Apple's third quarter
by Claudia Sonea
Apple has boosted with its third quarter earnings which were over Wall Street’s predictions. On Monday the company had a conference call with investors presenting them the current situation and offering a teasing hint about forthcoming products. The conference was marked by Steve Job’s absence.
According to the official report, Apple’s revenue soared 38 percent, earning $1.19 per share or $7.46 billion which is 11 cents ahead of the $7.37 billion Wall Street predicted. The sales of Macintosh lineup and the iPod are considered to be the main reason of the jump. 2.5 million Macs were shipped revealing an increase preference in desktop against laptops. The figures meant a 41 percent increase from a year ago and that is a lot by comparison the iPod sales that jumped only 12 percent. However, their latest product, the iPhone, is in high demand and only in a few days since it was launched, the smart phone managed to beat expectations. 717,000 iPhones of the version launched a year ago were sold, but Apple hopes that the old model combining a smart phone and a portable media player features together with the new version, the faster iPhone 3G, will reach a record of 10 million in sales this fiscal year.
Chief Financial Officer Peter Oppenheimer was very confident during the conference call due to the fact that sales from the retail stores, the majority in U.S., rose at a fast pace in spite of the economic recession created by the sluggish housing market and the credit crunch. Moreover, he teased about the new products, not disclosing any details. This was not, however, the reason for which Apple's shares lost 10.8 percent before going up $1.34 in the after trading hours, closing at $166.29. The reason might have been the low predictions of Apple regarding the profit for the fourth quarter, $1 per share on $7.8 billion in sales. Also Apple's gross margin might have scared investors losing 34.8 percent from 36.9 percent in the year-ago quarter.
Oppenheimer assured that the margins were actually better than expected and that due to the new products underway, there could be even bigger drop in margins. Stay connected and find out if he was right!
related story: http://news.yahoo.com/s/ap/20080721/ap_on_hi_te/earns_apple;_ylt=AoIl3PJvU_VVzz42usJkpTCs0NUE
PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>
posted by Lucia Adamova
According to the official report, Apple’s revenue soared 38 percent, earning $1.19 per share or $7.46 billion which is 11 cents ahead of the $7.37 billion Wall Street predicted. The sales of Macintosh lineup and the iPod are considered to be the main reason of the jump. 2.5 million Macs were shipped revealing an increase preference in desktop against laptops. The figures meant a 41 percent increase from a year ago and that is a lot by comparison the iPod sales that jumped only 12 percent. However, their latest product, the iPhone, is in high demand and only in a few days since it was launched, the smart phone managed to beat expectations. 717,000 iPhones of the version launched a year ago were sold, but Apple hopes that the old model combining a smart phone and a portable media player features together with the new version, the faster iPhone 3G, will reach a record of 10 million in sales this fiscal year.
Chief Financial Officer Peter Oppenheimer was very confident during the conference call due to the fact that sales from the retail stores, the majority in U.S., rose at a fast pace in spite of the economic recession created by the sluggish housing market and the credit crunch. Moreover, he teased about the new products, not disclosing any details. This was not, however, the reason for which Apple's shares lost 10.8 percent before going up $1.34 in the after trading hours, closing at $166.29. The reason might have been the low predictions of Apple regarding the profit for the fourth quarter, $1 per share on $7.8 billion in sales. Also Apple's gross margin might have scared investors losing 34.8 percent from 36.9 percent in the year-ago quarter.
Oppenheimer assured that the margins were actually better than expected and that due to the new products underway, there could be even bigger drop in margins. Stay connected and find out if he was right!
related story: http://news.yahoo.com/s/ap/20080721/ap_on_hi_te/earns_apple;_ylt=AoIl3PJvU_VVzz42usJkpTCs0NUE
| by Claudia Sonea for PocketNews (http://pocketnews.tv) |
PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>
posted by Lucia Adamova
Labels: CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom, Technologies
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