Quarterly financial results: Apple reports record profits

by at Wednesday, October 22, 2008 in Apple
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World economic woes? No problem! With over $1 billion profits, Apple shrugs off the world’s economic worries and posts one of its best quarters ever. According to Apple, soaring sales of iPhones and Macs played a key role in this success.

“We have succeeded to sale more phones than RIM and it is, indeed, one of the best quarters in Apple’s history.” A happy Steve Jobs crowed announced.

The company reported $1.14 billion 3Q profit on almost $8 billion sales, which shows an income of $1.26 per diluted share of stock.

Mac computers came forward as a big seller with 21% more units’ sale than the same period during last year. Similarly, iPod saw 8% increase in sale compared to the same period of last year.

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Palm Looses to BlackBerry’s RIM

by at Tuesday, December 25, 2007 in Electronics,Technology
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Smartphone market feels upheavals with ‘Palm’ that is losing ground. “Research In Motion’s” profit has scored two times profit on the other side. The company published its quarterly earnings this week. This turned market scenario paints a clear picture of what mobile users are demanding and what doesn’t work for them as much anymore.

RIM

Palm’ reported a quarterly loss of $9.63 million this second quarter, compared with a $12.8 million profit a year earlier. The company’s revenue went down by 11%, and Palm’s stock fluctuated heavily.

The company hopes that the ‘Palm Centro’ and the introduction of more ‘Windows Mobile-based Smartphones’ will be its ticket to recover the revenue jolts.

“We are pleased with the early success of the ‘Palm Centro’ and intend to deliver more Windows Mobile and Palm-based products throughout the next year”, said Ed Colligan, Palm’s president and CEO.

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