Must Read Rumors

Kate Middleton and Prince William co-host BBC Radio 1 chart show

The royal spouses gave an interview to the BBC Radio 1 station, in which they revealed how their daily lives go by behind the doors of the Kensington Palace.

Kate Middleton, Prince William and Prince Harry share candid conversation about their struggles in new video

A short video shows the three royals opening up about their personal histories regarding mental health.

Kate Middleton proud of “brilliant” Prince Harry after opening up about Princess Diana’s death

Prince Harry’s confession about suffering after his mother’s death moved not only his audience, but his sister-in-law as well.

Kate Middleton admits motherhood can be “lonely”

Duchess Kate recently talked about the challenges faced by mothers.

Meghan Markle shuts down lifestyle blog The Tig

Prince Harry’s girlfriend announced on Friday that she finally pulled the plug on her lifestyle blog The Tig.

Kate Middleton and Prince William co-host BBC Radio 1 chart show
Kate Middleton, Prince William and Prince Harry share candid conversation about their struggles in new video
Kate Middleton proud of “brilliant” Prince Harry after opening up about Princess Diana’s death
Kate Middleton admits motherhood can be “lonely”
Meghan Markle shuts down lifestyle blog The Tig

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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