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Wall Street analysts weigh in on the iPad mini
Although Apple's stock fell sharply after the event yesterday -- it closed at around US$613 after opening the day at about $631 a share -- most Wall Street analysts are saying that the iPad mini will be a hit with consumers. The $329 starting price of the iPad mini was seen by Chris Whitmore of Deutsche Bank as a "modest disappointment," although he said that the features of the mini more than make up for the higher-than-expected price point. Many analysts, including Whitmore, believed Apple would offer a base model with only 8 GB of storage and were surprised by the starting capacity of 16 GB. Whitmore also feels that the build quality of the aluminum unibody iPad mini will also justify the $130 price premium over Android competitors such as the Google Nexus 7 and Amazon Kindle Fire HD. The competing devices are made of plastic and glass. Deutsche Bank is maintaining its $850 price target for AAPL shares. Also chiming in was Charlie Wolf of Needham & Company, who thinks the new iPad mini will expand the overall market, and make life difficult for lower-priced competitors. To quote Wolf's comments about the competition, "none compare with this device, in our opinion, which is a full-featured iPad except for its size. All 275,000 iPad applications can run on it without modification." Needham's price target of $750 for AAPL remains the same. Sterne Agee's Shaw Wu had predicted a price point for the iPad mini between $299 and $349, so the $329 price tag fit his expectations. Wu was quoted as saying, "We continue to believe iPad mini is the competition's worst nightmare and likely to drive incremental volume." AppleInsider has a full rundown of analyst reactions to the littlest iPad. One parting comment from their post notes that "Maynard Um of Wells Fargo Securities believes that Apple arguably has its strongest product lineup in the company's history."
iPhone 5 supply still stretched
To those of us who are waiting ... patiently, I might add ... for our iPhone 5s to ship from Apple, it's obvious that the supply of the newest iPhone is constrained. John Paczkowski at AllThingsD reports that many Apple Stores are reporting low inventory of the iPhone 5, and that the online store is still showing a three- to four-week delivery time. While the supply constraint is just an inconvenience to those of us who had to order the phone after the first day, Wall Street analysts are now lowering their forecasted sales of iPhones as a result. Yesterday, Piper Jaffray's Gene Munster lopped 2.2 million iPhones off of his sales forecast for September of 2012, moving from 27.2 million units down to 25 million. The news isn't all bad, though. Munster thinks the supply situation should be balanced with demand by the all-important holiday season, so he's keeping with his 49 million unit estimate for the October - December quarter. Another analyst, Peter Misek from Jefferies, was quoted by AllThingsD as saying "Remember, there are 170 million post paid subscribers coming off contract. That's overwhelming all supply ramps. The demand here is unprecedented."
Apple Q4 earnings call scheduled for October 25
Yesterday was the end of Apple's 2012 fiscal year and today, the company announced that it will hold its fourth quarter earnings call on Thursday, October 25 at 5 PM ET. The call will be the first real indication of how the iPhone 5 is doing in the market. As usual, TUAW will offer a liveblog of the earnings call, so stay tuned for further information about how to join our staff for insight into the numbers as they're announced. Interested individuals will also be able to listen in to the streaming audio from the conference call.
Apple stock buyback to begin today
Part of Apple's plan to burn up a bit of that US$117.2 billion cache of cash starts today, according to Fortune's Philip Elmer-DeWitt. Over the next three years, Apple will use US$10 billion to repurchase shares of AAPL. Elmer-DeWitt notes that one Wall Street analyst, Bernstein's Toni Sacconaghi, was less than thrilled by the announcement of the stock buyback when it was announced back in March. Sacconaghi wanted the company to give back some of the cash horde to shareholders, in particular the institutional investors who hold 70 percent of the total ownership of Apple. The repurchase plan really doesn't accomplish that, and Sacconaghi believes that many institutional investors wanted to see a larger dividend instead. The impact of most stock buyback programs is an increase in earnings per share (EPS), since the earnings are spread over a smaller number of shares. Sacconaghi believes that EPS will only climb about 1-2 percent per year as a result of the buyback program, and that there won't be a rise in the share price as a result.
