Must Read Rumors

Prince Harry calls Duchess Kate the ‘big sister he never had’

The royal recently made a sweet revelation about his sister-in-law.

Duchess Kate’s next engagement scheduled at Victoria and Albert Museum

Prince William’s wife is set to visit the Victoria and Albert Museum in London next week.

Duchess Kate isn’t pregnant with baby no.3, despite report

A new rumor has surfaced, claiming that the royal couple is expecting their third child.

Meghan Markle avoids Prince Harry questions at ATX panel

Meghan Markle was faced with the question that everyone is curious about.

Kate Middleton and Prince William to embark on royal tour of Poland and Germany

The Duke and Duchess of Cambridge, née Kate Middleton, have announced an official visit to the two countries in July.

Prince Harry calls Duchess Kate the ‘big sister he never had’
Duchess Kate’s next engagement scheduled at Victoria and Albert Museum
Duchess Kate isn’t pregnant with baby no.3, despite report
Meghan Markle avoids Prince Harry questions at ATX panel
Kate Middleton and Prince William to embark on royal tour of Poland and Germany

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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