Yeah, the economy is bad. We all know that, you only have to turn on the TV or read anything to know that. Despite the poor economy and tanking computer sales Apple has been able to continue turning impressive profits.
Apple also gets some serious help from its world-beating iPhone. According to Apple’s recently announced financials [...]
A Foxconn worker who had been overseeing 16 prototypes of Apple’s fourth-generation iPhone is reported to have killed himself after Foxconn security interrogated him over a missing mobile prototype. Apple is being criticized by some for its intense secrecy, which others call routine.
– A worker at Foxconn, the Chinese company that makes Apple’s iPhones, killed
himself after learning that he was suspected of leaking secrets regarding the
next generation of iPhone smartphones, Reuters reported on July 22.
The Nanfang Daily reports that Sun Danyong, a 25-year-old product manag…
Apple has revealed as part of its quarterly earnings statement that it cannot produce the new iPhone 3GS fast enough.
Speculation has arisen in recent days that demand was outstripping supply.
"The demand has been staggering almost in every country that we’ve shipped in," said the firm’s chief operating officer Tim Cook.
Nevertheless, the firm still plans to launch the device in 20 more countries in August.
The firm said in a conference call that it sold 5.2 million iPhones in the quarter, seven times more than a year earlier. Apple reported higher-than-expected results, largely based on sales of the handsets.
"We are currently unable to make enough iPhone 3GSs to meet robust demand, and we’re working to address this," said Apple’s chief financial officer Peter Oppenheimer in a conference call about quarterly earnings.
Mr Cook noted that the recent increase in production of the handset was "right on schedule" and would be enough to meet the projected demand when the handset launched in more markets.
"We are confident enough in the production ramp that we will be launching about 20 additional countries on 22 August – which would bring our total to over 40 – and we still expect to be selling the iPhone in over 70 countries later this calendar year," he said.</p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
Apple has revealed as part of its quarterly earnings statement that it cannot produce the new iPhone 3GS fast enough.
Speculation has arisen in recent days that demand was outstripping supply.
"The demand has been staggering almost in every country that we’ve shipped in," said the firm’s chief operating officer Tim Cook.
Nevertheless, the firm still plans to launch the device in 20 more countries in August.
The firm said in a conference call that it sold 5.2 million iPhones in the quarter, seven times more than a year earlier. Apple reported higher-than-expected results, largely based on sales of the handsets.
"We are currently unable to make enough iPhone 3GSs to meet robust demand, and we’re working to address this," said Apple’s chief financial officer Peter Oppenheimer in a conference call about quarterly earnings.
Mr Cook noted that the recent increase in production of the handset was "right on schedule" and would be enough to meet the projected demand when the handset launched in more markets.
"We are confident enough in the production ramp that we will be launching about 20 additional countries on 22 August – which would bring our total to over 40 – and we still expect to be selling the iPhone in over 70 countries later this calendar year," he said.</p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
Apple reports quarterly profits and revenue exceeding Wall Street analyst predictions, and says both iPhones and Macs experienced year-over-year growth in sales despite the economy. Apple revenue rose to $8.34 billion for the quarter ending June 27, the company reports. However, Apple saw the sales of iPods dip, a situation that Apple CFO Peter Oppenheimer attributes to market self-cannibalization thanks to the iPhone and iPod Touch.
– Apple
saw robust revenue and profits for the quarter ended June 27 and a massive jump
in iPhone sales, even as sales of its signature product, the iPod, declined by
7 percent from a year ago.
During a July 21 earnings call, Apple Chief Financial Officer Peter
Oppenheimer referred to the previo…
US technology giant Apple has seen quarterly results beat forecasts, thanks to strong iPhone sales.
Net profits hit $1.23bn (£953m), or $1.35 a share, in the fiscal third quarter to 27 June, from $1.07bn, or $1.19 a share, a year earlier.
Apple sold more than 5.2 million iPhones in the quarter, seven times greater than the same period a year, before, boosted by a new iPhone model.
Analyst reacted positively to the news and shares rose in after-hours trade.
Shares of Apple ended at $151.60 before rising to $157.02 after the results.
‘Advantages’
Andy Hargreaves, an analyst at Pacific Crest Securities described the the numbers as "great".
"Their gross profits continue to surprise people and there is a return to product momentum…a return to growth in the Mac business, and then the iPhone is doing tremendously well and that is a potent combination."
He added that forecast for the fourth quarter were strong relative to what he had expected.
Revenue for the period climbed 12% to $8.3bn, ahead of expectations of $8.2bn. Every region in the world saw revenue increase.
The number of Macs sold by Apple grew 4% year-on-year.
Shaw Wu, an analyst at Kaufman Bross said: "We think they are very uniquely positioned with their competitive advantages."
The one area to see a contraction was its iPod, where sales were 7% weaker year-on year.
The firm posted a conservative outlook for the current quarter, predicting earnings of $1.18 to $1.23 a share with revenue between $8.7bn to $8.9bn, but analysts highlighted that Apple is consistently conservative in its predictions.
Apple chief financial officer Peter Oppenheimer said: "We are very proud of this result, particularly given the economic climate around us." </p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
“We’re extremely pleased to report record non-holiday quarter revenue and earnings and quarterly cash flow from operations of $2.3 billion,†said Apple CFO Peter Oppenheimer. For its third fiscal quarter, Apple posted revenue of $8.34 billion and a net quarterly profit of $1.23 billion, or $1.35 per diluted share. Apple sold 2.6 million Macintosh computers, 10.2 million iPods, and 5.2 million iPhones during the quarter.
Google CEO Eric Schmidt claims online ads created for the desktop are powering mobile search ads and click-throughs. However, Google does not see mobile search eating up desktop ad share in the future. Also, YouTube is approaching profitability for the search engine. How? Pre-roll and home page branded ads.
– Lost in all the hullabaloo over YouTubes approach to profitability
following Googles second-quarter earnings call last week was that desktop ads
that Google tailored to the mobile search performance do better than ads
created specifically for mobile devices.
Thats what Google CEO Eric Schmidt to…
Instead of keeping BlackBerrys, iPhones and other personal mobile devices out of the enterprise, a new report from Forrester suggests creating a personal responsibility policy. Says the report: Good things happen when enterprises support their employees’ smartphones.
– Security
concerns have long led enterprises to shun employee-owned devices, but a
new report from Forrester, “Technology Populism Fuels Mobile Collaboration,”
suggests that a more effective route is to acknowledge the devices and attach
to them a quot;personal responsibility policy. quot;
…
