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
08/28/201512:10:00Apple Loses Music Executive
08/28/201511:55:00Apple Loses Music Executive
08/27/201518:00:00GameStop Profit Rises
08/26/201521:10:00Amazon Curtails Development of Consumer Devices
08/26/201517:30:00Avago Revenue Rises 37%
08/18/201518:33:13Statement of Changes in Beneficial Ownership (4)
08/18/201502:00:00Apple Music Festival Brings Incredible Live Performances to Fans...
08/14/201508:50:08J.C. Penney Continues Improvement
08/13/201514:50:27Samsung Unveils 2 New Devices and Mobile Payment System
08/13/201514:40:11Samsung Unveils Two New Devices and Mobile Payment System
08/13/201510:46:59Bang & Olufsen Sales in 4Q 2014/15 Jump, But Posts Hefty Net...
08/13/201509:00:09iPhone Maker Hon Hai Shows Slower Earnings Growth
08/13/201508:52:13iPhone Maker Hon Hai Shows Slower Earnings Growth
08/13/201507:23:59Hon Hai 2nd-Quarter Earnings Growth Slows; Customers Await New...
08/12/201520:07:19With iPad Sales Cooling, Apple Leans on Partners
08/12/201510:10:07Hewlett-Packard Names Post-Breakup Board Members
08/10/201513:10:08China's Xiaomi Is Assembling Smartphones in India
08/10/201509:00:00Boost your business with FileMaker's special bundle for new users
08/10/201509:00:00Boost your business with FileMaker's special bundle for new users
08/09/201521:07:04Foxconn Plans to Spend $5 Billion on Factories in India

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