Apple posts record revenue, earnings for Q1 2011
Apple oversubscribed a achievement sort of iPhones, more than 16 meg between Sept and Dec 2010.
(Credit: Apple)
In a pass of amend timing, Apple blew time shrink expectations in programme the prizewinning business action in its story today.
Apple reportable income of $26.74 1000000000 and profits of $6 billion, or $6.43 per share. Revenue was up 71 proportionality from a assemblage ago, and earnings were up 78 percent. Analysts were expecting income of $24.38 1000000000 and earnings per deal of $5.38.
The company’s large margins unfit slightly to 38.5 proportionality compared to 40.9 proportionality a assemblage ago, as Apple had prognosticate during the company’s terminal ..read more
RIM: Earnings show we’re still in the game
Research In Motion today vex Wall Street’s estimates for the ordinal quarter, display that the concern of the BlackBerry is farther from existence a has-been in the smartphone game.
For the lodge success Nov 27, the consort reportable gain acquire of $911.1 million, or $1.74 per share, on income of $5.49 billion. Wall Street had been expecting earnings of $1.64 per deal on income of $5.4 billion. (Click here to wager the evidence and a preview.)
The consort said 82 proportionality of the income came from devices, patch 15 proportionality was attributed to services. The consort shipped most 14.2 meg devices and additional most 5.1 meg gain newborn subscribers in the quarter, attractive the client statement humble to over 55 million. ..read more
Oracle touts strong quarter, Exadata pipeline
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Verizon Wireless subscription growth slows
Verizon Communications saw income artefact in the ordinal lodge of 2010 as it old a fall in wireless subscribers.
For the ordinal lodge of 2010, Verizon today reportable a acquire of $881 million, or 31 cents a share. This was downbound from $1.18 billion, or 41 cents a share, during the aforementioned lodge a assemblage earlier. Excluding destined items, much as integration and restructuring costs, earnings dropped to 56 cents per care from 60 cents and income declined 2.9 proportionality to $26.5 billion. Analysts had due Verizon to inform earnings of 54 cents on $26.3 1000000000 in revenue.
Verizon’s wireless playing struggled to ready up with competition AT&T during the quarter. Verizon additional 997,000 newborn wireless customers in the ordinal quarter, compared with 1.2 meg customers a ..read more
Dell earnings hitch a ride on business spending
As expected, Dell’s ordinal lodge was carried mostly by income to joint customers as obligation was on the uprise worldwide for the company’s project offerings, including servers and networking systems, hardware and services. (Statement)
For the quarter, the consort reportable gain income of $629 million, or 32 cents per share, on income of $15.53 billion, a 22 proportionality process over the year-ago quarter. Wall Street had been expecting earnings per deal of 30 cents on income of $15.2 1000000000 for the company’s playing ordinal quarter.
Large Enterprise saw the large income ontogeny crossways playing segments, up 38 proportionality to $4.5 billion. Small and Medium Business income saw a 25 proportionality increase, to $3.5 billion. Consumer, by contrast, was insipid at $2.9 million.
Read more of Dell earnings: Businesses ..read more