Gadget News


 

Gadgets . Gaming . Search . Archives . Links . Syndicate content . About . Contact

 


April 15, 2005

Apple Shares drop


Apple

Apple Computer Inc. shares fell 9% Thursday, as concerns over revenue expectations over powered second-quarter sales of more than 5 million iPods and a six-fold increase in quarterly profit. The maker of iPods and Macintosh computers reported Revenue forecast for the current quarter was largely in line with Wall Street expectations rather than exceeding them. Apple fell $3.78 to close at $37.26 after reporting late Wednesday a profit of $290 million, or 34 cents a share, on revenue of $3.24 billion for its second quarter, which ended March 26.

Analysts on average had expected a profit of 24 cents a share, within a range of 21 cents to 30 cents, on revenue of $3.19 billion, according to Reuters Estimates.

As expected, the iPod is Apple's cash cow. Apple said it sold 5.3 million iPods during the quarter, up from 807,000 a year ago. The iPod, including the new, low-priced iPod shuffle, accounted for $1.01 billion, or 31%, of Apple's total revenue for the quarter.

Analysts believe the attraction of the iPod is converting into consumer interest in other Apple products -- a trend analysts call the "halo effect." Apple reported Mac sales of 1.07 million units, up from 749,000 a year ago.







 

terms & conditions | privacy policy | contact | Powered By Moveable Type | Technorati Profile 

| Powered By Moveable Type |

 

 

                  
                   
                   

 

PLOYER does not claim credit for any images featured on this site, unless otherwise noted. Usually we try to give credit when and where we can. All visual content, copy and images, is copyright to it’s respectful owners. We are neither responsible, nor have we control, on content of any external website links. Information featured on PLOYER can contain errors or inaccuracies. If you own rights to any of the featured images and articles and do not wish to appear here, please don’t hesitate to contact us for direct removal.