Arab Today, arab today weak outlook tarnishes apple\s record results
Last Updated : GMT 10:54:55
Arab Today, arab today
Arab Today, arab today

Weak outlook tarnishes Apple\'s record results

Arab Today, arab today

Arab Today, arab today Weak outlook tarnishes Apple\'s record results

San Francisco - AFP

Apple shares tumbled Wednesday after the tech giant posted record profits and sales of its iPhones and iPads but offered a disappointing forecast for the coming months. Apple said it made a profit of $13.l billion on revenue of $54.5 billion in the fiscal quarter that ended on December 29 as sales of iPhones and iPads set quarterly records. The California-based company reported that it sold 47.8 million iPhones and 22.9 million iPad tablet computers in the closing months of last year. \"We\'re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter,\" said Apple chief executive Tim Cook. Some investors soured on Apple, however, after it forecast that revenue for the current quarter would range from $41 to $43 billion and a gross margin of from 37.5 to 39.5 percent. Peter Misek, analyst at Jefferies, said Apple\'s results topped the consensus \"but fell short of our estimates.\" \"In particular iPhone shipments of 47.8 were disappointing,\" he said, noting the brokerage\'s estimate of 53 million. Apple shares dropped 8.5 percent to $470.30 in after-market trading that followed release of the earnings results. \"The most important thing is that our customers love our products,\" Cook said in an earnings call with financial analysts. \"Not just buy them; love them,\" he continued. \"Everyone at Apple has their eyes on the future.\" Apple\'s stock has been in a downward spiral since hitting a record level above $700 last year, amid concerns that the technology icon is losing its edge in innovation, and that rivals are catching up or beating Apple in key segments. Recently, the iPhone 5 made a lackluster debut in China and an analyst reported that Apple has cut orders for smartphone parts. Apple remains the world\'s most valuable company but its image has been hit by several factors, including an embarrassing release of its glitch-ridden maps program for the new iPhone. A survey last month showed Google\'s Android operating system will power more than two-thirds of smartphones sold worldwide in 2012, and will remain the dominant platform for at least the next four years. The survey by the research firm IDC showed Android will be the platform for 68.3 percent of smartphones shipped in 2012, far ahead of 18.8 percent for the iOS platform used on Apple\'s iPhone. Brian White at Topeka Capital Markets remained upbeat on Apple. \"There is quite a bit of bad news priced into the stock at current levels,\" he said. White said iPhone sales were better than his recently boosted estimates but that iPad sales were below his projections of 24.5 million for the quarter. White said he was unfazed by Apple\'s \"signature conservative outlook\" and that the company is likely to get a lift from what he believes will be a new iPhone launch in May or June, and an \"iPad refresh\" in March.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today weak outlook tarnishes apple\s record results Arab Today, arab today weak outlook tarnishes apple\s record results

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today weak outlook tarnishes apple\s record results Arab Today, arab today weak outlook tarnishes apple\s record results

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Writing's on the wall for Trump, Zuckerberg

GMT 09:05 2017 Thursday ,19 October

Writing's on the wall for Trump, Zuckerberg
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday