Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 23 July 2014 10:25

Apple sun setting

Written by Nick Farrell



Tame Apple Press in full spin over bad results

The sun is beginning to set on the glorious Apple Empire which is clearly losing momentum. The Tame Apple press did its best to put some spin on Jobs’ Mob’s quarterly results, but even Reuters had to admit that the fruity cargo cult Apple is slowing down. Yesterday the company posted a smaller-than-expected 6 percent rise in quarterly revenue.

You might not know this from the headlines, which all talked about huge growth in China which surged 28 percent. But Apple has never traditionally done that well in China so a small sales sector increased 28 per cent. Given the hope that Apple placed on its China Mobile deal that should have seen an increase of several hundreds of a percent. Apple flogged 35.2 million iPhones in the June quarter, a rise of about 13 percent that was in line with analysts' projections. But this also killed off the Tame Apple Press’s defence that Apple’s poor results were due to the fact that Apple has a new phone arriving which everyone is waiting for.

Apparently not. Despite a new phone which the press tells us will sell 80 million, Apple forecast revenue of $37 billion to $40 billion this quarter, weak compared with Wall Street's outlook for $40 billion or more. In other words, Apple does not believe the new phone will make that much difference. Some of the dafter analysts have even suggested that Apple will be turned around by entering the wearable device market with the iWatch. Because that market has failed to interest anyone but the sporty. 

Apple reported sales of $37.4 billion in its fiscal third quarter ended June, falling short of Wall Street's expectations for about $38 billion. Sales of iPads, which like smartphones are tanking, at 13.3 million fell a little short of analysts' projections for more than 14 million.

Nick Farrell

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