In rare miss, Apple 4Q earnings disappoint

eTaiwan News - 21 Oct, 2011
AP Apple, the juggernaut of consumer electronics, stumbled in its latest quarter, as the later-than-usual launch of the new iPhone held back sales. On Tuesday, Apple reported earnings and revenue that came in below analyst expectations, ...

Apple and the age-old 'cash question'

MarketWatch - Therese Poletti - 21 Oct, 2011
SAN FRANCISCO (MarketWatch) " Once investors calm down after Apple Inc.'s earnings disappointment, the bullish ones will point again to its ever-growing cash pile, which climbed even higher in the last quarter. ...

Apple 'Disappoints'? Blame Wall Street

Wall Street Journal - Jack Hough - 21 Oct, 2011
The earnings shortfall is mostly owed to starry-eyed forecasting, but buyers should wait, writes Jack Hough. By JACK HOUGH Normally, a 54% profit jump would be impressive even for a promising start-up in a booming economy. On Tuesday, America's largest ...

Apple loses round in Wall Street's expectations game

Times of India - 21 Oct, 2011
AP | Oct 20, 2011, 06.45PM IST Apple did just about everything right in its latest quarter. The company increased its profit by more than 50 per cent and boosted revenue by nearly 40 per cent over the same quarter last year. ...

Ahead of the Bell: Apple shares fall

BusinessWeek - 21 Oct, 2011
Shares of Apple Inc. took a hit in premarket trading Wednesday after the company reported earnings and revenue below Wall Street's expectations for the fiscal fourth quarter, hurt by lower sales of its latest iPhone, which was launched later than usual ...

Wall Street takes Apple earnings miss in stride

Moneycontrol.com - 21 Oct, 2011
Morgan Stanley, the second-largest US investment bank by market capitalisation, returned to profit on Monday, posting USD 2.2bn in earnings for the quarter ended September. A "debt valuation adjustment" - an accounting measure used by many US banks ...

Apple's China sales show why US trade warriors are wrong

South China Morning Post (subscription) - Tom Holland - ‎Oct 19, 2011‎
China is now the second-largest market in the world for California-based technology company Apple. In China, iPhones and iPads are selling faster than hot cakes. According to chief executive Tim Cook, Apple's sales in the country have jumped fourfold ...

Apple loses round in Wall Street's expectations game

Economic Times - ‎Oct 19, 2011‎
Apple did just about everything right in its latest quarter. The company increased its profit by more than 50 percent and boosted revenue by nearly 40 percent over the same quarter last year. It was the second best three-month period ever posted by the ...

Apple quarterly sales misses expectations

Times of Oman - ‎Oct 19, 2011‎
NEW YORK: Apple fell in German trading after profit missed analysts' predictions for the first time in at least six years, evidence that customers delayed iPhone purchases before the release of the latest model. Profit was $6.62 billion, ...

Apple's Profits Climbs 54% But Company's Shares Drop by 5%

eTaiwan News - ‎Oct 19, 2011‎
Though Apple has strong sales of the iPhone and iPad in its fiscal fourth quarter which rose to 54% earnings, The company's shares fell 5% in recent after-hours trading to $401.34, as results missed analysts' expectations. It's been well known to all ...

A bite of Apple has seldom looked so tasty

Globe and Mail - ‎Oct 19, 2011‎
The investors who are selling Apple Inc. AAPL-Q shares following the company's first quarterly earnings miss in more than six years may want to think again. The shares lost 5.6 per cent on Wednesday, a day after the announcement. ...

Now, China second-largest market for Apple

Economic Times - ‎Oct 19, 2011‎
BEIJING: Apple Inc. said China has become its largest market after the US as the iPhone, iPad and iMac computer maker opened an online store last year and six retail outlets in the past three years in the Asian nation. China, the world's most populous ...

Scott Eells/Bloomberg

Wall Street Journal (blog) - Geoffrey A. Fowler - ‎Oct 19, 2011‎
Earnings rose 54% on strong sales of the iPhone and iPad. The company sold 17.1 million iPhones, a 21% increase from the same period last year. Mac Sales saw a 26% increase. The company also reported earnings of $6.62 billion. Revenue increased 39% to ...

Apple loses round in Wall St.'s expectations game

The Seattle Times - Michael Liedtke - ‎Oct 19, 2011‎
AP Technology Writer Apple did just about everything right in its latest quarter. The company increased its profit by more than 50 percent and boosted revenue by nearly 40 percent over the same quarter last year. ...

Apple learns investors can be tougher to please than the millions buying its ...

Washington Post - ‎Oct 19, 2011‎
SAN FRANCISCO " Call it the curse of great expectations. Apple did just about everything right in its latest quarter. The company increased its profit by more than 50 percent and boosted revenue by nearly 40 percent over the same quarter last year. ...

Daily Wrap: October 19, 2011

Forbes - ‎Oct 19, 2011‎
It was a down day for stocks as investors continue to digest corporate earnings reports. The Nasdaq was especially weak after Apple disappointed investors with it's earnings last night. It was a down day for stocks as investors continue to digest ...

