Thursday, March 3, 2011

Apple's fourth-quarter profits soar 70% in

October 19, news, Apple Inc (AppleInc.) will benefit from the buoyant demand iPad and iPhone, fourth quarter profit and revenue both superior market predicts that the profit rose 70%, but profits estimated fear involved is lower than the market expected, after the share price fell accordingly.

Apple issued a press release said that as of September of the fourth quarter net profit climbs to 43.1 billion, or earnings per share $ 4.64, higher than Bloomberg survey for analysts predict median 4.10 dollars, compared to the same period last year profit 25.3 billion, or earnings per share $ 2.77. Revenue is growing up to 203 million, better than Bloomberg survey estimated median 189 million.

According to Taiwan media, Apple CFO Europe Oppenheimer (PeterOppenheimer) said that the current season's revenues approximately 230 billion, earnings per share of approximately $ 4.8, compared to the Bloomberg survey for analysts estimated earnings per share for this quarter was $ 5.03, 223 billion in revenue. This will cover the end of the holiday shopping season.

Apple sold on quarter total 419 million iPad, PiperJaffrayCos. analyst Meng Sturt (GeneMunster) estimated 450 million units.

OakbrookInvestments investment managers pointed out that sales may be affected by a shortage of parts. Investors may have on the iPad sales marginal somewhat disappointed. At the same time, Apple on the quarter of the fiscal conservative measure.

Apple stock price after the decline of 5%, reported $ 302.02, in u.s. stocks rise in normal trading hours $ 3.26, reported $ 318, year counted up 51%, and in last week's first breaking 300 dollar mark.

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