This Day On The Street
Continue to site
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

Apple's New iPad Arrives: Tech Weekly Recap

NEW YORK ( TheStreet) -- Apple's (AAPL - Get Report) new iPad hit U.S. stores early on Friday, with analysts predicting massive sales of the company's latest tablet.

Canaccord Genuity analyst Michael Walkley, for example, expects that Apple will ship well over a million iPads this weekend. The analyst also expects Apple to ship a total of 12.5 million iPads during its March quarter, up from 4.69 million in the same period last year.

Piper Jaffray analyst Gene Munster recently said that Apple could sell more than a million iPads on Friday alone, citing the company's previous product launches.

Unveiled in a blaze of publicity in San Francisco last week, the new iPad boasts a high-resolution Retina Display and the capability to run on high-speed 4G LTE networks from the likes of AT&T (T) and Verizon (VZ).

The first "teardown" of the new device appeared on Thursday, with Broadcom (BRCM) and Qualcomm (QCOM) among the big component winners.

There was also a hint this week that Apple's next iPhone could be a 4G LTE offering , courtesy of a Verizon Wireless executive.

Shares of Apple, which briefly surpassed $600 for the first time on Thursday, closed at $585.57 on Friday.

This week was a busy one for tech M&A, with Cisco (CSCO - Get Report), Dell (DELL) and Avaya all opening their wallets.

On Thursday, Cisco confirmed its intent to acquire NDS, a developer of software for multichannel television networks, in a deal worth around $5 billion. The networking giant will use NDS to boost is Videoscape offering, which lets service providers deliver content over multiple devices.

On the same day, Avaya announced its $230 million acquisition of videoconferencing and telepresence specialist Radvision (RVSN), while on Tuesday, Dell grabbed network security firm SonicWALL for a rumored $1.5 billion.

Cisco shares closed the week up 12 cents, or 0.6%, at $20.03, while Dell was down 5 cents, or 0.29%, at $17.30.

> >> Bull or Bear? Vote in Our Poll
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $112.02 0.38%
CSCO $27.94 -0.07%
YHOO $32.64 -0.67%
FB $94.88 0.66%
GOOG $656.42 1.50%


Chart of I:DJI
DOW 17,146.36 +14.50 0.08%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,841.3290 +2.6860 0.06%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs