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, 24 April 2013 08:00

Apple beats Wall Street expectations

Written by Fudzilla staff

37.7m iPhones, 19.5m iPads shipped in Q1

Although many analysts were expecting Apple to post lackluster results, Tim Cook’s outfit managed to beat market expectations, although it did report its first profit decline since 2003.

Apple managed to ship a total of 37.4 million iPhones and 19.5 million iPads last quarter. The figures were well above expectations, as some analysts were expecting iPhone shipments south of the 30 million mark. Apple reported first-quarter profit of $9.5 billion, down from $11.6 billion last year. Revenue was $43.6 billion, up from $39.2 billion a year ago. Mac sales were under 4 million units, down from 4.1 million.

Apple is still hoarding cash like a squirrel and it is currently sitting on a cash hoard of $145 billion. Although revenue is up, margins are down. It seems that quite a few consumers are opting for older iPhones and the iPad mini rather than the pricier iPhone 5 and iPad 4.

Cook used the opportunity to point out that Apple won’t have any major product launches anytime soon, but he said a slew of new products is coming this fall.

Fudzilla staff

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