3 Apple Stories... A Golden Delicious, A Rotten Apple, and a Granny Smith
As we mentioned in our last blog post, Apple reported earnings last night. Apple beat analyst estimates and upped their gross margins, on strong sales of their Macs (2.6 million sold) and iPhones (5.2 million sold). Their stock is up roughly 4% right now.
From their press release:
“We’re making our most innovative products ever and our customers are responding,” said Steve Jobs, Apple’s CEO. “We’re thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year.”
“We’re extremely pleased to report record non-holiday quarter revenue and earnings and quarterly cash flow from operations of $2.3 billion,” said Peter Oppenheimer, Apple’s CFO.
I'll leave a comment with our Fool.com coverage when it's up, but here's their earnings press release: http://www.apple.com/pr/library/2009/07/21results.html
In other news about Apple...
- Sadly, a Chinese worker committed suicide after losing a fourth-generation iPhone prototype. He was supposed to send 16 prototypes to Apple from Foxconn, a Taiwanese company that makes iPhones and iPods. Find out the latest on the tragic story here: http://digital.venturebeat.com/2009/07/21/iphone-prototype-goes-missing-chinese-worker-investigated-commits-suicide/
- On Fool.com, we've covered Microsoft's new retail stores. Now we catch word that Microsoft has hired real estate expert George Blankenship to assist them with their new stores. The former Apple VP of real estate will surely consult Microsoft on location of the stores, but the rest of the details are fuzzy. In February, Microsoft picked off a former Wal-Mart executive to help create the line of retail stores, so this move isn't surprising. Hey, if you can't beat them, might as well hire a former employee of another company and have them follow the wheel. Apple Insider has the details here: http://www.appleinsider.com/articles/09/07/20/key_apple_retail_exec_now_shaping_microsoft_stores.html
Fool.com coverage of Microsoft's new retail stores: http://www.fool.com/investing/value/2009/07/16/microsoft-heads-to-the-mall.aspx
- Katrina, who owns shares of Apple but never bought an iPhone.
Thoughts or comments? Let's hear them below!