Apple beats Wall Street expectations; posts $1.55 billion revenue for quarter

“Apple Computer Inc. Wednesday reported quarterly earnings that fell from a year ago on slightly higher revenue as costs for the maker of Macintosh computers rose,” Reuters reports.

For the fiscal third quarter ended June 28, Cupertino, California-based Apple said it had net income of $19 million, or 5 cents a share, down from $32 million, or 9 cents, a year ago. Revenue rose to $ 1.55 billion from $1.43 billion.

Analysts had forecast Apple to post, on average, a net profit of 3 cents a share within a range of 2 cents to 6 cents, on revenue of $1.48 billion, according to Reuters.

5 Comments

  1. The spin will begin on the results. Some headlines will say “Apple beats estimates”, others will say “Apple down from a year ago” yadda yadda, yadda…….

  2. It’s strange that “yada” has only one “d”, but “yubba dubba do” has double consonants.

    A key difference this year as compared to last year is that Apple is rrreeally becoming it’s own big applications supplier: FCP 4, FCE, Soundtrack, iTunes Music Store, iChat, Safari. This is a fundamental shift.

  3. BBC News 24 on Cable showed some ancient footage of Apple headquarters with the old multi-coloured logo, and the news was…

    Apple’s profits down almost 40% on last year…

  4. I don’t think there is no right or wrong on this word. However, Kenny Kramer himself (the real Kramer) spells it “Yada”. Go figure. I guess you can use the “Rado” watch concept. It’s not spelled “Raddo”.

    It’s like the word “Microwavable” or “Microwaveable”. Which is correct? According to the dictionary both are.

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