Relief for Apple as sales soar

first_img KCS-content Tags: NULL Show Comments ▼ Tuesday 18 January 2011 8:47 pm whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at Share Relief for Apple as sales soar whatsapp APPLE beat expectations with its quarterly results yesterday, buoyed by strong Christmas figures that saw the company sell 7.3m iPads, 16.2m iPhones and 19.5m iPods during the period.Analysts had expected earnings per share (EPS) of $3.95 versus an actual EPS of $4.64. Revenues were $26.7bn (£16.7bn) compared with a consensus forecast of $24bn.Apple executives will hope that the earnings, which were released after markets closed yesterday, will give the company’s stock some relief after the news on Monday that chief executive Steve Jobs is to take sick leave.Apple shares fell 6.3 per cent in early trading before closing 2.3 per cent lower in response to the news about Jobs, but were up 1.3 per cent in after hours trading and could regain their losses today on the back of the firm’s strong results.Sale of iPhones, in particular, rocketed above expectations, recording an 86 per cent jump on the equivalent quarter a year ago. The company had a particularly strong showing internationally: 62 per cent of revenues were from outside the US.“We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,” said Jobs, Apple’s chief executive. “We are firing on all cylinders and we’ve got some exciting things in the pipeline for this year.”The bottom line was also helped by a fall in gross margins, which came to 38.5 per cent versus 40.9 last year.The only major decline in product sales was among iPods: seven per cent fewer were sold during last quarter than during the equivalent period of 2009. Investors will now have to balance the strong business growth with the departure of Jobs, seen as Apple’s mastermind. last_img read more