| 25 Dec 2006 02:36 am |
Wannabe Rep: 0 Joined: 24 Dec 2006 Posts: 63 OFFLINE | hi, guys ,here is news about Apple surges on iPod boom
Digital media giant beats Wall Street projections with a 27 percent increase in quarterly profit and a 35 percent jump in iPod sales.
Strong sales of iPods and Macintosh computers propelled Apple to a 27 percent increase in fourth-quarter profit today, defying Wall Street expectations that iPod sales were slowing.
Here is one passage about Wall Street Journal reviews the latest iPods and iTunes Oct 16,2006.
The Wall Street Journal’s Walter Mossberg and his colleague Katherine Boehret have been testing the latest iPods and iTunes for a few weeks, and in their review they note how Apple has risen to the challenge of the upcoming Microsoft Zune. Overall, they like what they see and hear:
the latest iPods are more versatile and less costly than ever...
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Last edited 25 Dec 2006 02:38 am by runningtiger | |
| | 25 Dec 2006 02:41 am |
Wannabe Rep: 0Joined: 24 Dec 2006 Posts: 63 OFFLINE | Apple said it sold 8.73 million iPods in the quarter ended September 30 for $1.56 billion in revenue, up from 6.5 million iPods and $1.21 billion in revenue in the same period a year ago.
Coupled with strong sales of Mac computers, the iPod boom led the company to a 32 percent spike in revenue to $4.84 billion.
The company reported a quarterly profit of $546 million, or 62 cents per share, up from $430.0 million, or 50 cents per share, a year ago. '
Those numbers outperformed Apple’s projections in July for earnings per share of 46 cents to 48 cents, including an estimated 3 cents per share for expensing stock options, on revenue of $4.5 billion to $4.6 billion. Wall Street analysts, on average, had expected earnings of 51 cents per share on revenue of $4.67 billion.
For the current first quarter of fiscal 2007, which includes the crucial holiday-sales season in which the iPod will battle Microsoft’s Zune for the first time, Apple said it expects earnings per share of 70 cents to 73 cents, and revenue in a range of $6.0 billion to $6.2 billion. Wall Street projects higher numbers for the company at a range of 62 cents to 84 cents, on revenue of $6.43 billion.
Apple also said that it was reviewing accounting guidance regarding its stock option grants and that it may need to restate its historical financial results and to take noncash charges.
Shares of Apple were up 4.2 percent at $77.65 in composite late trading after the company reported results.
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