June 24th, 2010



Tablet computers like Apple Inc.'s iPad will outsell netbooks by 2012 and surpass desktops by 2015, a new report from Forrester Research.
"Tablet growth will come at the expense of netbooks, which have a similar grab-and-go media consumption and Web browsing use case as tablets but don’t synchronize data across devices like the iPad does," Forrester said in its report.
Analyst Sarah Rotman Epps projects a 42 percent compound annual growth rate in the number of tablets sold between now and 2015. She estimates there will be about 3.5 million tablets sold in 2010.
By 2015, only laptops will have a greater share of the market, with 42 percent, versus a projected 23 percent market share for tablets.
Epps sees tablets becoming most people's second computer, with their laptops becoming their principal computing device.
"Even though consumers may use tablets for many of the same functions for which they currently use laptops–media consumption, email, Web browsing, and light productivity – they won’t replace laptops," she said.

Read more: Tablet sales seen passing netbooks, desktops - Silicon Valley / San Jose Business Journal
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Shares in both companies fell about 3 percent as investors feared intense competition could lure away buyers of e-books, the fastest-growing segment in a moribund bookselling industry.

Profit margins on Barnes & Noble's Nook and Amazon's Kindle are estimated by analysts to be relatively modest, but the devices are important to attracting book buyers.

Apple's iPad, launched in April, can also function as an e-reader. It sold more than 2 million units in its first 60 days and its own e-bookstore has quickly won market share.

That has put pressure on Kindle and Nook, said Mike Souers, a Standard and Poor's analyst.

Barnes & Noble, which has faced sales declines at its physical bookstores for several quarters, is betting on the growth of the e-book market. In March, Barnes & Noble named William Lynch, who oversaw the development and launch of Nook, its chief executive officer.

During the 2009 Christmas holiday quarter, comparable sales at Barnes & Noble's physical stores fell 5.5 percent. The bookseller is set to report fourth quarter earnings next week.


In addition to the iPad, the Nook and Kindle also compete with Sony Corp's Reader device. Industry experts and rivals say the field will get even busier, with more e-readers expected by year-end, including one by Kobo Inc.

Borders Group Inc, the No.2 U.S. specialty bookseller behind Barnes & Noble, plans to launch an e-bookstore in coming weeks that is compatible with most devices but opted not to develop its own e-reader, citing a slew of new entrants, falling prices for the devices and the high costs behind developing a device.

In a research note in April, Goldman Sachs forecast that U.S. sales of e-books would rise by 47 percent per year to reach $3.2 billion by 2015, or 12.8 percent of total book sales, up from 3 percent this year. Goldman forecast physical book sales to slip 1 percent per year over that period.

Goldman also forecast that Apple's share of the e-book market would jump to 33 percent in 2015 from 10 percent this year, while Amazon's market share would plummet to 28 percent from 50 percent. Barnes & Noble is expected to snag 15 percent of e-book sales in five years, up from 5 percent in 2010.

Some analysts say dedicated e-readers such as Nook and Kindle are appealing because they consume less power, are easier to read on, and weigh less.

Charles Wolf, an analyst with Needham and Co, said e-readers -- despite being "primitive" when compared with the likes of the iPad -- will keep a core audience.

Amazon announced its $70 price cut to $189 hours after Barnes & Noble lowered the price on its own 3G compatible "Nook" to $199. Both had cost $259.

Barnes & Noble also introduced a new Wi-Fi-only version of the Nook for $149.

Barnes & Noble introduced Nook in October. The company is set to report its fourth-quarter earnings next Monday.

The first version of the Kindle sold for $399 in November 2007 when it was launched.

Shares in Amazon closed down 2.6 percent at $122.55, while Barnes and Noble stock finished down 3.2 percent at $16.53.

iPhone 4 sets record sale pace despite gaffe

Apple shares rose nearly 3 percent on Wednesday after it announced sales of more than 600,000 iPhone 4s, a record for just a single day of pre-orders. That put the device on track to surpass sales of its previous iPhone models as well as its iPad tablet computer, and sounded a strong challenge to rivals like Nokia Corp, which warned of weaker-than-expected sales at its phones unit.

But Apple apologized on Wednesday for having to halt sales temporarily after the surprising volume of online interest overloaded order and approval systems and supplies ran out.

