It's too early to know what the news from Apple's fourth-quarter earnings call means for the company's ongoing success, but the folks over at Cupertino have plenty of cause for celebration. Follow three consecutive quarters of slipping sales, Apple's sales growth is now on the rebound. The actual profits from year-over-year sales may still be down, but that may change if the good news coming from Apple maintains its trajectory.
Apple released its fiscal earnings for its second quarter today, announcing revenues that exceeded projections while also announcing its first profit decline since 2003. The revenue numbers were solid, with Apple reporting revenue of $43.6 billion and a quarterly net profit of $9.5 billion, or $10.09 per diluted share. That’s well ahead of the estimates of analysts polled by Thomson Reuters prior to the meeting, who had predicted profits of $9.98 a share.
Now that the iPad is available and has been summarily torn down (and even blended!), iSuppli has gone over the component costs and come up with an estimate as to how much the device costs Apple to build.
Uh-oh, it looks like the teed-off pranksters behind this Friday’s “Operation Chokehold” may really have something to get mad about now: Word is out that AT&T has actually spent less on network construction every quarter since the iPhone’s debut.