IBM)
Merck & Co., Inc. - (NYSE: MRK)
McDonald's Corporation (NYSE: MCD)
Microsoft Corporation - (NASDAQ: MSFT)
NIKE, Inc. - (NYSE: NKE)
Research In Motion Limited - (NASDAQ: RIMM)
The Proctor & Gamble Company - (NYSE: PG)

The Innovation Index will analyze the positions and standings of the Top 20 Innovators at the end of each year. For 2008, there will be no further changes in The Innovation Index.

Disclaimer: The Innovation Index Group, Inc. invests in the stocks comprising The Innovation Index.

References:

http://www.apple.com

Originally published at:
Apple introduces new iPhone and new iTouch

Apple Inc. (NASDAQ: AAPL) Kicks Off 2008 with Bold New Innovations

Apple Inc. (NASDAQ: AAPL) is one of the Top 20 Innovators of The Innovation Index.

Apple had an outstanding 2007 - the stock price and market cap more than doubled and finished upwards of 130% owing to such game changing innovations including the new iPhone, the new iPod Touch, and the all new Mac OS – Leopard, and on the strengths of the growing iPod and Mac business. Is iPod, Apple’s best innovation? Or has the new iPhone toppled the venerable iPod?

On the business front, Apple executed and fired on all cylinders, and beat the earnings estimates every quarter. Apple business grew from $19.3 billion in 2006 to $27 billion in 2007, a solid increase of 24%, and net profits grew from $1.98 billion to $3.49 billion, a huge increase of 76%. Apple sold more than 4 million iPhones in 2007. The street expects Apple to sell more than 25 million iPods in the latest quarter, the busiest revenue quarter traditionally.

According to Marketwatch story, “Retail research firm NPD Group says Apple's iPods still maintain a lock on the top spot in U.S. sales of digital music and media players, with as much as 75% of the market.” What are the hottest selling Apple products in the retail stores? The MacBook laptops, the new iPod touch and the video-playing iPod nano digital media players could be the winners in the latest quarter. On the other hand, the revolutionary iPhone not only created a new market and business for Apple in the SmartPhones marketplace, it also paved the way for new innovations including the iPod Touch, that alone created a new segment of buyers in the MP3 players market. Finally, Leopard, the latest Mac operating system, found a stronghold in the Apple crowd with a host of new innovations including the Time Machine, a redesigned Finder, Quick Look, Spaces, and Stacks. Leopard sold more than two million copies in just the first weekend, and we expect Apple to sell more than four million Leopards during the latest quarter.

Apple once again proved to the naysayer that new innovations could create new markets, which in turn can fuel new business and new growth for the business. To the consumers – especially the teenagers, the young adults and the growing Apple community – Apple remains the space-age leader, the king of innovations.

Can Apple top 2007?

One thing is certain with Apple and Steve Jobs: It does not idle. It does not rest. It does not quit.

Apple kicked off 2008 with planned new innovations that espouse unbridled creativity.

The most significant announcement from Apple came in the heavily crowded laptop segment:

MacBook Air

At the MACWorld, Apple® introduced “MacBook® Air, the world’s thinnest notebook. MacBook Air measures an unprecedented 0.16-inches at its thinnest point, while its maximum height of 0.76-inches is less than the thinnest point on competing notebooks. MacBook Air has a stunning 13.3-inch LED-backlit widescreen display, a full-size and backlit keyboard, a built-in iSight® video camera for video conferencing, and a spacious trackpad with multi-touch gesture support so users can pinch, rotate and swipe. MacBook Air is powered by a 1.6 GHz or 1.8 GHz Intel Core 2 Duo processor with 4MB L2 cache, and includes as standard features 2GB of memory, an 80GB 1.8-inch hard drive, and the latest 802.11n Wi-Fi technology and Bluetooth 2.1.
“We’ve built the world’s thinnest notebook—without sacrificing a full-size keyboard or a full-size 13-inch display,” said Steve Jobs, Apple’s CEO. “When you first see MacBook Air, it’s hard to believe it’s a high-performance notebook with a full-size keyboard and display. But it is.”

Here are some of the key new innovations introduced by MacBook Air:

·Thinnovation – or Thin Innovation – the awesome size of the laptop, or lack thereof. The thin design is another testament to the design innovation prowess of Apple.

·Vibrant 13.3-inch LED-backlit glossy widescreen display that is energy efficient

·Spacious trackpad that offers multi-touch gesture support for pinch, rotate and swipe, making it more intuitive than ever to browse and rotate photos or zoom into web pages in Safari™.

·Backlit keyboard that makes it ideal for dimly lit environments such as airplanes, studios or conference halls

·Built-in ambient light sensor that automatically adjusts the brightness of the keys as well as the display brightness for optimal visibility.

·Up to five hours of battery life for wireless productivity and includes AirPort Extreme® 802.11n Wi-Fi networking, which delivers up to five times the performance and twice the range of 802.11g (according to Apple).

