Thursday, January 18, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Accelerates US investment, Plans to Pay $38 billion in Foreign Cash Taxes
Everspin Begins Volume Production of 40nm STT-MRAM
Broadcom is Under Antitrust Investigation by FTC
Google Offers AI Image-Detection Tool to Cloud Customers
New Meizu M6s Comes With Exynos 7872 SoC, New Camera
Surface Book 2 Coming to More Markets
Samsung to Offer Athletes PyeongChang 2018 Olympic Games Limited Edition Smartphone
YouTube Revises Rules to Protect Advertisers From Offensive Content
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Apple M...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, July 25, 2012
Apple Misses Third Quarter Results Target, Blames Bad Economy


Apple results fell short of investors' expectations as a sagging European economy and a pause in iPhone sales ahead of a new version saw revenues slip from the previous quarter.

Apple posted a 23 percent jump in revenue from the same quarter the previous year to $35 billion, but that was about $2 billion below Wall Street's average forecast.

Net income jumped 21 percent from a year earlier to $8.8 billion, or $9.32 a share, about 10 percent below expectations.

From the previous quarter, sales fell 22 percent in Asia-Pacific, outstripping a 3 percent to 6 percent drop in the Americas and Europe.

Apple sold 26.0 million iPhones in the quarter, representing 28 percent unit growth over the year-ago quarter. iPad sales reached the 17.0 million units during the quarter, an 84 percent unit increase over the year-ago quarter. The company sold 4.0 million Macs during the quarter, a two percent unit increase over the year-ago quarter. Finally, Apple sold 6.8 million iPods, a 10 percent unit decline from the year-ago quarter.

"We're thrilled with record sales of 17 million iPads in the June quarter," said Tim Cook, Apple's CEO. "We've also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we've got in the pipeline."

Apple divided the blame for the shortfall between muted consumer purchases in Western Europe and a pullback in demand as consumers wait for a new iPhone model that many expect will be launched in September or October.

Executives acknowledged buyers were refraining from purchases because of "rumors and speculation" around the iPhone 5. They laid part of the blame on sputtering demand from European economies like Germany and France, while dismissing the impact of a Chinese slowdown.

China's economy grew at its slowest pace in three years in the second quarter. But Cook blamed the revenue shortfall in the region on changes in inventory as the company built up stocks of the iPhone 4S in the previous quarter, adding he saw nothing in the Chinese economy as having had an impact on sales.

iPhone sales had surged when Apple began selling its "Siri" voice-search-equipped iPhone 4S and China Telecom signed on as a second carrier, Cook said.


Previous
Next
GLOBALFOUNDRIES Extending Fab 8 to Meet Demand        All News        LG's Weak Mobile Sales Keeps Profit Low
New London-based Facebook Engineering Team to Focus On Platform And Mobile     General Computing News      LG's Weak Mobile Sales Keeps Profit Low

Get RSS feed Easy Print E-Mail this Message

Related News
Apple Accelerates US investment, Plans to Pay $38 billion in Foreign Cash Taxes
China Also Seeks Answers from Apple About slowing iPhones
Apple Reports Record App Store Sales
Apple Makes More Profit per Smartphone Than Samsung
Apple Apologizes for Slowing Older iPhones, Reduces Costs of Battery Replacements
Apple Software Update Slowed Down iPhones With Older Batteries
Apple to Let Developers Expand iOS Apps to Mac Computers: report
Powerful iMac Pro is Available Today, Starting at $5,000
Apple Invests in FaceID Component Maker Finisar
Apple Confirms Acquisition of Shazam
Apple Said To Buy Shazam
These are Apple Store's Most Popular Apps, Music, Movies

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .