AAPL Weekly Headline Roundup: March 16-20

Apps & Software

Published: March 20, 2009 3:52 am

Last Updated: April 27, 2020 3:08 pm

Apple shares broke through $100 this week with charts suggesting there’s more upside to come. Here are other top Apple headlines aggregated from 24/7 Wall St. partner Apple Investor News:

• iPhone 3.0 system software was announced Tuesday and due by Summer. Aside from cut-and-paste, better video, push technology, etc., the real story here: the 1,000 developer tools that will allow even more functionality for this mobile platform. Though the lack of new iPhone hardware discouraged some, this seems likely by mid-year.
• Upgrade of the week: Broadpoint.Amtech analyst Brian Marshall raised his estimates and upped price target to $120 from $110, maintaining a Buy rating and noting Apple remains “a must own technology bellwether.”

• Downgrade of the week: S&P analyst Clyde Montevirgen cut his rating on Apple to Hold from Strong Buy and lowered his target price to $110, from $123, noting strong “macroeconomic headwinds.”

• Dell introduced a $2000 laptop some say is designed to compete with Apple’s MacBook Air or MacBook Pro.

• Question of the week: NPD data announced Monday says that February Mac sales were down over 16% from a year ago (PC sales were down 22%). So why didn’t this have an impact on AAPL shares?

• Sleeper of the week: From the trendy South by Southwest Interactive Conference (SXSW), several blogs discussed the well-attended panel, “iPhone – The New Gaming Platform” and the successful iPhone app developers who’ve become quick millionaires.

• On a lighter note, Microsoft CEO Steve Ballmer chimes in again about Apple’s prospects in a recession: “No one’s going to pay $500 more for a logo,” said Ballmer to a McGraw-Hill Media Summit. The reporter noted his statement resulted in “audience gasps.” Ballmer is such a great CEO. It’s unfortunate that he hurts his stature, and credibility, when he talks about the competition.

Frank Cioffi, Apple Investor News.

(full disclosure: Cioffi owns AAPL shares)

The Average American Has No Idea How Much Money You Can Make Today ^(Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

¹https://www.fdic.gov/national-rates-and-rate-caps