Featured Articles

Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
TSMC 16nm FinFET Plus in risk production

TSMC 16nm FinFET Plus in risk production

TSMC’s next generation 16nm process has reached an important milestone – 16nm FinFET Plus (16FF+) is now in risk production.

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 24 April 2013 08:00

Apple beats Wall Street expectations

Written by Fudzilla staff

37.7m iPhones, 19.5m iPads shipped in Q1

Although many analysts were expecting Apple to post lackluster results, Tim Cook’s outfit managed to beat market expectations, although it did report its first profit decline since 2003.

Apple managed to ship a total of 37.4 million iPhones and 19.5 million iPads last quarter. The figures were well above expectations, as some analysts were expecting iPhone shipments south of the 30 million mark. Apple reported first-quarter profit of $9.5 billion, down from $11.6 billion last year. Revenue was $43.6 billion, up from $39.2 billion a year ago. Mac sales were under 4 million units, down from 4.1 million.

Apple is still hoarding cash like a squirrel and it is currently sitting on a cash hoard of $145 billion. Although revenue is up, margins are down. It seems that quite a few consumers are opting for older iPhones and the iPad mini rather than the pricier iPhone 5 and iPad 4.

Cook used the opportunity to point out that Apple won’t have any major product launches anytime soon, but he said a slew of new products is coming this fall.

Fudzilla staff

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments