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Apple Announces Best Quarter Ever

Apple released record Q4 results as profits climbed to $1.58 billion. CEO Steve Jobs said he was “thrilled” to report that the fourth quarter was the company’s “best quarter ever,” with the highest revenue and earnings in Apple’s history.

Profits for the quarter were $1.76 per share, up by more than 50% from the same quarter last year. The company posted revenue of $9.6 billion, with sales outside the United States accounting for 45%.

Sales of Macintosh computers were up 44% from the last quarter of 2006, and Apple reported an increase of 17% on iPod sales. The company also reported sales of 2.32 million iPhones during the quarter. Jobs said that the company has sold more than 4 million iPhones since the device’s launch.

But the company predicted less than dazzling Q1 results, which led to a drop of as much as 10% for the company’s stock. Apple’s CFO Peter Oppenheimer announced conservative expectations for Q1, saying the company anticipates per-share earnings of 94 cents on revenues of $6.8 billion in the first three months of 2008.

Though these conservative estimates do not spell impending doom for the hip tech company, Carl Gressum, senior analyst at Ovum, warns, “A recession could also spell problems…So even though Apple is doing very well, it has been riding the wave of economic boom.  If this comes to a halt, so could Apple.”

January 24, 2008 Posted by | iphone, iPhone Apps, iphone compitition, iphone news, iphone sales, Mobile news | , , | Leave a comment

Apple Sells 1 Million iPhones

Apple announced that it has sold its 1-millionth iPhone. The company had predicted it would sell 1 million handsets by the end of the third quarter, and with weeks to spare, Apple says it has met its goal.

The company has said it hopes to sell 10 million iPhones by the end of 2008.

Meanwhile, according to a report in BusinessWeek, Apple may be looking to bid at the FCC’s upcoming 700 MHz spectrum auction. Rumors mostly have been circulating about Google’s possible entrance into the wireless market via the spectrum auction, but BusinessWeek says that two sources are claiming that CEO Steve Jobs has studied the possibility of bidding in the auction.

The report continues to say that at least one source told the magazine that Apple was thinking that the hassles of running a national network would not outweigh the profits to be gained from no longer having to partner with network operators. The magazine’s other source seemed to think that Apple was still in favor of the benefits of dropping carrier partners.

September 11, 2007 Posted by | Apple news, iphone, iphone news, iphone sales, Mobile news | Leave a comment