Apple reported a 92 cent/share profit for its fiscal third quarter, easily beating the Street’s forecast of 72. AAPL also surpassed sales expectations of $5.285 billion to hit $5.41 billion. The company earned 54 cents/share and $4.37 billion in revenue in last year’s Q3, so this would be better. Jobs, et. al., shilled 9.815 million iPods (a 21% increase) and 1.764 million computers (a 33% percent increase), but a mere 146,000 iPhones, a number that meant basically nothing for earnings but scared investors into knocking shares of Apple down 6%.
In other AAPL news, Steve Jobs, was profiled this morning in a WSJ article about Mock Turtleneck’s “decades-long campaign against buttons.” This is not a joke. A caption for an accompanying video reads: “A look at Steve Jobs's history of antibutton ideology.”
Apple Profit Easily Beats Estimates On Mac, iPod Sales [CNBC]
Hide the Button: Steve Jobs Has His Finger on It [WSJ]
Apple Profit May Rise; Analysts See IPhone Slowdown [Bloomberg]
Finally, Apple's iPhone Lowdown [thestreet.com]
Apple Calls Trade Heavily Ahead of Report [WSJ]
Posted by Man, Jul 25, 2007 5:47PM
AT&T reported 146k iPhone activations; that's not the same as Apple selling 146k iPhones. They sold 270k (including those sold through AT&T). Also, your second paragraph is incredibly confusing. Closing at $137.3 before being halted when? Opened at $130 and back up to $136 when?
If you mean, they closed at $137.26 today and are up to $145 in after hours as of now, you'd be correct.
Attention to detail!