ADVFN - Advanced Financial Network.
HOME» NASDAQ » A » AAPL Stock Price » AAPL Stock News

Apple Share News

 Apple Inc. (mm) Stock Price
AAPL Stock Price
 Apple Inc. (mm) Stock Chart
AAPL Stock Chart
 Apple Inc. (mm) Stock News
AAPL Stock News
 Apple Inc. (mm) Company Information
AAPL Company Information
 Apple Inc. (mm) Stock Trades
AAPL Stock Trades

Apple 3Q Profit Up 21%, Results Misses Street View

By Nathalie Tadena Apple Inc.'s (AAPL) fiscal third-quarter earnings climbed 21% as the consumer electronics giant continued to see stronger iPhone and iPad sales, though overall earnings and revenue grew less than analysts had expected. Shares sank 5.5% to $568 in recent after-hours trading. The technology bellwether had posted results above Wall Street estimates in the prior two quarters, thanks to strong demand for its smartphone and tablet computer. In the latest period, Apple sold 26 million iPhone units, up 28% from a year earlier. Analysts expect Apple will launch its next iPhone in the fall, about a year after its 4S model. Apple sold 17 million iPad units in the most recent quarter, an 84% year-over-year increase. The company began selling its third-generation iPad in March. The maker of computers and electronics devices, known for traditionally giving conservative guidance, said it expects fourth-quarter earnings of $7.65 a share on revenue of about $34 billion. Analysts surveyed by Thomson Reuters forecast a profit of $10.22 a share on $38 billion in revenue. For the quarter ended June 30, Apple reported a profit of $8.82 billion, or $9.32 a share, up from $7.31 billion, or $7.79 a share, a year earlier. Revenue jumped 23% to $35.02 billion, with 62% of the top line coming from international sales. In April, the company forecast earnings of about $8.68 a share on revenue of about $34 billion. Analysts had most recently predicted a per-share profit of $10.36 and revenue of $37.18 billion. Gross margin widened to 42.8% from 41.7%. The company sold 4 million Macintosh computers, up 2% from a year ago. It also sold 6.8 million iPod media players, a 10% decline. Apple has reported declining sales for the iPod in recent quarters although the unit has likely benefited from higher average selling prices, as more consumers gravitate toward the iPod Touch. The stock, which hit an all-time high in April, is up 48% since the start of the year. -Write to Nathalie Tadena at nathalie.tadena@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Apple (AAPL)
DateTimeHeadline
01/30/201518:58:13MARKET SNAPSHOT: Gasoline 'tax Cut' In Focus On Energy, Consumer-based...
01/30/201513:31:07Tech Companies, Italy Reach 'Freemium' Deal--Update
01/30/201513:26:23Apple, Google, Amazon Reach 'Freemium' Pact
01/30/201513:25:51Apple, Google and Amazon Reach 'Freemium' Agreement
01/29/201521:04:25Taiwan's Fourth-Quarter Growth Slows
01/29/201519:21:24U.S. Stocks Extend Gains
01/29/201519:20:16U.S. Stocks Trade Higher
01/29/201517:21:58U.S. Stocks Mixed as Oil Drop Continues to Weigh
01/29/201511:29:20U.S. Stocks Waver Amid Data, Earnings
01/29/201509:22:13MARKET SNAPSHOT: U.S. Stock Futures Higher After Jobless Claims
01/29/201508:11:36MARKET SNAPSHOT: U.S. Stocks Poised To Bounce Back As Ford Drives...
01/29/201507:50:49MARKET SNAPSHOT: U.S. Stocks: Ford, McDonald's Up As Futures...
01/29/201506:55:33Samsung, Apple Back in Dead Heat for Global Smartphone Dominance
01/29/201506:21:10MARKET SNAPSHOT: U.S. Stocks: Futures Up Ahead Of Ford Results...
01/29/201504:21:06U.S. Business Groups Ask China to Postpone New Cybersecurity...
01/29/201502:22:08Hon Hai Units' Merger Plan Hits Hurdle
01/28/201520:40:34Samsung Electronics 4th Quarter Profit Falls 27%
01/28/201520:25:18Samsung Electronics Fourth-Quarter Profit Falls 27% -- Update
01/28/201520:24:30Can Apple Keep Up Its Growth Spurt?
01/28/201519:11:19Qualcomm Shows Unexpected Growth but Still Cuts Outlook -- Update

Apple Computer and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad