This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Apple Investors See iPad, iPhone Upside

Stocks in this article: AAPL GOOG HPQ VZ RIMM NOK

CUPERTINO, Calif. ( TheStreet) -- Apple's (AAPL) eagerly-anticipated iPad hits the stores in less than 48 hours, and the tech giant's investors are already eyeing tablet upside.

Apple's stock has risen steadily ahead of the iPad launch, hitting an all-time high of $237.48 on Tuesday, and shareholders are confident that there is still growth ahead.

"With the stock flying so high, there is a part of me that's itching to take gains," said Apple investor Daniel Hung, in an email to TheStreet. "But, products like the iPad, and a potential launch of the iPhone at Verizon (VZ) have me optimistic that holding is the right course of action right now."

Apple iPad

The iPad, which makes its debut on Saturday, is one of the most hyped technology launches in recent years. Reports have already suggested that iPad preorders are going through the roof. One analyst has even forecast that 1 million or 2 million iPads could be sold by its debut.

Unlike the iPhone, the iPad lacks camera and voice capabilities, although it shares an OS with the smartphone. Hung, who writes the Curious Investor blog, believes that the iPad has a rosy future.

"I think the true source of success for the iPad will be determined by motivated entrepreneurs who adopt the iPhone OS as their playground," he explained. "It won't be long before we see some very creative uses for the device -- I'm sure of that."

Earlier this week The Wall Street Journal reported that the iPad launch was luring more application developers to Apple's App Store, at the expense of rivals such as Microsoft (MSFT), Research In Motion (RIMM) and Nokia (NOK).

With more than 150,000 applications available for download, the App Store dwarfs other offerings in this space, such as Google's (GOOG) Apps Marketplace, and is seen as a crucial weapon in Apple's armory.

Michael Yoshikami, chief investment strategist at YCMNET Advisors, says that the iPad, with its 9.7 inch screen, is particularly well suited to certain market sectors.

Who Owns Apple?

In addition to the consumer segment, health care and manufacturing have been cited as possible target areas for Apple, although Yoshikami thinks that the iPad will make its biggest splash in schools.

"It positions Apple well in the education market," he said, but warned investors not to get too carried away with the new product. "I don't expect it to be a home run, but it's a good additional business segment for Apple ."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs