Apple profits jump 54% on record sales of 4.9M Macs, 11.2M iPads

Apple said Tuesday that fourth quarter profits rose nearly 54% to $6.62 billion, or $7.05 per diluted share, driven by record sales of more than 11 million iPads and nearly 5 million Macs.

AppleInsider Staff 14 years ago 128

Apple on verge of announcing new iPhone, iPad and Mac sales records

Apple on Tuesday is likely to announce a blowout quarter in which it set a new sales records across three of its four major product lines without the aid of a lucrative holiday shopping season, newly released sales data implies.

Kasper Jade 14 years ago 12

Wall Street: Spirit & vision of Steve Jobs will live on at Apple

Steve Jobs changed the world with his ideas, and those same principles make up the backbone of Apple, which is why Wall Street watchers believe the company will continue to innovate and succeed even after the passing of its iconic co-founder.

Sam Oliver 14 years ago 24

Goldman Sachs bullish on Apple, raises iPad, Mac, iPhone estimates

Investment bank Goldman Sachs sees Apple outperforming the firm's previous expectations in spite of recent market troubles and has raised its shipping estimates for the iPad, Mac and iPhone.

Josh Ong 14 years ago 11

Middle-class Americans to spend $481 a year on Apple products by 2015

The average middle-class American will spend roughly $481 each year on Apple products by 2015, up from $321 this year, while emerging middle-class consumers in developing markets will drive substantial growth for the company in coming years, according to a new analysis.

Mikey Campbell 14 years ago 37

Apple closes at new all-time high as world's largest company

Shares of Apple rose nearly 3 percent Monday to close at a new all-time high of $411.63, padding the electronic giant’s lead over Exxon Mobile as the world’s most valuable company.

Mikey Campbell 14 years ago 106

Morgan Stanley recommends Apple use cash for share buybacks, dividends

Investment bank Morgan Stanley took the position on Monday that Apple is "more likely than ever" to return some of its $76 billion in cash to shareholders and recommended either share buybacks or dividends as the most favorable options.

Josh Ong 14 years ago 126

Apple forecast to sell 143M iPhones, 68M iPads in 2013

Investment firm Piper Jaffray on Wednesday released their calendar year 2013 estimates for Apple, forecasting $164 billion in revenue with earnings per share of $40.50 on sales of well over 200 million iOS devices.

Neil Hughes 14 years ago 31

Post-Steve Jobs Apple likened to departures of Walt Disney, Henry Ford

The resignation of Steve Jobs as Apple CEO is a significant event for the company, but similar to the departures of visionaries in years past like Henry Ford and Walt Disney, Apple is expected to go on without Jobs.

Neil Hughes 14 years ago 43

Microsoft rewrites 10K filing to depict Apple as significant competitor

Microsoft revamped this year's 10K filing with the Securities Exchange Commission to remove mention of Linux, Mozilla and Opera as significant competitors and amplify the role of Apple as a competitor in both software and online services.

Daniel Eran Dilger 14 years ago 36

Apple ends day as most valuable public company on Earth

After temporarily passing oil giant Exxon Mobil in market capitalization yesterday, Apple has jumped into the lead again and remained there as the market closed today.

Daniel Eran Dilger 14 years ago 40

Apple seen doubling or even tripling market share of iPhone & Mac

Apple's growth has been called the "ultimate platform adoption story" in a new analysis, which sees the potential for Mac and iPhone market shares to double or even triple in the next few years.

Neil Hughes 14 years ago 47

Apple briefly passes Exxon as world's largest company by market cap

During a volatile day of trading on Tuesday, Apple briefly passed oil giant Exxon Mobil to become the most valuable company in the world, in terms of market capitalization.

Neil Hughes 14 years ago 30

'Stagnant' 2011 PC ecosystem viewed as opportunity for Apple to make gains

Both Apple's Mac and iPad lineup are poised to make significant gains in the second half of 2011, as the Windows-based PC market remains "relatively stagnant" and is predicted to see 4 percent growth, according to a new analysis.

Neil Hughes 14 years ago 55

Needham sees Apple stock hitting $540 on sales of 54M iPads in 2012

Investment firm Needham & Company on Friday upped its price target for Apple stock to $540, with projected sales of 54 million iPads and 108 million iPhones in 2012.

AppleInsider Staff 14 years ago 41

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