Apple's website said Wednesday afternoon that products ordered then would be shipped by July 14, three weeks after the phone's scheduled June 24 launch in stores and slower than the July 2 shipment promised earlier in the day. The site was still slow on Wednesday, making it unclear if orders were going through.

The phone's exclusive U.S. carrier AT&T Inc said it had halted pre-orders and that sales would resume as soon as inventory becomes available.

The Apple faithful appeared unconcerned. Analysts say the new iPhone would likely surpass sales of the last iPhone 3GS model, about 1 million units of which moved in its first three days. Helping drive that stellar performance will be an influx of new users jumping on the smartphone boom, as well as a two-year replacement cycle for existing iPhone fans.

The first round of carrier contracts signed for the first 3G-based iPhone -- launched in 2008 -- are due to end soon, JPMorgan analyst Mark Moskowitz said in a research note.

"It's easy to forget how early we are in the adoption of this device," said BGC Partners analyst Colin Gillis, saying many had underestimated the size of the iPhone's addressable market. "There's only 50 million of them out there. 600,000 is still a drop in the bucket."

One analyst said sales of the device could reach 10 million per quarter, once Apple can meet demand.

"At some point in the next three to four months they'll catch up. That's when they'll start hitting the 10 million per quarter mark," Hapoalim Securities analyst Kevin Hunt said.

"There is probably enough demand (to hit that number) in the third quarter but there's probably not enough supply."

Another analyst, Shaw Wu of Kaufman Bros, said his eight million estimate for the quarter is probably conservative.

Some other analysts have raised concerns that Apple supply shortages -- which caused a delay in the international launch of the iPad, for instance -- would drive impatient buyers to rivals.

Apple and AT&T have incurred several recent technical and public relations embarrassments, including a security breach on the iPad that exposed email addresses of public figures, and an investigation into a missing iPhone prototype.

AT&T also said it received complaints that potential iPhone 4 customers were seeing other customers' data on its website. It did not comment on this in Wednesday's statement.

Apple unveiled the slimmer, $199 iPhone 4 last week, kicking off its fastest-ever global product roll-out to try to stay a step ahead of rivals like Google Inc in a red-hot smartphone market.

The device boasts a higher-quality screen and longer battery life, video chat via Wi-Fi, and a gyroscope sensor for improved gaming.


Shares of Apple, still hovering near a lifetime high, closed up 2.9 percent at $267.25 on Nasdaq. AT&T slipped 0.08 percent to $25.52 on the New York Stock Exchange.

AT&T said orders of the iPhone 4 were 10 times higher in their first day than for the iPhone 3GS on its launch day last year.

It said it chalked up more than 13 million visits to its website on Tuesday, including customers checking to see if they were eligible to upgrade to a new phone. It said eligibility checks were three times its previous record for a single day.

Hudson Square Research analyst Todd Rethemeier said the sales numbers were good news for AT&T, especially because of widespread expectations that bigger rival Verizon Wireless, a venture of Verizon Communications Inc and Vodafone Group Plc, will soon be able to sell iPhones too.

"It means they're locking up customers into new two-year contracts. Nobody knows when Verizon's going to the iPhone, but there's a lot of speculation this will happen." he said. "Anything AT&T can do to lock up customers now is a good thing."

Rodman & Renshaw analyst Ashok Kumar said the technical snafus were more of a black eye for AT&T than Apple, and reinforced his expectation for a Verizon iPhone late this year. He does not see the problems helping rivals who make phones powered by the Android software from Google.

"People who can't get their phones today, they're not going to go to Android. They'll just come back tomorrow and try to buy the iPhone," he said.

AT&T said the availability of its inventory would determine whether it could resume taking orders. Apple apologized to frustrated would-be buyers and asked them to "try again" online and in stores once the phone is in stock.

"We apologize to everyone who encountered difficulties, and hope that they will try again ... once the iPhone 4 is in stock," Apple said in a statemen

THE APPLE INVESTOR: Analysts Raise Estimates As World Goes Nuts For iPhone 4 Read more

Given the spectacular pre-order sales event of the iPhone 4, shares of AAPL are up $3 to nearly $263. (Imagine what will happen when the device actually goes on sale.) Future catalysts for the stock include the physical availability of the phone on June 24th (although supplies will be severely limited as pre-order sales are now pushed out until July 2); monthly NPD data (Mac / iPod business); iPad sales updates; and June quarter earnings likely the third week in July. AAPL trades at 22x estimated fiscal-year 2010 EPS and 12x Enterprise Value / Trailing Twelve Months Free Cash Flow.

Apple Analyst Ups His iPhone Unit Estimates On Blowout iPhone Pre-Orders (Piper Jaffray, Business Insider)
Gene Munster is pounding the table on AAPL. Late last night he told investors that Street estimates for iPhone units in the June quarter are likely conservative given the June 24th launch of the iPhone 4 in five countries, expanded AT&T eligibility and outperformance in the U.S. He increased his iPhone unit estimates by 1 million for the June quarter to 9.5 million, adding $610 million (or 4%) in revenue and $0.12 in EPS. He is also raising his September quarter iPhone unit estimate by a half a million units. He reiterates his Overweight rating on shares of AAPL and raised his target price to $348.

iPhone 4 Mania Simplified: What You Need To Know (Business Insider)
The amount of news flow on the iPhone 4 is mildly out of control today. Here are a few articles to help put together a cohesive story: theMacObserver is reporting that the pre-order date for the iPhone 4 has slipped to July 2 as initial inventory has been sold out. Fortune is predicting that Gene Munster is still on the conservative side, hedging his bets for over-estimating in the past, and the estimate is probably closer to what Dan Frommer at Business Insider is estimating; 2 million units in the first weekend. Despite the blowout sales, the process has been anything but seamless. 9To5Mac is reporting that this morning AT&T has "temporarily suspended" iPhone 4 pre-orders and Gizmodo says that because of all the computer outages and security breaches, Apple retail stores are now using pen and paper to process sales.

AT&T Network Is So Not Ready For The iPhone 4 (CNet)
Ordering and security issues aside (although not a vote of confidence there), with the physical launch of the iPhone 4 two weeks away, many consumers (and investors) are wondering if AT&T's wireless network is up to the task of handling a record-breaking launch of the iPhone 4. The flood of new customers and the increase in data traffic have put strains on AT&T's network, and it's about to get that much worse. Steve Cheney believes that multitasking alone will bring down the network on signaling issues. The Verizon CDMA phone can't come quick enough for those of us in NYC or San Francisco.

Lime Wire Goes Legit, But Will Labels Come And Should Apple Be Worried? (CNet)
Managers at Lime Wire told CNet that the company has plans for the largest file-sharing company to transform into a legal music site, a la iTunes. Except Lime Wire would have a leg up on Apple (as of now) because it's based in the cloud. That said, four record labels hold the keys to 80% of the music. Given Lime Wire's history, it's doubtful those music executives will have anything to do with the music site anytime soon. The P2P company has its work cut out for it but if proved successful, given the number of users it could give iTunes a run for its money.

Read more: http://www.businessinsider.com/the-apple-investor-analysts-raise-estimates-as-world-goes-nuts-for-iphone-4-2010-6?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Falleyinsider%2Fsilicon_alley_insider+%28Silicon+Alley+Insider%29#ixzz0rlCLRt3J

(no subject)

сегодняшний день ознаменовался выходом iphone 4.пока здесь день в New Yorke начинает светать.Через полтора часа откроют магазин и люди начнут ломиться,чтоб купить одну из интерестнейших игрушек этого года.Часов этак через 6 ее будет уже не достать там.Придеться опять с ночи занимать очередь и завтра ломиться по новой.А можно и не ломиться!!!
можно просто немного подождать или просто быть Медведем.
\мой самый близкий мне,на дальнем континенте человек - сказал,что без контракта не видать мне балалайки/.Придеться поднапрячься самому ведь так не хочеться кому то ,просто так чтото дарить.
Бассейн.Ты плывешь!Твое тело получает от этого положительный заряд ,а мозг еще больше.Ты в очках предназначеных для плаванья.Ты можешь задерживать дыхание под водой.Ты плываешь и вдруг появляеться крассивая девушка с парнем.ЕЕ тело привлекает внимание всех вокруг!Когда она проплывает рядом с тобой она даже не догадываеться,что ее купальник плохо держиться на ней самой.сопротивление воды дает увидеть больше,чем она бы могла позволить незнакомцу.
Или ты спишь.И тебе сниться,как ты занимаешься сексом!И потом ты в течение дня задаешь себе вопросс почему во сне была именно она?