iPhone revenue greater than all of Microsoft's
The next iPhone is expected to launch next week and CNN Money decided it was a good time to run a list of superlatives related to the financial impact of Apple's smartphone. To start out with, Apple's iPhone business unit could be a Fortune 50 company on its own. That business unit is already bigger than all of Microsoft in terms of revenue. From June 2011 until June 2012, the iPhone generated $74.3 billion in revenue for Apple. By comparison, all of Microsoft's business units together generated $73 billion in revenue. CNN Money notes that if you take all of the revenue that Apple generates from the iPad, various iPod models, iTunes, the Mac and the 30 percent take of all apps sold, it still doesn't add up to the revenue stream from the iPhone. A year-by-year comparison of the impact of the iPhone to Apple's bottom line shows that in 2008 -- one year after the first iPhone was launched -- the device accounted for 9 percent of Apple's total revenue; now that figure is 53 percent. Of course, there's always the question of what "worth" means, as Forbes pointed out a few weeks ago. In this case, we're talking about sales, and that's a pretty fluid thing. Nokia's Lumia 920 could be a huge hit, for example, and the iPhone is no longer the "number one" smartphone according to one survey. Way back in Februrary Ed Bott did a breakdown of how Apple, Google and Microsoft make their money. Of course the iPhone was a major component of Apple's business, versus Microsoft's more distributed revenue streams, and Google's lopsided revenue stream (advertising). As MG Siegler points out, even if you took away the iPhone from Apple's chart, the remainder is still bigger than Microsoft's total business. That's significant. Apple is always good at showing off the numbers at its events, so we can count on even more amazing financial statistics next week.
How iPhone rumors affect Apple's share price
It's an exciting time to be an Apple fan. Apple is rumored to be announcing a new iPhone in the coming weeks and the company's stock recently reached another all-time high. Those with an eye on Apple's financials might want to watch the company's stock closely in the next few weeks. As pointed out by Philip Elmer-DeWitt of Apple 2.0, Apple's stock doesn't always follow the typical "buy the rumor, sell the news" cycle, in which a company's stock price rises on rumors and then falls when the product goes on sale. DeWitt points to a March report by Mashable's Matt Silverman that shows how each iPhone announcement influenced Apple's stock. Not surprisingly, the biggest effect on Apple's stock was the original iPhone, which was a game-changer in the mobile phone market. Though the new iPhone may not be as revolutionary as the first iPhone, it's expected to be a big jump from the iPhone 4S. Will this improvement be enough to give Apple's stock another boost in the arm? We will have to wait and see what happens in the next few weeks.
Apple, Qualcomm tried to purchase exclusive access to TSMC chip production
Bloomberg is reporting that both Apple and Qualcomm were turned down by Taiwan Semiconductor Manufacturing Company (TSMC) in attempts by the two companies to invest cash and gain exclusive access to smartphone chips. Each company proposed investing more than US$1 billion in order to have TSMC set aside chip production capacity exclusively for them. Qualcomm and Apple are both trying to secure the chipmaking capacity to satisfy demand for smartphones, and either one of the deals would provide Apple with an alternative to Samsung -- which currently builds the primary silicon for both the iPhone and iPad. For Qualcomm, it's a necessary deal as well. The company's earnings are being limited by shortages of mobile phone chips it designs, and it no longer operates its own factories. TSMC is willing to devote a couple of factories to a single customer, but wants to retain control of its plants and doesn't need cash for investments, according to TSMC executives. The company is wary of dedicating a facility to one customer or product, since if the product or technology changes, they're stuck with a plant that requires a significant investment in order to repurpose it. For the present time, negotiations are apparently continuing although TSMC, Apple, and Qualcomm are not commenting.
Apple vs. Samsung verdict: How Wall Street is reacting
It's the first full day of Wall Street trading since Friday's Samsung patent infringement verdict, and the markets and analysts are reacting pretty much as expected. AAPL opened trading today at $679.99 a share (up about 2 percent), peaked briefly at $680.87, and is currently moving around the $677 mark. As you'd expect, Samsung's stock is taking a hit. In Monday trading in Seoul, Samsung shares fell by 7.7 percent. Bloomberg pointed out that today's drop in the value of Samsung's stock was the worst since October 28th, 2008. In the long term, most analysts are raising or maintaining their price targets for AAPL. For example, Merrill Lynch's Scott Craig bumped his price target to $770 (up from $720), while Oppenheimer & Co's Ittai Kidron went all bullish, raising his price target from $680 to $800. What about the other big players in the smartphone arena? Google (GOOG), which was the target of Steve Jobs' famous "going thermonuclear" rant, took a big drop this morning and has been wobbling around the $670 per share mark -- down about $8 per share, although there has been a steady rise in share price during the day. Google may see fewer manufacturers willing to use its Android smartphone/tablet OS in the future for fear of Apple legal retribution. On the other hand, shares in Microsoft (MSFT) were up slightly, an indication that the street sees the Windows Phone 8 OS as a safe and litigation-free alternative and also views the licensing agreements in place between Apple and Microsoft as a positive sign. Nokia (NOK), which is partnering with Microsoft to release a number of Windows Phone 8 smartphones, was the biggest beneficiary of the verdict news, up almost 9.6 percent at one point in early trading today.
AAPL closes at all-time high, dividend paid (Updated)
Shares in Apple closed at an all-time high today. At the closing bell at 4 p.m. ET, AAPL was trading at $636.34. That's not the all-time high price; that came Tuesday when the stock peaked temporarily at $644.00, but the share price dropped to about $632 a share that day by the close of trading. What's keeping Wall Street investors bullish on Apple? They're all looking forward to an announcement of new products, possibly a new iPhone and a smaller iPad, within the next month. Update: We almost forgot to mention that today was the day that Apple shareholders received their $2.65 per share dividend. That dividend was announced on July 24, 2012, and marks the first dividend ever paid to shareholders of Apple. According to reader Joe Bonniwell, Google Finance notes that Apple paid dividends to shareholders between 1987 and 1995. Thanks for the correction, Joe.
IDC: Apple tops in mobile revenue, operating profits
AllThingsD's John Paczkowski, reporting on some of the numbers released by IDC last week, notes that although Samsung shipped almost double the number of smartphones that Apple did, it makes absolutely no difference because Apple "far outshines its rivals in both revenue and operating profits." Apple shipped only 6 percent of the industry total of smartphones and tablets, yet thanks to its immense gross margins the company pulled in 43 percent of the industry's revenues (above) and 77 percent of the operating profits (below). Raymond James analyst Tavis McCourt said it best -- "Ultimately, profits are the feedstock of innovation; and, innovation drives profits. Until Samsung starts generating more profits than Apple, we would not be overly concerned with who has the unit share lead. Remember, HP and Dell still sell a lot more PCs than Apple sells Macs, but does it matter?" That sound you hear is Apple laughing all the way to the bank... #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; } #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
Apple's components spending increasing dramatically
Statements made by Apple CEO Tim Cook and CFO Peter Oppenheimer during the recent 3Q 2012 earnings call are beginning to make sense in light of news from AllThingsD's John Paczkowski that shows that Apple's prepayments for inventory components are ramping up in a big way. The Apple executives had noted that the 4Q 2012 earnings guidance would be down due to a "product transition," basically a way of saying that they'd be spending more on building inventory for a new product coming down the pike. Cook and Oppenheimer also repeatedly referred to "confidence in the new product pipeline," meaning that something big is coming from the company. (Chris referenced this in passing in yesterday's Rumor Roundup.) Paczkowski pointed out a chart in Apple's latest 10-Q filing (at the top of this post), which shows prepayment for inventory components in the June quarter rising US$1.15 billion over the previous quarter. That's a huge buildup, and Wells Fargo Securities analyst Maynard Um is cited as saying that "Historically, such increases have been followed by a solid ramp-up in revenue in the following 2-3 quarters. In our view, an increase in inventory component prepayment may suggest that Apple is securing supply for potential new product launches." As reported by several sites yesterday, the anticipation is building for a rumored Apple event in mid-September. There's a good chance that one of those products is the next-generation iPhone, but perhaps we'll also see other products getting a refresh. What updated or new Apple products do you want to see? I'm holding out for a new iMac, while several of the other TUAW bloggers want a new Mac mini. Tell us your wishes for new products in the comments. #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; } #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; } #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
Daily Update for July 31, 2012
It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get all the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world. You can listen to today's Apple stories by clicking the inline player (requires Flash) or the non-Flash link below. To subscribe to the podcast for daily listening through iTunes, click here. No Flash? Click here to listen. Subscribe via RSS
Could AAPL split in a move toward Dow? Bernstein analyst thinks it will
A week after Apple posted its third-quarter earnings for 2012, Bernstein Research analyst A.M. "Toni" Sacconaghi speculates that the time is right for Apple to split its stock if it wants a future spot as an indexed member of the Dow Jones Industrial Average. The Dow is woefully underpopulated with technology companies, Sacconaghi argues, and IBM and Microsoft were added during a time when the PC market was far less mature than the smartphone market is now. But if Apple was to join the DJIA, the price of the stock would have to come down from the current $607 that it's trading at as of this morning. The Dow is a price-based index with few stocks selling more than $100 a share. Granted, this is speculation worthy of Chris Rawson's rumor roundups. Despite some headlines indicating that it's practically a done deal, Sacconaghi's scenario is just that -- a "what if" situation. As Barron's Tiernan Ray rightfully points