Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 19 October 2011 09:10

Apple announces record revenues, profits

Written by



But some figures fall short of expectations


Apple delivered its quarterly earnings report Tuesday afternoon and revenue was below analysts’ expectations on lackluster iPhone sales.

It’s a rather awkward situation, since sales were driven down by the anticipation of the new iPhone, so basically the outfit ended up competing with itself and losing sales thanks to the iPhone 5/4S hype over the past couple of months.

Still, the figures were quite strong. Apple earned $28.3 billion in its fourth fiscal quarter and posted a profit of $6.6 billion, or $7.05 per share. Revenue jumped 39 percent year-on year and profit was up 54 percent. Analysts had hoped for upwards of $29 billion in revenue and Bloomberg claims this is the first time Apple missed expectations in 32 quarters.

Most punters attribute the weaker than expected results to iPhone sales. Apple sold 17 million units in the last quarter, but most analysts were hoping for 20. However, the figures don’t include the new iPhone 4S and sales are expected to bounce back in the current quarter.

The market didn’t take the news well and Apple shares shed more than 6 percent in after-hours trading on Tuesday.

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