Sunday, September 2, 2012

Apple Inc. (NASDAQ:AAPL) Weekly News Wrap Up – Stock Flat

August 27 – On Monday Apple Inc.(NASDAQ:AAPL) filed an injunction for a ban on the sales of Samsung phones in the United States. The previous week it had won a favourable verdict from a San Jose federal court jury, which upheld its claims of patents infringement by Samsung. The court also awarded it more than a billion dollars in damages.

The Samsung devices that Apple wants out are: Galaxy S 4G, Galaxy S2 AT&T, Galaxy S2, Galaxy S2 T-Mobile, Galaxy S2 Epic 4G, Galaxy S Showcase, Droid Charge and Galaxy Prevail.

August 28 - Apple Inc’s new iPad Mini will debut in October, confirmed AllThingsD, citing several sources.
The site said that the debut will take place in two separate events this fall. The first event will feature the unveiling of its new smartphone, iPhone 5 on September 12.

AllthingsD says that only after the iPhone is retailing on store shelves will it announce the iPad Mini to the world.

"That device, which is expected to have a display of less than eight inches, will be uncrated at a second special event, which sources said is currently scheduled for October," it said.

Apple's intention is to have two separate blockbuster events rather than submerge the two announcements into one and thus dilute the impact of each.

August 30: On Thursday the Apple stock, which have been hitting regular highs got an upgrade. Andy Hargreaves of Pacific Crest upgraded the stock to `Outperform' with a price target of $690 citing material improvements in yields of components for the next iPhone model.

He estimated that including the new phone, an additional 20 million units of its phones will be sold this year, topping his original estimates of 163 million units. Hargreaves added that the upsides for the stock could range between $720 and $750 a share.
In another major development on Friday Apple asked for four more Samsung phones to be included in the list of devices that infringed on its patents.
The iPhone maker filed documents in a San Jose federal district court asking a judge to end Samsung's release of "copycat products," and urged the court to pull Samsung products released after its lawsuit was filed in April.
The new products also include Samsung's new Galaxy S III smartphone. Previously Apple had listed 17 Samsung products as patent violators, but the new filing lists 21.

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