July 20, 2011 |
Apple Inc.'s 125% jump in quarterly profit stunned Wall Street, but it may be just a prelude to even bigger gains ahead. Apple managed to post a record $7.3 billion in fiscal third-quarter earnings despite not having released a blockbuster product in nearly six months. Now as the company prepares to roll out a slate of new products — including a new iPhone, Macintosh computers and a new mobile operating system — analysts say Apple could post larger profit in the second half of the year.
October 19, 2010 |
Propelled by huge demand for the latest iPhone model, Apple Inc. on Monday posted tremendous increases in earnings and sales as it overtook BlackBerry's maker in the rankings of smart-phone manufacturers. The tech juggernaut once again trounced analysts' expectations for earnings as well as sales, but its stock slumped in after-hours trading because of an unexpected drop in a key measure of profitability. Still, "the one data point that really jumps out is the stunning iPhone number," said Yair Reiner, an analyst at Oppenheimer & Co. Apple sold 14.1 million iPhones in the fiscal fourth quarter, which ended Sept.
August 25, 2011 |
For years, Apple Inc.'s Steve Jobs has groomed a senior management team to take the reins of the world's most powerful technology company when his fading health would no longer allow him to continue as chief executive. Tim Cook, who assumed that mantle Wednesday when Jobs resigned the post, inherits a firm that has achieved record sales and profits and a string of blockbuster consumer products. Apple is the globe's second-largest company in terms of market value and has amassed a war chest of $76 billion in cash.
October 25, 2006 |
Ingram Micro Inc., a Santa-Ana-based distributor of computers, software and electronics, said Tuesday that third-quarter profit rose 21%, beating analysts' estimates. Net income rose to $58.5 million, or 34 cents a share, from $48.4 million, or 29 cents, a year earlier, the company said. Sales increased 7.9% to $7.51 billion. Chief Executive Gregory Spierkel has curbed costs by shifting technical support and application development to less-expensive regions while entering new markets.
February 3, 2012 |
Kazuo Hirai had little to celebrate after just being crowned the next chief executive of Sony Corp. Pummeled by a weak global economy, natural disasters and a strong yen that made its products more expensive overseas, Sony said it was on track to lose $2.86 billion in its current fiscal year, one of the Japanese technology and entertainment giant's worst annual results. The projected annual loss was more than double what Sony anticipated just three months ago when it forecast a $1.2-billion loss for its fiscal year ending March 31. Although the lion's share of the additional red ink - about $1.5 billion - would come from one-time charges from the sale of its stake in an LCD panel facility, foreign exchange fluctuations and other write-offs, about $181 million would be attributed to weakness in Sony's performance, analysts said.
October 28, 2011 |
In the latest sign that smartphones are replacing simpler cellphones, Swedish device maker Ericsson is getting out of the business it helped to foster a decade ago. Japanese electronics giant Sony Corp. will pay Ericsson about $1.5 billion for its half of the Sony Ericsson Mobile Communications joint venture, which makes a variety of mobile devices including some Google-powered Android smartphones. Ericsson, a pioneering company that helped popularize simpler cellphones in the 1990s, will step out of the mobile market to concentrate on other elements of its networking business.