Quanta stock leaps on iPhone order reports
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(InfoWorld) - Shares of Taiwan's Quanta Computer soared early Tuesday after the island's two largest financial daily newspapers said the company had won orders forÂ Apple iPhones. Quanta, the world's largest contract laptop PC manufacturer, will start making iPhones in September on an initial order for 5 million handsets, the Chinese-language Commercial Times and Economic Daily News both reported on Tuesday, without citing sources. In a statement, Quanta said that while it is taking measures to win new orders and increase business, it declined to comment on the reports because agreements with customers are confidential. A source at Quanta said the company has not won orders for the iPhone yet, but that the company is vigorously competing for such orders. Investors in Taiwan piled into Quanta stock early in the day, sending shares up to NT$51.8 (US$1.56) each at the open. But the price drifted lower throughout the day as investment banks and analysts speculated on whether or not the newspaper reports were accurate. The ticker ended the day at NT$50.8, up just NT$0.2. Speculation around the issue and the fact that it would move stocks so much show how much excitement there is about the upcoming Apple product. Despite some complaints such as the high price for the handset and having only one option for mobile phone service, Cingular Wireless/AT&T Wireless, many expect it to be a hit. The iPhone debuts in June. Hon Hai Precision Industry Co., the world's largest contract electronics manufacturer, is believed to be the main manufacturer for the iPhone. The company does not comment on customer orders. Knowledge of the company's work making iPod digital music players for Apple came to light last June, after U.K. newspaper, the Mail On Sunday, reported long hours and little pay for production line workers at Hon Hai iPod factories in China. Apple responded by sending a team to investigate the claims. ItÂ found the factories mostly complied with Apple rulesÂ for its manufacturing partners. But it asked Hon Hai to remedy a few issues, including living conditions at some worker dormitories and improved transportation for workers. Â
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Shares of Apple Computer Inc. rose more than 10% in early trading today, boosted by its report that quarterly profit and revenue jumped on robust sales of its iPod digital music players, and optimism for the current quarter.
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Apple Computer stock hit a four-year high today following the release of a report from Piper Jaffray analyst Gene Munster, who expects Apple's stock price to hit $100.
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Apple Computer shares surged to a four-year high yesterday after a Piper Jaffray analyst said the stock may almost double to $100 within a year, citing a survey that shows the iPod digital
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Blog: A quantitative estimate of Apple's weekend iPhone sales has been released, surpassing some of the more optimistic analysts last week.
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The telephone company solidly beat Wall Streetâs forecasts as wireless data use soared, but its initial report on iPhone signups sent Appleâs shares down sharply.
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Stocks ended higher in a holiday-shortened session on Tuesday, helped by news that Apple Inc.  could see higher-than-expected profit margins from its iPhone and data showing a rise in factory orders.
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Stocks jumped the most in three weeks on Friday, as strong results from the company behind the BlackBerry boosted technology shares while financials rose on a report that another U.S. brokerage may get a big foreign investment.
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CUPTERTINO, Calif. -- Apple Inc. said Tuesday its fiscal first-quarter earnings jumped about 57 percent, aided by iPod and iPhone sales, but shares plunged on an outlook that was well below expectations.
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Riding the tide of its popular iPhone and a new line of iPods, Apple shares hit the nice round number before dropping back a few cents. The Wall Street boys are bullish.
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Shares of Apple Computer Inc.AAPL.O  rose as much as 13 percent on Thursday, boosted by its report  that quarterly profit and revenue jumped on robust sales of its  iPod digital music players, and optimism for results in the  current quarter.
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No, that&#39;s not a typo. After the bell yesterday, Electronics Boutique (Nasdaq: ELBO) reported that earnings had increased fivefold to $7.3 million, or $0.30 per share, beating analysts&#39; estimates by a penny.
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Apple Computer Inc. stock hit a four-year high on Monday following the release of a report from Piper Jaffray analyst Gene Munster.
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Wireless technology company Qualcomm  Inc. QCOM.O on Wednesday posted quarterly earnings that rose  46 percent on strong sales of cell phones using its chips, but  said current-quarter earnings would fall short of the average  Wall Street forecast.
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Shares of Apple Inc.  rose  more than 4 percent to an all-time high on Thursday as  investors bet on strong demand for its media-playing iPhone and  speculation mounted over plans to sell the device in Europe.
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The Nasdaq index rose more than 1 percent on Tuesday as news of Research in Motion Ltd's  deal to distribute BlackBerry smartphones in China added to gains among technology shares, along with a boost from strong profits at Apple Inc.
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Investor's Business Daily - All those long lines of first-day Apple iPhone buyers didn&#39;t immediately pay off as expected for the device&#39;s service provider, AT&amp;T, but the company on Tuesday still reported better-than-expected earnings, aided by strong wireless growth.