The number crunchers in Cupertino are notorious for conservative estimates when it comes to forecasting revenue for the next quarter, but Apple has managed to exceed Wall Street’s expectations yet again with $39.2 billion in revenue for their fiscal second quarter.
You’d think after releasing the third-generation iPad, executives at Apple might get some rest over the weekend, but instead they issued a rare Sunday press release to announce a conference call to discuss its cash balance, which now amounts to nearly $100 billion.
We’re all familiar with the expression “what goes up, must come down” -- but apparently that means nothing to the folks at Apple Inc., who continue to soar ever-higher with their quarterly financial results. Tuesday was no exception, with first quarter revenue of $46.33 billion and net profit of $13.06 billion. Is there any end in sight for this runaway money-making freight train?
There may not have been a new iPhone this past summer, but Apple continued to ride high in its fiscal fourth quarter anyway, reporting record sales of the Mac and iPad product lines as well as the company’s highest September quarter revenue and earnings ever -- but go figure, the analysts are looking at the glass as half empty anyway.
Apple's iPad has undoubtedly remained the darling of the tablet market, a device with such continued high demand, that shipping times still stand at 1-2 weeks at the online Apple Store. Due to this success, it has left Apple executives believing that the tablet market will soon surpass PCs.