If you ask about sales in the quarter that just ended, you get three very different answers
Apple's (AAPL) third fiscal quarter of 2011 ended Saturday at midnight. How did it go? That depends whom you ask.
In April, Apple CFO Peter Oppenheimer told analysts he expected Apple to earn $5.03 per share on sales of $23 billion. But given how Apple tends to low-ball its forward-looking guidance, nobody really believed him.
The MOREPhilip Elmer-DeWitt - Jun 26, 2011 11:34 AM ET
Leaves meeting with three top execs with "increasing confidence" in a $540 price target
Katheryn ("Katy") Huberty, Morgan Stanley's chief Apple analyst, met recently with three of Steve Jobs' top lieutenants: Peter Oppenheimer, the money man; Ron Johnson, the former Target exec who built the Apple Stores; and Eddy Cue, the senior vice president in charge of Internet services.
Apparently no company secrets were revealed. The Apple execs would not confirm that MOREPhilip Elmer-DeWitt - May 5, 2011 5:48 AM ET
Despite strong sales, iPad supplies and Japan's quake make Q2's report a hard one to call
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 era, the game at the MOREPhilip Elmer-DeWitt - Apr 20, 2011 8:31 AM ET
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Forrester Research projects that mobile app sales will likely reach $38 billion by 2015 and that developers will spend up to $17 billion making them. And in fact, tablet devices alone could also generate $8.1 billion in app sales, too.(Forrester Research)
.08% of all Gmail users lost access MORE
Apple execs talk about their plans to cash in on the popularity of the iPhone and iPad
In a note to clients issued Monday, Bernstein Research's Toni Sacconaghi reports on a meeting with three top Apple (AAPL) executives: COO Tim Cook, CFO Peter Oppenheimer and Eddy Cue, vice president of Internet services.
Steve Jobs did not attend.
According to Erik Savitz, formerly of Barron's, now at Forbes.com, Sacconaghi reports that the execs are MOREPhilip Elmer-DeWitt - Feb 28, 2011 2:19 PM ET
Senior executives and board members made big year-end gifts to charity
Forms filed with the Securities and Exchange Commission Tuesday show two senior Apple (AAPL) executives and two board members taking advantage of the stock's record-high prices to donate nearly 10,000 shares between Dec. 10 and Dec. 17.
The single largest donation was made by board member Millard Drexler, current CEO of J. Crew (JCG) and former chairman of The Gap (GPS). MOREPhilip Elmer-DeWitt - Dec 29, 2010 12:47 PM ET
iPhone sales climb 131% year over year. Shares rocket over 17 points in after-hours trading
Apple (AAPL) blew past even the most optimistic estimates Tuesday, reporting second-quarter earnings of $3.33 per share on $13.50 billion revenue.
Its net quarterly profit was $3.07 billion, up nearly 90% from the same quarter last year.
Wall Street was anticipating earnings of $2.45 per share on revenue of $12.04 billion, according to a survey of MOREPhilip Elmer-DeWitt - Apr 20, 2010 4:52 PM ET
COO Tim Cook clears $68 million before taxes; CFO Peter Oppenheimer, $46 million
Apple's senior staff had a busy -- and profitable -- trading day Thursday.
More than a million restricted shares of Apple (AAPL) stock that seven of them were granted on Dec. 14, 2005 became fully vested Wednesday. The next day, with Apple opening at an all-time record high, four of them sold off all those shares pursuant, as the MOREPhilip Elmer-DeWitt - Mar 26, 2010 7:31 AM ET
Net income grew nearly 50% in Apple's most profitable quarter ever
It seems no matter how high Wall Street's expectations these days, Apple (AAPL) still manages to blow past them.
On Monday it hit the Street with a double whammy: not only did it announce record sales and earnings, but it changed the way it reports its iPhone sales revenue, replacing what used to be its GAAP (generally accepted accounting procedure) earnings MOREPhilip Elmer-DeWitt - Jan 25, 2010 5:06 PM ET
So much for expectations. Apple (AAPL) blew past them all -- its own and those of a crowd of increasingly bullish analysts -- by reporting its most profitable quarter ever, earning $1.82 a share on revenue of $9.87 billion for the fourth fiscal quarter of 2009.
The Street was expecting quarterly earnings of $1.42 on revenue of $9.2 billion, according to Thomson Financial.
Apple's shares exploded in after-hours trading. Having closed at MOREPhilip Elmer-DeWitt - Oct 19, 2009 4:58 PM ET
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