Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Apple
    • Apple

    Apple Files Mixed Earnings Report, Sees Huge Holiday Season

    By
    Chris Preimesberger
    -
    October 25, 2012
    Share
    Facebook
    Twitter
    Linkedin

      Apple’s slam-bang launch of its iPad Mini tablet and some new Mac computers two days ago was tempered somewhat Oct. 25 by the company’s quarterly earnings report, which came in under Wall Street projections, along with an outlook that fell shy of its own estimates.

      Apple, the world’s most valuable company by market capital, earned $8.2 billion in profits — $8.67 per diluted share — during its Q4 2012 fiscal quarter that ended Sept. 29. Revenue was $36 billion.

      However, the net income came up short of analysts’ expectations, and as a result, Apple (AAPL) shares slipped about 1 percent in after-hours trading. The stock opened at $620 Oct. 25, closed at $616, slipped under $600 for a short time in after-hours trading, and was selling for $609 at 6 p.m. Eastern time.

      For its fiscal first quarter, which will end Dec. 31, Apple implied that it expects a healthy holiday gift season; it projected earnings of $11.75 a share on a whopping $52 billion in revenue — 12 percent more than the same quarter a year ago. However, those numbers don’t jive at all with Wall Street’s charts; analysts currently are expecting earnings of $15.43 per share and $55 billion in revenue.

      A $52 billion quarter would be the highest quarterly sales ever reported by a tech company. However, Apple has a history of filing conservative guidance reports and then easily out-performing them. Thus, the analysts’ projections probably aren’t that unreasonable at $55 billion.

      Apple has a phalanx of new products that will find themselves given as gifts during the holidays: the 2-month-old iPhone 5; a fourth-generation, full-size iPad; the all-new iPad Mini; a new 13-inch-screen MacBook Pro; two new iMac desktop PCs; a refreshed line of iPods; and a new iBook cloud service. No wonder Apple — along with Wall Street — is expecting a record income quarter.

      iPhone sales for the quarter — generally a mix of iPhone 4S and iPhone 5 units — came in just under 27 million, a 58 percent improvement over Q4 2011. The iPad tablet came in at 14 million, lower than what some analysts were expecting. In Q3 2012, Apple sold a record 17 million iPads after the third-generation device debuted in the United States in March.

      iMac PC sales were steady at 4.9 million sold. The iPod, cannibalized by the iPhone — which also serves as a music player — is falling away, dropping 19 percent in yearly sales to 5.3 million sold.

      Chris Preimesberger
      https://www.eweek.com/author/cpreimesberger/
      Chris J. Preimesberger is Editor Emeritus of eWEEK. In his 16 years and more than 5,000 articles at eWEEK, he distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world (https://richtopia.com/inspirational-people/top-250-business-journalists/) by Richtopia, a UK research firm that used analytics to compile the ranking. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile (https://www.eweek.com/cloud/marc-benioff-trend-seer-and-business-socialist/) of Salesforce founder/CEO Marc Benioff--the only time he has entered the competition. Previously, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.

      MOST POPULAR ARTICLES

      Cybersecurity

      Visa’s Michael Jabbara on Cybersecurity and Digital...

      James Maguire - May 17, 2022 0
      I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
      Read more
      Cloud

      Yotascale CEO Asim Razzaq on Controlling Multicloud...

      James Maguire - May 5, 2022 0
      Asim Razzaq, CEO of Yotascale, provides guidance on understanding—and containing—the complex cost structure of multicloud computing. Among the topics we covered:  As you survey the...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Big Data and Analytics

      GoodData CEO Roman Stanek on Business Intelligence...

      James Maguire - May 4, 2022 0
      I spoke with Roman Stanek, CEO of GoodData, about business intelligence, data as a service, and the frustration that many executives have with data...
      Read more
      Applications

      Cisco’s Thimaya Subaiya on Customer Experience in...

      James Maguire - May 10, 2022 0
      I spoke with Thimaya Subaiya, SVP and GM of Global Customer Experience at Cisco, about the factors that create good customer experience – and...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×