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

ARM Posts Market Beating Earnings On Strong Demand For Its Microchips

By Lilly Vitorovich LONDON--U.K. microchip designer ARM Holdings PLC (ARM.LN) Wednesday reported a bigger-than-expected rise in second-quarter profit as it benefits from the rising popularity of smartphones and tablets, and forecast that its annual revenue will be in-line with market expectations. In April overall market consensus was for ARM's full-year revenue to rise around 10% to $860 million. ARM said it enters the second half of the year with a "record order backlog and a robust opportunity pipeline." Net profit jumped 48% to 39.4 million pounds ($61.1 million) for the three months ended June 30 from GBP26.6 million a year earlier, driven by solid demand for its designs. Strong sales of digital devices, including smartphones and tablets led to 2 billion ARM-designed chips being shipped in the second quarter of 2012, up 9% from a year earlier. That compares with a 4% fall in broader industry shipments over the same period, according to ARM. ARM's low-cost and energy efficient microchip designs can be found in most mobile phones, including Apple Inc.'s (AAPL) iPhone and iPad tablets, as well as Samsung Electronic Co.'s (005930.SE) range of Galaxy mobile phones. Overnight, Apple said it sold 26 million iPhones and 17 million iPads in the three months to June 30, while Samsung is expected to report second-quarter earnings on Friday. Still, competition is heating up as Intel Corp. (INTC), which dominates the overall chip market, is targeting the lucrative market of smaller handheld devices. ARM isn't sitting still, however, with its designs to feature in Microsoft Corp.'s (MSFT) Windows 8 software. Intel earlier this month reported a 4% fall in second-quarter net profit and cut its annual guidance, citing weaker demand for personal computers. Intel, which makes the chips that serve as calculating engines in most PCs, said it now expects revenue to rise by 3% to 5% this year, down from its previous guidance for "high single-digit" percentage growth. Intel largely blamed the slowdown in demand on the difficult macroeconomic environment. ARM reported a 15% rise in revenue to GBP135.5 million from GBP117.8 million, beating market expectations of GBP129.8 million. Revenue in dollar terms, a figure closely watched by analysts as the company generates the bulk of its sales in that currency, rose 12%. Profit before tax and exceptional items--another figure closely tracked by analysts--jumped 23% to GBP66.5 million, ahead of expectations of GBP57.8 million. That compares with GBP54.2 million a year earlier. ARM declared an interim dividend of 1.67 pence, up 20% from a 1.39 pence a year earlier. ARM shares closed 2.7% lower Tuesday at 485 pence, valuing the company at GBP6.68 billion. Write to Lilly Vitorovich at; Twitter: @LillyVitorovich Subscribe to WSJ:

Stock News for Apple (AAPL)
11/30/201518:00:39Don't Take IDC's Smartwatch Predictions Too Seriously
11/30/201516:25:04A Strong Black Friday Shows That the iPad Isn't Dying
11/30/201515:30:021 Potential Positive for Apple Inc.’s iPad Business
11/30/201514:30:03Apple, Inc. Has an Unusual Solution for People Who Can't Afford...
11/30/201513:30:031 Mac Technology That Apple Inc. Should Bring to the iPhone 7
11/30/201512:40:00GT Advanced Pursues $80 Million Loan to Exit Bankruptcy
11/30/201512:35:00GT Advanced Pursues $80 Million Loan to Exit Bankruptcy
11/30/201512:05:03Samsung's Galaxy S7: All the Rumors We Know
11/30/201511:00:03Why Apple Inc.’s 2016 MacBook Will Use an Intel Corp. Core M...
11/30/201510:47:03Black Friday and Cyber Monday: All Hype or a Key Weekend for...
11/30/201510:00:03Apple Inc. Might Sell 6 Million Apple Watches This Quarter
11/30/201508:00:00Swatch in Smartwatch Payment Deal With Visa
11/29/201517:00:03Why Apple, Inc. Doesn't Care About Black Friday
11/29/201514:00:03Apple's Mac Market Share Could be a Lot Higher Than You Think
11/29/201511:18:02PayPal Might Have Another Huge Competitor Next Year
11/29/201509:40:10Adele's "25" Isn't on Spotify or Apple Music -- Here's Why It...
11/28/201514:45:37Let's Not Call the iPad Pro a Failure Just Yet
11/28/201511:00:09Why I No Longer Buy Apple Suppliers and Just Buy More Apple
11/28/201507:15:39The Dirty Word Crushing Big Dividend Stocks
11/27/201516:58:03The iPad's Market Share Continues to Collapse

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