out, Apple has not indicated that it has any current intention of splitting its shares -- although the company has done so three times before, most recently in 2005. The New York Times's DealBook blog is also considering Apple's fiscal future, pointing out a few possible big-game acquisition targets for the company's ample cash hoard. Writer Andrew Ross Sorkin saves the serious caveats for the end of the post (much of Apple's cash is overseas and cannot be repatriated without a tax hit, for example) after he speculates on some truly blue-sky options for Apple's shopping list. Twitter and Path? Nuance? Sprint? Research In Motion?!? Despite the reports of past talks between Apple and Twitter, none of these seem particularly likely. If we're throwing darts at the stock listings, though, perhaps Apple will fork over $68 billion and take over Comcast, which would gain it 51% of NBC Universal along with millions of paying cable customers. [via Reuters] #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; } #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
Apple ready to buy fingerprint sensor maker AuthenTec
Reuters reports today that Apple is purchasing chipmaker AuthenTec in a deal worth about US$356 million. AuthenTec makes fingerprint sensor chips that are used in computers made by Lenovo, Fujitsu, and Dell, and also makes security software and chips for mobile phones that are licensed to companies like Samsung. The company also developed a downloadable digital rights management solution that is used on the iPhone and iPad to authenticate HBO GO. In addition to those products, AuthenTec also produces chips for near-field communication (NFC), a technology that is used for secure wireless transactions. NFC payment capabilities are already built in to some Android phones via Google Wallet, and the technology is expected to make an appearance in a future iPhone (even if it's not the next iPhone). As with all such acquisitions made by Apple, these capabilities don't necessarily indicate that a specific technology is going to appear in Apple products in the near term. However, Apple's acquisitions strategy is aimed at helping the company control technologies that it sees as essential to its business, so there's something in AuthenTec's portfolio or someone among its personnel that's key to Apple's plans. Larry Dignan at ZDnet suggests that AuthenTec's purchase is a move to fend off Samsung and to enhance Apple's attractiveness in the enterprise space, where many companies are moving to a bring your own device (BYOD) model. Past Apple acquisitions have included Israeli memory specialist Anobit, App Store search optimizer Chomp, and semiconductor firms Intrinsity and PA Semi. #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
Daily Update for July 25, 2012
It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get all the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world. You can listen to today's Apple stories by clicking the inline player (requires Flash) or the non-Flash link below. To subscribe to the podcast for daily listening through iTunes, click here. No Flash? Click here to listen. Subscribe via RSS
Apple 3Q 2012 Financial Call Liveblog
Welcome to TUAW's coverage of Apple's third quarter 2012 financial results call. You can follow along on the call as we provide commentary by listening to the live stream at www.apple.com/quicktime/qtv/earningsq312. Our liveblog tool requires no constant refreshing of your browser window; simply load this page once and your browser is automatically updated whenever we provide more information. If you have any questions or comments, please feel free to join us in the #tuaw IRC chatroom on irc.freenode.net. Kevin Avila (eddienull) will be moderating. #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
Apple 3Q 2012 earnings reported: Another strong quarter
Apple has announced its third quarter 2012 earnings, and the numbers are once again spectacular -- although while the company beat its own guidance, Wall Street analysts are disappointed that the numbers did not meet their predictions. The company posted quarterly revenues of $35 billion, up from $28.6 billion a year ago. Net profit was $8.8 billion or $9.32 per diluted share, up from $7.3 billion last year or $7.79 per diluted share. Apple sold 26.0 million iPhones, which indicates 28 percent growth over the year-ago quarter. The big surprise was that the company sold 17.0 million iPads during the quarter, up 84 percent over the previous year. 4 million Macs were sold, representing a 2 percent increase over last year's quarter. The full press release can be found below. Show full PR text Apple Reports Third Quarter Results 17 Million iPads Sold Board Declares Quarterly Dividend of $2.65 per Common Share CUPERTINO, Calif.