“Each year, Apple Inc. sweeps out its old line of gadgets to make room for an even spiffier group of products for the holidays. And, each year around this time, Apple rivals and others dumbfounded by its multiyear winning streak in the electronics business wonder whether this is the holiday season when the company will finally stumble,” Nick Wingfield reports for The Wall Street Journal.
“Don’t bet on it. This Monday, Apple will offer the first hint of how its computers, iPods and new iPhones are likely to perform during the crucial holiday shopping season when it reports its fiscal fourth-quarter earnings for the period ended late September. The earnings will include the first sales results from a new family of iPods and the iPhone’s first full quarter of sales,” Wingfield reports.
“Early signs suggest the new iPods are a hit. ‘They had just a tremendous September,’ says Tony Berkman, an analyst for Majestic Research, a financial-research firm that uses Internet sales figures from various sources to determine a company’s overall performance,” Wingfield reports.
“The iPhone appears to be selling well, too, especially after Apple dropped the price by $200 to $399 in early September. Analysts believe Apple will report about one million iPhones sold in the quarter ended late September, on top of the 270,000 they sold in the 30 hours it was available during the prior quarter,” Wingfield reports.
Full article here.
Here’s to the crazy ones!