The shortfall in iPad sales was one of the few categories the Street called correctly
The Wall Street analysts who get paid to cover Apple (AAPL) got some things right.
Several predicted Apple's total revenue for the second fiscal quarter of 2011 within a few hundred million dollars. And their tendency to underestimate Apple's unit sales served them well in the iPad category.
But when it came to the number that matters most MORE
Philip Elmer-DeWitt - Apr 21, 2011 7:18 AM ET
Sales were up 83% and earnings up 92% on 18.65 million iPhones and 3.76 million Macs
Source: Google Finance
As expected, Apple (AAPL) reported record second quarter earnings Wednesday, blowing past its own guidance and Wall Street's expectations in everything but iPad sales.
"With quarterly revenue growth of 83 percent and profit growth of 95 percent, we're firing on all cylinders," said Steve Jobs in a prepared statement that said nothing about MORE
Philip Elmer-DeWitt - Apr 20, 2011 5:01 PM ET
Shipping dates tightened Wednesday from 2-3 weeks to 1-2 weeks
Source: Apple.com
Wouldn't you know that two days after my iPad 2 finally arrived -- nearly a month after it was ordered -- the ship times on Apple's (AAPL) online store tightened to 1-2 weeks, both in the U.S. and abroad.
Within hours of the product's launch, customers who bought their iPad 2s online had to wait 4-5 weeks.
Whether the improvements are MORE
Philip Elmer-DeWitt - Apr 20, 2011 3:33 PM ETA $4 billion valuation for a company that made a $7.7 million profit sounds laughable, but it could be paving the way for a flurry of mind-boggling offerings.
By Kevin Kelleher, contributor
Image via Wikipedia
A few years ago, a cynical editor I knew was fond of challenging reporters to write a credible and printable headline combining the words "sex," "iPhone" and "Obama" - three of the sweetest pieces of linkbait at the time. MORE
Apr 20, 2011 12:29 PM ET
According to one analyst, Apple legal didn't include iPad 2s in its Samsung complaint
Source: This is my next
"By March 2011, Apple sold more than 19 million iPads."
That's the language Apple's (AAPL) legal team used in the complaint filed Monday against Samsung. (See This is my next for the document.)
This caused some confusion among Apple watchers, because as of Dec. 25, 2010, Apple had sold a total of 14,789,000 iPads. MORE
Philip Elmer-DeWitt - Apr 20, 2011 11:57 AM ET
After a long career with Procter & Gamble (PG), Bob Herbold became president of Microsoft (MSFT) during some of its highest-growth years. Now he consults to a variety of companies and is the author of the recent book on leadership, What's Holding You Back: 10 Bold Steps that Define Gutsy Leaders. I sat down with Herbold shortly after Japan's horrifying earthquake and tsunami hit the country. What with Paul Allen's MORE
Adam Lashinsky, Sr. Editor at Large - Apr 20, 2011 11:46 AM ET
Despite strong sales, iPad supplies and Japan's quake make Q2's report a hard one to call
Apple headquarters. Photo: Wikipedia commons
Nobody, not even CFO Peter Oppenheimer, thinks that Apple (AAPL) earned as little as $4.90 per share on revenues of $22 billion last quarter -- the numbers he offered in January when he issued his guidance for the company's second fiscal quarter of 2011.
As usual in the Steve Jobs/Tim Cook MORE
Philip Elmer-DeWitt - Apr 20, 2011 8:31 AM ET
Three sources tell Reuters production for the new model will be starting in July or August
The iPhone 4. Photo: Apple Inc.
Reuters, a wire service that still maintains extensive bureaus in the Far East, cites "three people with direct knowledge of the company's supply chain" who say that Apple's (AAPL) next generation iPhone won't ship until September.
The new phone will be largely the same as the old one, according to MORE
Philip Elmer-DeWitt - Apr 20, 2011 5:54 AM ET
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T-Mobiles Bobsled lets Facebook users call one another.
If you've ever want to call your Facebook friends directly via FB and not uh, you know over your cell phone, now you can. T-Mobile introduced Bobsled, a calling feature integrated into Facebook chat that lets users call one another MORE
JP Mangalindan, Writer-Reporter - Apr 20, 2011 5:00 AM ET
The form factor isn't the only factor.
G-Slate with great browser on 8.9 inch screen
I've been playing with T-Mobile/LG's 8.9 inch Android 3.0 tablet for the better part of a week and I think it is an interesting piece of hardware. This is the first time I've played with Honeycomb, Google's (GOOG) tablet OS, extensively so it took a bit of getting used to.
There are plenty of things wrong with MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.24 | -0.06 | -0.82% |
| Ford Motor Co | 12.28 | -0.46 | -3.60% |
| Frontier Communicati... | 4.24 | -0.23 | -5.26% |
| Juniper Networks Inc... | 21.57 | -0.80 | -3.58% |
| Cisco Systems Inc | 19.58 | -0.25 | -1.26% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,666.89 | -67.74 | -0.53% |
| Nasdaq | 2,813.64 | 8.36 | 0.30% |
| S&P 500 | 1,315.93 | -2.50 | -0.19% |
| Treasuries | 1.92 | -0.01 | -0.73% |
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