--(BUSINESS WIRE)--Apple® today announced financial results for its fiscal 2012 third quarter ended June 30, 2012. The Company posted quarterly revenue of $35.0 billion and quarterly net profit of $8.8 billion, or $9.32 per diluted share. These results compare to revenue of $28.6 billion and net profit of $7.3 billion, or $7.79 per diluted share, in the year-ago quarter. Gross margin was 42.8 percent compared to 41.7 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter's revenue. "We're continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today" The Company sold 26.0 million iPhones in the quarter, representing 28 percent unit growth over the year-ago quarter. Apple sold 17.0 million iPads during the quarter, an 84 percent unit increase over the year-ago quarter. The Company sold 4.0 million Macs during the quarter, a two percent unit increase over the year-ago quarter. Apple sold 6.8 million iPods, a 10 percent unit decline from the year-ago quarter. Apple's Board of Directors has declared a cash dividend of $2.65 per share of the Company's common stock. The dividend is payable on August 16, 2012, to stockholders of record as of the close of business on August 13, 2012. "We're thrilled with record sales of 17 million iPads in the June quarter," said Tim Cook, Apple's CEO. "We've also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we've got in the pipeline." "We're continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65." Apple will provide live streaming of its Q3 2012 financial results conference call beginning at 2:00 p.m. PDT on July 24, 2012 at www.apple.com/quicktime/qtv/earningsq312. This webcast will also be available for replay for approximately two weeks thereafter. This press release contains forward-looking statements including without limitation those about the Company's estimated revenue and diluted earnings per share. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company's reaction to those factors, on consumer and business buying decisions with respect to the Company's products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company's gross margin; the inventory risk associated with the Company's need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company's business currently obtained by the Company from sole or limited sources; the effect that the Company's dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with the Company's international operations; the Company's reliance on third-party intellectual property and digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company's dependency on the performance of distributors, carriers and other resellers of the Company's products; the effect that product and service quality problems could have on the Company's sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of other legal proceedings. More information on potential factors that could affect the Company's financial results is included from time to time in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's public reports filed with the SEC, including the Company's Form 10-K for the fiscal year ended September 24, 2011, its Forms 10-Q for the fiscal quarters ended December 31, 2011 and March 31, 2012, and its Form 10-Q for the quarter ended June 30, 2012 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad. NOTE TO EDITORS: For additional information visit Apple's PR website (www.apple.com/pr), or call Apple's Media Helpline at (408) 974-2042. © 2012 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS and Macintosh are trademarks of Apple. Other company and product names may be trademarks of their respective owners. #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
Join TUAW for an earnings call liveblog today at 5 PM EDT
This afternoon at 5 PM EDT, Apple will disclose its third-quarter fiscal 2012 earnings. Be sure to join us for our liveblog of the earnings call, during which we'll provide commentary on the important news coming from Apple CEO Tim Cook and Apple CFO Peter Oppenheimer. We expect to begin slightly before 5 PM EDT, and we'll have an open IRC chat room available for TUAW readers who want to ask questions or make comments. To join the chat, point your favorite IRC client to the #tuaw chatroom on irc.freenode.net. #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; } #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
Apple, Foxconn to share cost of factory improvement
Foxconn chief Terry Gou said that his company and Apple will share the costs of improving labor conditions at the Chinese factory that assembles many of Apple's products. Gou did not reveal the amount to be spent or how it would be divided between Apple and Foxconn. Last February, Foxconn agreed to raise wages for some of its factory workers. In March, the company began recruiting for positions created to oversee safety and lifestyle issues at its facilities. Gou did not say if the cost of these initiatives would be shared with Apple.
Apple climbs to 17 on Fortune 500 list
Fortune released the Fortune 500 list for 2012, and Apple is now in the top 20 of the list of the largest U.S. corporations in the #17 spot. That's a vast improvement from last year's ranking at 35. Apple has a way to go to get into the top five, which is populated by such famous names as Exxon Mobil, Wal-mart Stores, Chevron, ConocoPhillips, and General Motors. HP was the top tech business in the list at #10, while perennial Fortune 500 place sitter IBM came in behind Apple in the #19 spot. Somewhere, Steve Jobs must be smiling... In Fortune's industry grouping for "Computers, Office Equipment", HP took the top spot, Apple the second place, and Dell, Xerox, NCR and Pitney Bowes followed the leaders. In case you're wondering where old arch-rivals Microsoft and Dell showed up, they were at spots 37 and 44 respectively. Intel was out of the top 50 in spot number 51, and Google followed the pack in the #73 spot.
