News tagged ‘profit’
Since the first shipment of the pre-orders for the iPad mini has already sold, tablets hit records wholesale and retail sales. About 850,000 units will be sold in first week of sales. In a report, obtained by AppleInsider, KGI analyst Ming-Chi Kuo said that in the first week of sales Apple may ship about 850,000 iPad mini, based on a check of the supply chain and logistical considerations, such as transportation.
About 100 million iPads were sold in the first two and a half years. Apple is going to sell another 100 million, but already in 12-month period, thanks to the launch of the iPad mini. Michael Walkley of Canaccord Genuity predicted that Apple will sell 101.6 million iPads in 2013. Judging by this, Apple will own 58.4 percent of the total tablet market. The prediction became known after Apple revealed that iPad sales had exceeded 100 million.
Yesterday, during the earnings call, Apple reported record fourth quarter profits that rose nearly 25% to $8.2 billion. The quarterly revenue amounted $36.0 billion for the three-month period ending ended September 29, 2012. Gross margin was 40.0 percent compared to 40.3 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.
With the iPad mini’s pricing starting at $329, some people were disappointed that Apple was unable or unwilling to release the tablet at approximately $249. With rival 7-inch tablets selling at about $199, some observers believe that Apple left too big pricing gap for potential tablet buyers.
Another finding discovered in the course of Apple’s ongoing lawsuit with Samsung has revealed that the carrier-subsidized iPhone has margins north of 50 percent, nearly twice as high as the iPad. For iPhones sold between April of 2010 and March of 2012, Apple's gross margins were between 49 and 58 percent, and for iPads - between 23 and 32 percent.
Yesterday Apple announced financial results for the second calendar quarter and third fiscal quarter of 2012. Apple posted revenue of $35.0 billion and net quarterly profit of $8.8 billion. The numbers are dramatically weaker than what analysts were expecting. The company did beat its own guidance, however. Last quarter, Apple said it would make $34 billion in revenue.
The next-generation iPhone 5 is not released yet, but the demand is already high. The handset is expected to be one of the line’s biggest updates since it was introduced, 5 years ago.
According to a new report some Chinese resellers are taking advantage of the hype, by taking pre-orders for the phone.
“Apple Inc’s (AAPL.O) next-generation iPhone has not even been released yet, but opportunistic sellers on China’s largest e-commerce platform, Taobao, are already accepting pre-orders, complete with mock-up pictures and purported technical specifications.”
Apple has placed 55th on Fortune's Global 500 Top Companies, an annual list of the world's biggest corporations. Apple moved up the list from 111th place last year. Samsung placed 20th. Top 3 are Royal Dutch Shell, Exxon Mobil and Walmart.
Here is the full list:
Yesterday Apple’s iPhone celebrated its 5th anniversary. Since its launch in 2007, the smartphone generated the company $150 billion of cumulative revenues worldwide. Recognizing the milestone, Strategy Analytics offered its latest statistics, noting that Apple has shipped 250 million iPhones in the first five years since launch.
The Electric Power Research Institute (EPRI), an independent non-profit organization focusing on electricity research and development, carried out the study of the Apple's new iPad, having found that devices like it could help lower the high power consumption. The institute discovered that charging a device once every other day from full discharge costs mere pennies per day, a dramatic reduction from large electronics like HDTVs and PCs.
The Wall Street analyst suggests that Apple could generate the highest annual net income of any publicly traded company in history this year.
As of Monday morning, Apple's market cap was at about $545 billion. Some Wall Street analyst have noted a rather interesting trend amongthe largest companies. Companies that exceed $500 billion in market capitalization have trouble growing much beyond that point. The analysts are concerned that a similar scenario could happen with Apple.
Fortune has recently published its annual ratings of the 500 largest corporations in America and placed Apple on the 17th place. That means that the company managed to leap 18 spots from the last year 35th place.
According to Fortune, the iPhone maker's performance in the "Computers, Office Equipment" industry was topped only by Hewlett-Packard, which finished 10th overall. HP's revenue totaled over $127 billion compared to Apple's $108 billion, however the percent of change from 2010 was a stark contrast between the two companies which grew 1 percent and 66 percent, respectively. Apple's profit skyrocketed to nearly $26 billion representing an 85 percent change from 2010, while HP saw negative growth of 19 percent with a little over $7 billion in profits.