Wall Street: Apple earnings 'nothing short of a blowout' after record quarter [u]

Wall Street analysts were stunned by Apple's record quarterly earnings on Tuesday, noting that there seems to be no end in sight for the company's "upside parade."

Josh Ong 14 years ago 20

Notes of interest from Apple's Q3 2011 conference call

Apple on Tuesday reported a record-breaking quarter with $28.57 billion in revenue, propelled by a massive 20.34 million iPhones and 9.25 million iPads sold in the quarter. Following the news, Apple executives participated in a conference call with analysts and the press, and notes of interest follow.

AppleInsider Staff 14 years ago 59

Apple profits surge 125% on record sales of 20.34M iPhones, 9.25M iPads

Apple said Tuesday that third-quarter profits rose nearly 125% percent to $7.31 billion, or $7.79 per diluted share, on record quarterly sales of $28.57 billion for the three-month period ended June 25, 2011.

AppleInsider Staff 14 years ago 91

Apple expected to post strong $24B+ quarter in face of 'heightened expectations'

Even though Apple faces some lofty expectations from Wall Street heading into next week's quarterly earnings report, one analyst is "confident" in the company's ability to surprise on the upside.

AppleInsider Staff 14 years ago 10

Impact of Nokia settlement expected to be seen in Apple's earnings report

Both Nokia and Apple have remained mum on the financial terms of their patent lawsuit settlement, but a glimpse at the deal Apple was able to broker is expected to be seen in next week's quarterly earnings report.

Neil Hughes 14 years ago 15

Overseas growth driving Mac sales as US consumers hold out for new models

Apple is expected to report more than 22 percent growth in Mac shipments when it announces its quarterly earnings next week, driven by growth overseas, which will compensate for dampened sales in the U.S. in June.

Josh Ong 14 years ago 19

Apple predicted to report record 8.5M iPad sales next week

With Apple's next quarterly earnings report just a week away, the company is expected by one analyst to have sold a record 8.5 million iPads, along with 17.53 million iPhones.

Neil Hughes 14 years ago 23

iPad 2 sales rebound expected to show Apple stock still has 'gas in the tank'

J.P. Morgan analyst Mark Moskowitz told investors Tuesday that shares of Apple stock remain a strong buy with "plenty of gas in the tank" for upward movement, in spite of recent volatility.

Josh Ong 14 years ago 15

Entrance into HDTV market seen boosting Apple's market cap by $100B

Categorizing Apple's rumored entrance into the high-definition television market as an "eventual" next step, a new analysis concludes that such a move could increase the company's market capitalization by $100 billion, or $100 per share in incremental value.

Neil Hughes 14 years ago 94

Apple profits to benefit as memory, display pricing improves

Pricing for memory, NAND flash memory and displays in Apple's overseas component supply chain is said to be improving, positioning to place the company in a favorable and more profitable position in the coming months.

Neil Hughes 14 years ago 11

Needham sees Apple shipping 30M iPads, 17M Macs in 2011

Needham & Company increased its revenue and earnings per share estimates for Apple on Tuesday, with new figures that reflect higher estimated shipments of 30 million iPads and 17 million Macs in 2011.

Katie Marsal 14 years ago 19

Timing of Nokia agreement suggests a 'favorable outcome' for Apple

Though Apple will pay Nokia a one-time sum and ongoing royalties as a result of their new settlement, one analyst believes the timing of the agreement suggests Apple was able to negotiate a favorable outcome.

Neil Hughes 14 years ago 41

Overseas suppliers indicate Apple sales up 87% in May

Tracking of Apple's component purchases from the overseas supply chain shows the company with an 87 percent year-over-year increase in the month of May.

Katie Marsal 14 years ago 13

Wall Street expects iCloud to drive sales of Apple's iOS devices

The newly announced iCloud service is expected to further drive sales of iOS devices as users become even more tied in to Apple's increasingly proprietary ecosystem, analysts on Wall Street believe.

Neil Hughes 15 years ago 67

SEC internal probe investigates Apple's role in $1 million purchasing scandal

The U.S. Securities Exchange Commission has implicated itself in a report detailing a series of internal purchasing violations of Apple products that cost the SEC as much as $1 million.

Josh Ong 15 years ago 43

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