Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 21 July 2010 09:29

Apple reports record earnings

Written by Nermin Hajdarbegovic


iPhone 4, iPad fuel growth
Apple has outdone itself once again. The outfit has reported record earnings for the second quarter of 2010 and its optimistic Q3 guidance has surprised even optimistic market watchers.
Apple posted record breaking revenues of $15.7 billion and net quarterly profit was $3.25 billion, or $3.51 per share. Analysts were somewhat cautious on tech stocks due to seasonal trends, but it appears that Apple’s shipments weren’t affected by the slow market.

The outfit managed to sell 3.27 million iPads and 8.4 million iPhones. It’s worth noting that the majority of iPhones shipped in the last quarter were in fact old 3GS models, so sales could improve in the current quarter, as users transition to the new iPhone 4. MacBook sales were also strong and with 3.47 million units Apple has set another quarterly record. iPod sales are gradually declining, but Apple has no reason for concern as most iPod users are simply giving them up in favor of the much pricier iPhone.

Although some analysts were concerned about iPhone 4 antenna issues and the possibility of a very costly recall, Apple has come up with a much cheaper solution. The recall would have cost it more than $1.5 billion, but Apple chose to offer free rubber bumpers instead, at a cost of $175 million.

Nermin Hajdarbegovic

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments