Apple shares tumble in after-hours on disappointing outlook

Shares of Apple Inc. were further battered and bruised on Tuesday evening, shedding over 11 percent of their value after the company guided considerably below Wall Street's expectations for its fiscal second quarter of the year.

Katie Marsal 18 years ago 74

Notes of interest from Apple's Q108 quarterly conference call

Apple on Tuesday announced its most profitable quarter in company history, and held a financial conference call with analysts and members of the media. Several notes of interest from the finished call follow:

Katie Marsal 18 years ago 69

Apple profits rise 58 percent as Mac sales top 2.3 million

Apple said Tuesday that first-quarter profits rose 58 percent to $1.58 billion, or $1.76 per diluted share, on sales of $9.6 billion for the three-month period ended December 29, 2007.

AppleInsider Staff 18 years ago 44

Wall Street analysts weigh in on Apple's Macworld announcements

Wall Street's usual suspects have started to weigh in on Apple's Macworld announcements, with most speaking favorably of what company chief executive Steve Jobs laid out on Tuesday. However, at least one analyst was skeptical about the potential for the new MacBook Air.

Slash Lane 18 years ago 39

Mac sales up over 40 percent year-over-year

Apple later this month is expected to announce fiscal first quarter revenues of nearly $10 billion for the three-month period ending December, fueled largely by the ongoing resurgence of the company's personal computer business, according to one Wall Street analyst.

Slash Lane 18 years ago 19

Best Buy to double number of stores selling Apple's Mac line

Leading U.S. electronics specialty retailer Best Buy said this week it plans to increase the number of stores carrying Apple Inc.'s Mac computer line twofold in the next several weeks, signaling robust demand for the Windows PC alternatives in the broader consumer market.

Katie Marsal 18 years ago 29

Report: Apple stores' Mac sales beat PC stores by 10-to-1

An average Apple retail outlet easily outperforms its generic counterpart in terms of revenue and sales — but the expense of supporting all those customers may be pulling Apple down, says a new investment note from Bernstein Research.

Katie Marsal 18 years ago 32

Goldman ups Apple target, urges investors to remain long

Investment Bank Goldman Sachs this week raised its price target on shares of Apple Inc., recommending that investors hang onto shares of the company at least through its upcoming Macworld Expo and fiscal first quarter earnings announcement.

AppleInsider Staff 18 years ago 15

Needham opens coverage of Apple with "buy" rating

Needham & Co has reinitiated its investment coverage of Apple, noting that the Mac maker has moved past the "old" iPod to prosper with the iPhone and the Mac.

Katie Marsal 18 years ago 31

Apple set to ship Macs with Blu-ray support - report

Apple Inc. at this month's Macworld Expo will will outline a high-definition video strategy that will see its weight thrown further behind Sony Corp's Blu-ray DVD format as opposed to Toshiba's HD-DVD, according to one Wall Street analyst.

Slash Lane 18 years ago 153

Apple shares touch $200; new iPhone panels in spring?

Shares in Apple Inc. temporarily broke the $200 barrier as investor enthusiasm took hold. Meanwhile, Apple may receive new iPhone touchscreen panels just in time for a potential model upgrade next year.

Katie Marsal 18 years ago 11

Piper sees iTunes rentals, new breed of Apple touch games in 08

For Apple, 2007 may in some ways represent the very beginning of a new standard in innovation, with 2008 likely giving way to a slew of new Mac models in addition to fresh initiatives like an iTunes movie rental service and a new class of touch-based games, according to investment bank Piper Jaffray.

Katie Marsal 18 years ago 34

Analyst: iPhone simply isn't meant for enterprise

Although many executives are snapping up iPhones and expecting corporate support, there are many reasons the Apple device shouldn't be used in large-scale business, says a new report from Forrester Research.

Katie Marsal 18 years ago 102

Second-gen iPhone in final phase; Apple TV update planned - report

After meeting with key component suppliers and manufacturers in Asia, researchers for investment bank Goldman Sachs said this week they believe Apple will introduce two revisions to the iPhone in 2008 — one minor, one major — in addition to an Apple TV overhaul during the second half of the year.

Katie Marsal 18 years ago 119

Booming Apple sales strain supply, will beat estimates - report

A combination of Mac OS X Leopard, refreshed Macs, and iPods have formed a perfect storm that hint Apple will exceed its already optimistic targets, according to investment bank Bear Stearns.

Katie Marsal 18 years ago 29

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