a play off Apples impressive quarter
- Thread starter vinnie
- Start date
SAN FRANCISCO/SEATTLE (Reuters) - Apple Inc (NasdaqGS:AAPL - News) reported a stronger-than-expected 26 percent rise in quarterly profit, spurred by strong sales of its new iPhone, and its shares rose 13 percent on Tuesday.
Apple posted a six-fold increase in iPhone shipments during the September quarter, the first since it released a faster, next-generation model. The company said it sold 6.89 million iPhones during the quarter, outpacing Blackberry-maker Research in Motion Ltd (Toronto:RIM.TO - News).
Chief Executive Steve Jobs called the iPhone's performance "remarkable" and said Apple is now the third-largest mobile phone supplier by revenue behind Nokia (Helsinki:NOK1V.HE - News) and Samsung Electronics (005930.KS).
Oppenheimer analyst Yair Reiner called the iPhone shipments a "pretty stunning number" and said the company's revenues do not fully reflect the strength of iPhone demand
Apple posted a six-fold increase in iPhone shipments during the September quarter, the first since it released a faster, next-generation model. The company said it sold 6.89 million iPhones during the quarter, outpacing Blackberry-maker Research in Motion Ltd (Toronto:RIM.TO - News).
Chief Executive Steve Jobs called the iPhone's performance "remarkable" and said Apple is now the third-largest mobile phone supplier by revenue behind Nokia (Helsinki:NOK1V.HE - News) and Samsung Electronics (005930.KS).
Oppenheimer analyst Yair Reiner called the iPhone shipments a "pretty stunning number" and said the company's revenues do not fully reflect the strength of iPhone demand
- Feb 12, 2000
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(Disclaimer: I currently own AAPL in my portfolio)
No doubt that there is demand for the iPhone right now. What I was mentioning is that there are starting to be grumblings from the early adopters that the iPhone, albeit the coolest piece of hardwarde they've ever owned, has its flaws.
These are mostly Apple fan-boys/girls, too. In their eyes, Apple does no wrong and what they do wrong they seem to ignore.
Not saying that this is a bad stock pick because I don't know what number of iPhones shipped equals X% rise in the share price. But I would think that iPhones strong performance is somewhat baked into the current price.
But I would love to see you make a nice double and prove all of this a waste of typing by me.
Good luck, vinnie!
No doubt that there is demand for the iPhone right now. What I was mentioning is that there are starting to be grumblings from the early adopters that the iPhone, albeit the coolest piece of hardwarde they've ever owned, has its flaws.
These are mostly Apple fan-boys/girls, too. In their eyes, Apple does no wrong and what they do wrong they seem to ignore.
Not saying that this is a bad stock pick because I don't know what number of iPhones shipped equals X% rise in the share price. But I would think that iPhones strong performance is somewhat baked into the current price.
But I would love to see you make a nice double and prove all of this a waste of typing by me.
Good luck, vinnie!