MacBook Air does not have an optical drive for playing DVDs or installing software from DVDs or CDs. Apple does provide the Remote Disc feature that allows you to access the DVD or CD drive of a nearby Mac or Windows PC.
Can MacBook Air find a new segment of buyers beyond the loyal Apple base? Would students and teachers rush to buy the MacBook Air? The largest segment of laptop buyers are the business users. Would a business user buy the MacBook Air? Is it compelling enough? What percentage of business users will convert to MacBook Air? These questions will be answered during the course of 2008. For now, MacBook Air is poised to create new growth for Apple in the Mac business line and create sales of over 5 million units in 2008.

iPod Touch
Another key innovation introduced by Apple is “a major software upgrade for the iPod® touch, making the best iPod into even more—the world’s best Wi-Fi mobile device. iPod touch customers already have the most advanced mobile web browser in the world with Safari™, and now Apple is adding five more great mobile applications—Mail, Maps, Stocks, Weather and Notes. The iPod touch software upgrade also includes new features such as Web Clips, a customizable home screen and beginning today, the ability to watch iTunes® Movie Rentals. New iPod touch products shipping from the factory will include the software upgrade and existing iPod touch customers can get the software upgrade for $19.99 by purchasing and downloading it from iTunes.”
The new upgrade will be a blessing for iPod Touch customers. Apple may be bowed to sell the upgrade for free within three to six months; for now, Apple will benefit from incremental revenue from the fifty percent or so iPod Touch customers who will upgrade.

iPhone
Apple also upgraded the iPhone with a free software update “that allows users to automatically find their location using the redesigned Maps application*; text message multiple people in one message; create Web Clips for their favorite websites; customize their home screen; and watch movies rented from the new iTunes® Movie Rentals right on their iPhone.” Now, the loyal iPhone users are locked in for good. For the ones craving to use their iPhones with a real keyboard, perhaps Apple or an Apple partner can provide a basic keyboard accessory. We believe this will increase the market for the Apple iPhone manifolds – a simple keyboard accessory that plugs and plays into the Apple iPhone allowing the non-converts the ability to type away their emails and instant messages without having to learn to tap and enter.

Time Capsule
Apple also introduced Time Capsule, “a backup appliance that automatically and wirelessly backs up everything on one or more Macs running Leopard™, the latest release of Apple’s Mac OS® X operating system including the amazing Time Machine™ automatic backup software. Time Capsule combines an 802.11n base station with a server grade hard disk in one small package. Simply plug it in, then easily set up automatic wireless backup for every Mac® in your house to a single Time Capsule with just a few clicks. Time Capsule offers the benefits of a full-featured 802.11n Wi-Fi base station, and comes in two models: a 500 gigabyte model for just $299 and a 1 terabyte model for just $499.”
Time Capsule is a boon to a small percentage of loyal Mac customers who want backup, and want the best solution in the marketplace. Most Macs feature plenty of hard-disk space though, and most customers do not backup. Can Apple change the customers’ behavior towards making backups an essential part of their lives? Perhaps the business users will buy Time Capsule. The home users will wait.
The feature that is more interesting in the Time Capsule is “the full-featured Wi-Fi base station with the latest 802.11n technology.” “Delivering up to five times the performance and twice the range of 802.11g, 802.11n* is built in to Apple’s iMac® desktop and the entire Mac notebook line up, including MacBook®, MacBook Pro and the new MacBook Air. Time Capsule features a sleek design with a built-in power supply and connections to print wirelessly to a USB printer. With Time Capsule, it’s very easy for users to create a secure, wireless network for up to 50 users and set security restrictions such as Internet access limits for children’s computers.” The wireless networking elements of Time Capsule would be the real hook for homebuyers.

iTunes Movie Rentals

Apple made movie history with the announcement of iTunes Movie Rentals. iTunes® Movie Rentals feature movies from all the major movie studios including 20th Century Fox, The Walt Disney Studios, Warner Bros., Paramount, Universal Studios Home Entertainment, Sony Pictures Entertainment, Metro-Goldwyn-Mayer (MGM), Lionsgate and New Line Cinema. iTunes Users can rent movies for as low as $2.99 and watch them on their Macs or PCs, all current generation iPods*, iPhone™ and Apple TV®. iTunes Movie Rentals will offer over 1,000 titles by the end of February, including over 100 titles in stunning high definition video with 5.1 Dolby Digital surround sound which users can rent directly from their widescreen TV using Apple TV. iTunes Movie Rentals are priced at $2.99 for library titles and $3.99 for new releases, and high definition versions are just one dollar more with library titles at $3.99 and new releases at $4.99.

Apple has positioned itself well for the growth of online movie rentals business. Last year, I wrote about Blockbuster versus Netflix – Winner takes All and talked about the real possibility of Apple and Amazon.com (NASDAQ: AMZN) staying and competing with these companies in the race for online movie rental business. Amazon.com is also one of the Top 20 Innovators of The Innovation Index. If the online movie rental business takes off in 2008, look out!

