“The stock rose as much as 5.2 percent in German trading after Apple said yesterday that revenue in the three months that end in September will be about $18 billion,” Bloomberg reports. “Analysts had predicted sales of $17 billion.”
“The company also reported third- quarter revenue and profit that exceeded analysts’ predictions, fueling a gain in Apple stock in extended trading,” Bloomberg reports. “Net income leaped 78 percent and revenue reached a record last quarter, the first to include sales of the iPad tablet computer and the newest iPhone. Chief Executive Officer Steve Jobs, 55, vowed to release more ‘amazing new products’ this year, part of an effort to repel a threat from Google, a competitor in mobile software and advertising, and such computer makers as Hewlett-Packard Co., which plans its own tablet.”
MacDailyNews Take: For perspective, the current facts: Google = inferior fake iOS and HP = vapor and printer cartridges.
Bloomberg continues, “Rivals aside, Apple expects gains to continue, forecasting per-share earnings of about $3.44 this quarter. The company’s estimates are typically conservative, and analysts on average are forecasting profit of $3.83 a share. ‘We have amazing new products still to come this year,’ Jobs said in the statement.”
“This year, Apple may ship 12.9 million iPads, ISuppli Inc. said this week. Previously the El Segundo, California-based research firm had expected 7.1 million,” Bloomberg reports. “Apple is taking steps to overcome supply shortages for the iPad and the new iPhone 4, Chief Operating Officer Tim Cook said yesterday on a conference call with analysts. ‘We’re currently selling those products as fast as we can make them,’ Cook said. ‘In the scheme of things, it’s a good problem to have.'”
Full article here.
MacDailyNews Note: In pre-market trading, shares of Apple Inc. (AAPL) are currently up $12.28, or 4.88%, to $264.17.
NASA may have slowed down, but Apple continues its path to the moon, firing on all cylinders.
NASA has slowed down due to Obama’s lack of vision.
The U.S.’s priorities are out of whack. America should lead, not sit back, kow-towing to the world.
A bloated tax and spend government is the last thing we need in this economic climate.
Never thought I’d say it, but I miss Bush.
MDN:
Please remove off topic babble above:
Jul 21, 10 – 09:49 amComment from: Used to be a Democrat
This is not a political forum. Also, people can claim they used to be anything on the internet… doesn’t mean it’s true.
Yeah, I moss Bush, too.
You know, one of the very difficult parts of the decision I made on the financial crisis was to use hardworking people’s money to help prevent there to be a crisis.
White House, Jan. 12, 2009
Excuse me, “miss” Bush.
NASA’s new name will be:
MISS (Mullahs In Space Soon)
um This is an AAPL blog not a political one. Halo? anybody there?
Run a comparison chart of all of Apple’s competitors and find they are terrible investments. Almost all are in the hole over the last two years, except Motorola has inched over zero in the past two weeks. We’ll see how long that lasts. The phone carriers have been awful investments too.
So Moto benefited the most from the well organized iPhone FUD campaign. Well, Moto and the Shorts. Sounds like a 80s garage band.
So analysts were only a 1 Billion off this time. I’ll be sure to listen to them again next time, as they just get better & better.
Just to put Apple’s “lowball” guidance into perspective. This $18B compares to last year’s $12.2B, which is only 47.5% higher. Why analysts and the media keep up this myth of “lowball” guidance is nonsense. Apple always guides between 20 and 47.5% higher than the year before. That’s hardly “lowball”. Most people think when they hear “lowball” that Apple is predicting less revenue and profit than the year before, that’s hardly the case.
@Used to be:
I’m confused. I thought the space program needed money to support a “vision.” If NASA not getting cash is bad, and Tax-and-Spend is also bad, then NASA should get cash by…what? Spend-without-taxing? Robbing space aliens?
Off-topic and illogical. Typical Internet comment.