Interesting article that talks about the latest earnings statement from Apple. The author pours over the numbers and interprets what they mean as far as how many iPhones have been sold, and what that has done to Apple's bottom line.
Apple sold 6.9 Million iPhones last quarter, worth $806 million in revenue. If it wasn't deferred over 12 months, this would now represent 39% of Apple's overall revenue. It's clear that Apple is now a communications company, not a computer company. Amazingly, iPhone is now outselling RIM. Over 200 Million apps have been downloaded in just 102 days
The rare appearance by the Apple CEO produces a few more pithy quotes than you would usually hear on an earnings call. Here are a few...
October 21, 2008—Apple® today announced financial results for its fiscal 2008 fourth quarter ended September 27, 2008. The Company posted revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share. These results compare to revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted shar
Apple CEO Steve Jobs made a rare appearance during Apple’s 4th quarter earnings results conference call. Feeling the timing was right to address some questions that have been raised, Jobs highlighted two core milestones. First being Apple beating (outselling) RIM, and second, measured by revenue, Apple has become the world’s third large...
Quicktime feed of Apple's 4th Quarter 2008 @ 5pm
SanDisk ( NSDQ: SNDK) tried to take care of a lot of different business with Monday's earnings report and call, including announcing aggressive cost cutting, but it all came down to trying to show that the company is on the right track as it deals with an unwanted offer of $26 per share from Samsung.
Wall Street investors are holding their breath as Apple is set to report earnings after the close of regular trading this afternoon. This particular report will be one of the most crucial in the company’s history as Wall Street and her analysts have completely written Apple off as a business that could thrive in a slower economic environment.