Mac Pro Business

Apple also introduced “the new Mac® Pro with eight processor cores and a new system architecture that delivers up to twice the performance of its predecessor*. The new Mac Pro combines two of Intel’s new 45 nanometer Quad-Core Xeon processors running up to 3.2 GHz, powerful new graphics and up to 4TB of internal storage to offer the ideal system for creative professionals, 3D digital content creators and scientists. The standard 8-core configuration starts at just $2,799.” And Apple® introduced the new Xserve®, a 1U rack-optimized server that is up to twice as fast as its predecessor* and includes an unlimited client license for Mac OS® X Server Leopard™. Starting at just $2,999, the new Xserve has up to two Quad-Core 3.0 GHz Intel Xeon processors for 8-core performance, a new server architecture, faster front side buses, faster memory, up to 3TB of internal storage and two PCI Express 2.0 expansion slots for greater performance and flexibility.

Apple is trying to make a dent in the business segment, and the gaming, web hosting and graphics workstation markets. It remains to be seen how much of a new business these new Mac Pros and Xserve will carve out for Apple in 2008.

Apple 2008 Outlook

How will Apple perform in 2008? The Apple stock will do just fine; although recently, the stock has lost about 20% of its value from a high of over $200, we believe that Apple stock will end 2008 in the neighborhood of $250, or a growth of at least 25%. Apple will have another solid year for iPod, iPhone, Mac and Leopard business lines. Apple will provide a cautious outlook for 2008 sales owing to current economic conditions; however, it will easily exceed the earnings estimates for the current and subsequent quarters owing to strength in its core business including the iPod and Macs, and growth in new business lines including iPhone and Leopard. Most iPod users will begin upgrading to iPod Touch when the base memory increases to around 40 GB. Macs will give PCs a run for the money. iPhone will go global. The icing on the cake could be the growth of iTunes Movie Rentals.

Download Apple's Innovation Strategy and Learn how Steve Jobs made Apple the #1 Innovative company in the world.

Download Now

The Innovation Index Reports:Introducing The Innovation Index Fund - Invest into The Innovation Index
Top 50 Innovative Companies in the world - 2007 Report on Top 50 Companies
Annual Report - Chapter One - Total Innovation Activity - 2006 Annual Report One
Annual Report - Chapter Two - The Top Innovator - 2006 Annual Report Two
Annual Report - Chapter Three - The Innovation Insights - 2006 Annual Report Insights
Innovation and Stock Performance Correlation - The Innovation Index and Stock Performance
The Innovation Index gallops to 56% - Quarterly Report - Q3, 2007

About The Innovation Index

The Innovation Index introduced in December 2006 is a weighted stock price index of the top 20 Innovators in North America.

The Innovation Index returned 66% in 2007, and returned 174% over the previous five years (2002-2006). This assumes equal investment in each stock of The Innovation Index as of December 31, 2001. An average of $100 invested in The Innovation Index on December 31, 2001 returned $454 as of December 31, 2007. By comparison, $100 invested in S & P 500 returned 28% or $129, $100 invested in NASDAQ returned 34% or $136, and $100 invested in the Dow Jones Index returned 30% or $131 through December 31, 2007. The Innovation Index beats the S & P 500, NASDAQ and Dow Jones Index by more than seven times over the past six years.

Alphabetical list of the Top 20 Innovators of The Innovation Index for 2008 and their stock ticker symbols:

3M Company - (NYSE: MMM)
Amazon.com, Inc. - (NASDAQ: AMZN)
America Movil - (NYSE: AMX)
Apple Inc. - (NASDAQ: AAPL)
AT&T Inc. - (NYSE: T)
Best Buy Co., Inc. - (NYSE: BBY)
Cisco Systems, Inc. - (NASDAQ: CSCO)
Costco Wholesale Corporation - (NASDAQ: COST)
eBay Inc. - (NASDAQ: EBAY)
General Electric Co. - (NYSE: GE)
Google Inc. - (NASDAQ: GOOG)
Hewlett-Packard Co. - (NYSE: HPQ)
Intel Corporation - (NYSE: INTC)
International Business Machines Corp. - (NYSE: IBM)
Merck & Co., Inc. - (NYSE: MRK)
McDonald's Corporation (NYSE: MCD)
Microsoft Corporation - (NASDAQ: MSFT)
NIKE, Inc. - (NYSE: NKE)
Research In Motion Limited - (NASDAQ: RIMM)
The Proctor & Gamble Company - (NYSE: PG)

The Innovation Index will analyze the positions and standings of the Top 20 Innovators at the end of each year. For 2008, there will be no further changes in The Innovation Index.

Disclaimer: The Innovation Index Group, Inc. invests in the stocks comprising The Innovation Index.

References:

Apple Inc. (NASDAQ: AAPL) Kicks Off 2008 with Bold New Innovations