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 lilly.vitorovich@dowjones.com; Twitter: @LillyVitorovich Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Apple (AAPL)
DateTimeHeadline
07/31/201416:51:08TECH STOCKS: Yelp, 3D Systems Stand Out As Tech Stocks Slump
07/31/201403:12:26Apple to Cut 200 Jobs at Beats Electronics -- Reports
07/31/201400:02:16Correction to Taiwan's Economy Grows in 2nd Quarter Story
07/30/201422:58:22Samsung to Launch Two New High-End Smartphones
07/30/201422:23:44Taiwan's Economy Grows 3.9% in 2Q, Well Above Forecasts
07/29/201416:39:57TECH STOCKS: Tech Stocks Ease Ahead Of Twitter Earnings
07/29/201410:00:07Apple Cuts Price on MacBook Pro by $100
07/29/201401:40:24Huawei Smartphone Shipments Rise
07/28/201416:32:27TECH STOCKS: Zillow's $3.5 Billion Trulia Buy Leads Tech Action
07/28/201412:15:03TECH STOCKS: Zillow Falls On $3.5 Billion Trulia Acquisition
07/28/201411:46:50TECH STOCKS: Zillow Rises On Trulia Acquisition
07/24/201409:21:25MARKET SNAPSHOT: U.S. Stocks: Futures Up; Jobless Claims Tumble
07/24/201407:17:12MARKET SNAPSHOT: U.S. Stocks: Futures Up As Ford, Facebook Rise...
07/24/201406:16:16MARKET SNAPSHOT: U.S. Stocks: Futures Up With Eyes On Ford, Facebook
07/23/201419:42:43Have Big-Screen Smartphones Crashed the Tablet Party?
07/23/201416:38:22MARKET SNAPSHOT: S&P 500 Closes At Record On Strong Earnings
07/23/201412:07:40MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Sets Intraday Record
07/23/201411:29:13TECH STOCKS: Apple, Microsoft Fuel Broad Tech Gains
07/23/201410:20:13MARKET SNAPSHOT: U.S. Stocks Inch Higher; Boeing Weighs On Dow
07/23/201409:50:41MARKET SNAPSHOT: U.S. Stocks Open Higher; S&P 500 At Record

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