NEW YORK, September 24, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Apple Inc. (NASDAQ: AAPL), Mattel Inc. (NASDAQ: MAT), Steelcase Inc. (NYSE: SCS), Koninklijke Philips NV (ADR) (NYSE: PHG) and Canon Inc. (NYSE: CAJ). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Apple Inc. Research Report
On September 20, 2013, Bloomberg reported that the global debut of Apple Inc.'s (Apple) latest iPhones is poised for record as China joins debut. The report stated that the Company's iPhone 5s and 5c went on sale in U.S., Australia, Canada, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the U.K, and in addition, for the very first time, Apple rolled out its flagship product for sale in China on the same day as elsewhere, abandoning the usual three-month delay, as the Company seeks to lure new customers in the world's largest mobile-phone market. According to the Bloomberg report, Natalie Kerris, a spokeswoman for Apple, said demand for the new iPhones was "incredible" and that they were sold out or in limited supply at some stores. The Bloomberg report further added that Carl Howe, an analyst at Yankee Group, is of the opinion that Apple could top 7 million in sales if it has enough handsets. However, Howe added, "Apple may not even hit the 5 million I predicted last year if the 5s is in really short supply." The Full Research Report on Apple Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e809_AAPL]
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Mattel Inc. Research Report
On September 19, 2013, Mattel Inc. (Mattel) announced that the Company will release its Q3 2013 financial results on October 16, 2013. Following the results, the Company's CEO, Bryan G. Stockton will host a conference call and webcast at 8:30 a.m. Eastern Time. The Company further informed that Stockton along with Mattel's CFO, Kevin Farr will provide an update on the business to securities analysts on October 30, 2013. The Full Research Report on Mattel Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/af28_MAT]
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Steelcase Inc. Research Report
On September 18, 2013, Steelcase Inc. (Steelcase) reported its financial results for Q2 FY 2014 (period ended August 23, 2013). The Company's consolidated revenue grew 1.7% YoY to $757.6 million during the quarter. Steelcase posted net income of $27.6 million or $0.22 per diluted share, in Q2 FY 2014, compared to net income of $29.5 million or $0.23 per diluted share, in Q2 FY 2013. Commenting on the results, Steelcase's CEO, James P. Hackett said, "We have tremendous confidence in our global strategy, yet our consolidated results continue to be negatively impacted by the economic crisis in Western Europe. The Americas outperformed our expectations with an operating income margin of 14%, the highest result for any of our segments in the last decade. In contrast, our EMEA results reflect a significant operating loss, despite the great work of our resident teams to position our business for the eventual economic recovery in Western Europe." The Full Research Report on Steelcase Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d514_SCS]
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Koninklijke Philips NV (ADR) Research Report
On September 19, 2013, Koninklijke Philips NV (ADR) announced that the Company has completed cancellation of 37.8 million of its own shares, which were acquired for cancellation. According to the Company, the cancelled shares include 35.9 million shares acquired from September 15, 2012 to June 20, 2013, under the €2 billion share repurchase program that was announced on July 18, 2011, and completed on June 20, 2013. The Company further informed that the cancelled shares also include c.1.9 million shares acquired for cancellation in 2008. Philips also reported about its notification to the Netherlands Authority for the Financial Markets (AFM), informing that it currently holds 2.4% of its own issued shares. The Full Research Report on Koninklijke Philips NV (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2026_PHG]
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Canon Inc. Research Report
On September 19, 2013, Canon Inc. (Canon) announced that the Company has acquired 15.8 million shares of common stock, under Article 156, as applied pursuant to paragraph 3, Article 165 of the Corporation Law, and that it has completed the acquisition resolved at its Board of Directors Meeting held on September 3, 2013. The shares were purchased on the Tokyo Stock Exchange from September 4, 2013 to September 18, 2013, at a total acquisition cost of c.¥50 billion. The Full Research Report on Canon Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5a34_CAJ]
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