Apple Shares See Biggest One-Day Dollar Loss Ever

Wall Street Journal - Matt Jarzemsky - ‎Oct 19, 2011‎
NEW YORK (Dow Jones)--Apple Inc. (AAPL) shares registered their biggest single-day dollar drop ever Wednesday, the day after the consumer electronics maker reported disappointing earnings and iPhone sales in its ...

Apple shares fall on iPhone sales miss

MarketWatch - Dan Gallagher, Steve Gelsi - ‎Oct 19, 2011‎
SAN FRANCISCO (MarketWatch) " Shares of Apple Inc. fell on Wednesday after lower-than-expected iPhone sales led to the company missing Wall Street's profit forecasts for its fourth fiscal quarter. ...

Apple shares slide in fourth quarter

gulfnews.com - Derek Baldwin - ‎Oct 19, 2011‎
Dubai: Apple's failure to meet earnings estimates in the fourth quarter hurt shares in early trading yesterday. Shares slid by more than five per cent to dip below $400 (Dh1,468) after the world's most highly valued ...

Apple looks to Middle East and China

gulfnews.com - Derek Baldwin - ‎Oct 19, 2011‎
A customer checks out the iPhone 4S at an Apple Store in San Francisco. Apple believes sales of the iPad 2 and the iPhone 4S are only going to grow as points of sale continue to expand around the world into emerging ...

Apple delivers the unexpected

CNNMoney - Ivan Hoff - ‎Oct 19, 2011‎
NEW YORK (CNNMoney) -- If there were a quote that best describes the nature of the earnings season so far, it would be, "The obvious rarely happens. The unexpected constantly occurs." Apple is a prime example. ...

Humble Pie On Wall Street's Menu After Apple's Earnings Sour

Wall Street Journal - Ian Thomson - ‎Oct 19, 2011‎
Apple Inc.'s (AAPL) rare disappointing earnings results have caused some on Wall Street to eat a slice of humble pie. The consumer electronics giant's fiscal fourth-quarter earnings missed analysts' expectations ...

For the first time in more than 3 years, the pros out-analyzed the upstarts

Fortune (blog) - Philip Elmer-DeWitt - ‎Oct 19, 2011‎
Let's leave aside for now the question of whether Apple's (AAPL) failure to meet analysts' expectations last quarter (see here) was the company's fault or the analysts'. This is the exercise in which we divide those analysts into two groups -- the pros ...

Apple stock slips after 'rare miss' on earnings

CNET (blog) - Lance Whitney - ‎Oct 19, 2011‎
At daybreak on October 14, shoppers gather at the Apple Store in Emeryville, Calif., to be among the first to buy the iPhone 4S. Apple's fourth quarter disappointed Wall Street, ...

Apple's Quarterly Report Disappoints Wall Street

Slate Magazine - Greg Howard - ‎Oct 19, 2011‎
(The new Apple iPhone is displayed at an Apple store on October 14, 2011 in San Francisco.) For the first time in years, Apple's quarterly results failed to live up to Wall Street's ...

Apple shares pare losses after rare earnings miss

Globe and Mail - simon avery - ‎Oct 19, 2011‎
Shares of Apple Inc. AAPL-Q stabilized on Wednesday, following a drop of more than 5 per cent in after-hours trading on Tuesday evening when the company reported a rare miss in quarterly results. The shares briefly dipped below $399 (US) during the ...

Apple shares slide after rare earnings miss

Reuters India - Fareha Khan, Liana B. Baker - ‎Oct 19, 2011‎
The Apple Inc. logo is seen in the lobby of New York City's flagship Apple store January 18, 2011. REUTERS - Apple Inc shares fell more than 5 percent on Wednesday, the first trading session after a rare quarterly earnings miss, but analysts said the ...

Apple shares slide after rare earnings miss

Reuters Canada - Fareha Khan, Liana B. Baker - ‎Oct 19, 2011‎
(Reuters) - Apple Inc (AAPL.O: Quote) shares fell more than 5 percent on Wednesday, the first trading session after a rare quarterly earnings miss, but analysts said the drop presented a buying opportunity for investors. On Tuesday, Apple stunned Wall ...

Apple shares slide after rare earnings miss

Reuters India - Fareha Khan, Liana B. Baker - ‎Oct 19, 2011‎
Customers purchase the new Apple iPhone 4S at an Apple Store in Clarendon, Virginia, October 14, 2011. REUTERS - Apple Inc shares fell more than 5 percent on Wednesday, the first trading session after a rare quarterly earnings miss, but analysts said ...

Apple Q4 results are just a blip: Analysts

Times of India - ‎Oct 19, 2011‎
SAN FRANCISCO: Apple Inc stunned Wall Street by reporting fourth-quarter results that missed expectations for the first time in years, but at least two brokerages downplayed the results. Sanford C. Bernstein viewed the results as a "blip", ...

 

Subscribe to RSS