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LG reports record loss
Bloomberg reports: LG Electronics Inc., the world’s third-biggest mobile-phone maker, reported a record loss at its handset business after lagging behind Apple Inc. and smartphone makers in selling models that send e-mails and surf the Internet. Losses from mobile phones totaled 120 billion won ($101 million) in the second quarter, compared with profit of 620 […]
Continue reading...Microsoft posts best Q4 results in company history
22. July 2010
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Techcrunch reports: Microsoft has just reported its earnings for Q4 2010 (their fiscal calendar is a bit odd). Given Apple’s blockbuster quarter announced on Tuesday, there was a lot of talk that Apple would surpass Microsoft in revenue for the first time in recent history. That hasn’t happened. Instead, Microsoft had its best Q4 ever […]
Continue reading...Handset Profits – Apple vs. everyone else
22. July 2010
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In just 3 short years, Apple came out of nowhere and revolutionized the entire notion of what a smartphone is. And though its total share of the handset market is still low (try 3%), the profits Apple rakes in from iPhone sales are anything but. Moreover, Apple’s iPhone profits are greater than the handset profits from RIM, Motorola, Nokia, HTC, and […]
Continue reading...Breaking down Apple’s record setting Mac sales
21. July 2010
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Apple announced yesterday that it sold 3.47 million Macs during the quarter gone by, representing a “new quarterly record and a 33 percent unit increase over the year-ago quarter.” This achievement is all the more remarkable given that it took place during a non-holiday quarter. Breaking down the 3.47 million figure, Apple sold 1 million desktops […]
Continue reading...JP Morgan ups Apple stock target to $400
21. July 2010
Following Apple’s blowout Q3 quarter which saw the company’s profits increase an astounding 77%, JP Morgan analyst Mark Moskowitz upped his target for Apple’s share price to $400. We reiterate our Overweight rating and increase our Dec-11 price target to $400, from $390 previously. Apple is also on the J.P. Morgan Analyst Focus List. While the […]
Continue reading...Apple delivers blockbuster earnings, again
20. July 2010
Apple today reported its earnings for the third fiscal quarter of 2010 and posted earnings of $3.51 a share on revenue of $15.7 billion, an all-time record for Apple. The consensus on Wall St. anticipated EPS of $3.11 on revenue of $14.75 billion. By way of comparison, during the Q3 of 2009, Apple’s earnings checked […]
Continue reading...Apple’s 2010 Q3 Earnings – what Wall Street analysts expect
20. July 2010
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Philip Elmer-DeWitt of Fortune does us all a favor with this spreadsheet detailing what Wall St. analysts and Apple financial bloggers expect to see when Apple releases its earnings for the Q3 of 2010 later this afternoon. Don’t be surprised to see the predictions of the unaffiliated analysts be a lot accurate than what many […]
Continue reading...Apple set to release earnings tomorrow as revenue race with Microsoft narrows
19. July 2010
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Tomorrow afternoon, Apple will release its earnings from the quarter gone by. Over the past few quarters, Apple has consistently blown by analyst estimates while delivering jaw dropping results that continue to pleasantly surprise both analysts and investors. Moreover, some anticipate that when Apple and Microsoft both release their earnings later this week, Apple’s quarterly revenue […]
Continue reading...Apple was interested in acquiring Palm before HP sealed the deal
15. July 2010
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Dan Frommer of Business Insider sheds some light on some of the other tech companies who considered making a play for Palm, who were ultimately acquired by HP for a cool $1.2 billion. Notably, and quite surprisingly, Apple was strongly considering a Palm buyout before the HP deal eventually went down. Citing a source familiar with the […]
Continue reading...Andy Zaky sees blowout quarter ahead for Apple
9. July 2010
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Andy Zaky writes for AppleInsider: Not only is Apple accelerating its revenue, it’s pushing more of that revenue to the bottom line. But while its sales are accelerating, the growth in the cost to run the entire Apple operation is barely climbing. This means Apple is becoming increasingly efficient at printing money as it makes […]
Continue reading...How important is the iPhone to Apple’s bottom line?
28. June 2010
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Andy Zaky of Bullish Cross takes a look at just how significant the iPhone has become to Apple’s bottom line in just a span of 3 years. At this time 3 years ago, the original iPhone wasn’t even available in stores. Now, it not only accounts for the bulk of Apple’s revenue, but is also […]
Continue reading...RIM sells 100 millionth BlackBerry as quarterly profits increase 43%
25. June 2010
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Back in the late 80’s, the 30/30 club in Baseball (30 homers + 30 steals) was considered an incredible feat, and players who were able to pull it off were often considered the cream of the crop. In tech, the 100 million club seems to the modern day equivalent to what was once a heralded […]
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29. July 2010
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