iPhone helps Apple ring up profit
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iPhone helps Apple ring up profit
Last Updated: Wednesday, 23 January 2008, 02:24 GMT
Apple saw record profits, up 57%, in the three months to the end of December, lifted by demand for its Mac computers and iPhones.
Sales of its iPhone, released in June last year, reached 2.3 million and lifted its earnings to $1.58bn (£806m), up from $1bn a year ago.
But the firm forecast earnings for the next three months that were less than the market expected.
The news will fan fears over the extent of a US consumer slowdown.
Apple shares shed 3.5% at $155.64 and are expected to fall further when trading opens in New York on Wednesday.
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captainplooky said:
Perhaps this can partly be attributed to the clandestine DRM imposed, lack of 3G, and superfluous costs included by simply dealing with Apple and At&t.
What superfluous costs? $60 gets you unl m2m, 5k n+w, unl internet and 200 txts a month and much more...what else would you want? Unl internet on other devices such as blackberry's and pda's cost even more!
They are definately on pace to hit their targets, cynical comments from you not withstanding.
Perhaps you failed to realize that the article was discussing the first financial quarter and it also appears you don't understand what a fiscal year is in general 🤣
texaswireless said:
4 million sold world wide as of January 15th (~6 months). Only 6 million more needed in a GLOBAL market in 11+ months.
Let me get this straight. You criticize my math, wrongly as I already pointed out, and then go on to claim that ~6 months + 11 months constitutes a fiscal year? How absurd.
As for the global market, it is my understanding the Iphone hasn't had the reception in the UK, Germany, and France that it has had in the US - perhaps due to the lack of 3G c...
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