Must Read Rumors

Prince Harry and Meghan Markle are “total homebodies” at Kensington Palace

Prince Harry is always on the road for his royal engagements. His girlfriend Meghan Markle is also busy as an actress. But in between they manage to make time to see each other.

Kate Middleton and Prince William will take George and Charlotte on royal tour of Poland and Germany

Prince George and Princess Charlotte will accompany the Duke and Duchess of Cambridge on their upcoming European tour.

Duchess Kate debuts new haircut at Wimbledon

Prince William’s wife appeared at Wimbledon with a new elegant and refined haircut that didn’t go unnoticed.

Kate Middleton to attend opening of Wimbledon tennis championships

An avid tennis fan for many years, the Duchess of Cambridge, née Kate Middleton, will be present on the first day of the Wimbledon Championships this year.

Kate Middleton reveals mom Carole Middleton’s crush on Roger Federer

The Duchess of Cambridge, née Kate Middleton, was invited to participate in a documentary about tennis and she made some revelations about her parents during the interview.

Prince Harry and Meghan Markle are “total homebodies” at Kensington Palace
Kate Middleton and Prince William will take George and Charlotte on royal tour of Poland and Germany
Duchess Kate debuts new haircut at Wimbledon
Kate Middleton to attend opening of Wimbledon tennis championships
Kate Middleton reveals mom Carole Middleton’s crush on Roger Federer

Apple Inc has a Q4 record profit

by Dan
October 19, 2010 at 2:59 pm

Gadgets market is as passionate and dynamic as the auto market, causing panic and surprises almost every day of the year.

Among the royal heads of gadgets kingdom is certainly Apple, who surpassed quarterly earnings expectations again with the help of strong sales of its iPhone.

Apple’s net profit increased by 70% in Q4, to 4.31 billion dollars from 2.53 billion dollars in the same period, last year. Revenue climbed 67% to 20.3 billion dollars. Both indicators significantly exceeded analysts’ estimates.

On the entire fiscal year October 2009 – September 2010, the company’s net profit also rose by 70%, from 8.2 billion dollars to 14 billion dollars, while sales increased by 52%, from 42.9 billion dollars to 65.2 billion dollars.

iPad sales, however, and margins disappointed and Apple shares sank with 6%.

Jane Snorek, analyst at First American Funds said for Reuters that “iPads were low, but I also think they had a lot of production problems getting that off the ground. So I don’t think that really is a good demand indicator for iPad.”

“IPad demand is red hot and they can sell as much as they can make.”

Ashok Kumar, analyst at Rodman & Renshaw said “The fact that they were able to get 4 million iPads out in what is a very difficult supply situation is a testament to the supply chain of Apple. Looking out to the December quarter they should be able to take that out to 6 million units.”

Indeed, if Apple manages to resolve their production capacity, they could raise the profit once more.

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