Apple smashes expectations as shares set record

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Apple Inc’s profits and sales streaked past Wall Street’s forecasts as iPhone and Mac sales hit quarterly records, sending its shares rocketing to all-time highs on Monday. Sales of Apple’s Mac computers jumped 17 percent from a year earlier to 3.05 million in the September quarter, above analysts’ average forecast of roughly 2.8 million. Apple sold 7.4 million iPhones, up from 6.9 million a year ago, and just shy of expectations of 7.5 million units. Some analysts had thought the company was ha

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Apple: Not All Smooth Sailing Ahead

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Saj Karsan submits: Once again, Apple ( AAPL ) impressed investors with results that handily beat analyst expectations. The company continued to move iPods en masse, and sold a record number of Mac computers and iPhones, staunchly defying the drag on consumer spending that has been the bane of this economy. There can be little doubt that Apple is a well-run, exceedingly competent company. That much can be determined with a quick look at the company’s financial statements, where equity returns

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Apple staying two steps ahead of the competition

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Even with a slew of competitors coming to market any day now, Apple ( NASDAQ:APPL ) has a reason for feeling cocky. The maker of the iconic iPhone today reported its best quarterly sales ever for its phones and line of Mac computers. Apple posted a 47% increase in profit in the fourth quarter and sold more than 7.4 million iPhones across 80 countries. (more…)

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Apple Reported a 46% Increase In Its Earnings

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Apple Inc. on Monday reported a 46% increase in its fiscal fourth-quarter earnings as the company posted higher revenue than a year ago led by better-than-expected sales of iPhones, Mac computers and iPods. Apple said it earned $1.67 billion, or $1.82 a share, on revenue of $9.87 billion. During the same period a year ago, Apple [...]

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Reuters:Windows 7 release may test Apple’s winning streak

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SAN FRANCISCO, Oct 15 — Apple Inc’s Mac computers have steadily gained market share over the years, a winning streak that may be tested by next week’s launch of Microsoft Corp’s new Windows 7 operating system.Few expect the new software to dent Apple’s standing in the market in the long run, given the company’s premium position and the fact that its dedicated user base largely ignores events in the Windows universe.However, some analysts warn that Windows 7 — which is garnering strong early revi

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