Earnings Preview: Apple Inc. (NASDAQ: AAPL): Fourth Quarter 2010
Monday, October 04, 2021 10:08 AM

Related Stories



Apple Inc. (NASDAQ: AAPL) is scheduled to release fiscal fourth-quarter earnings after the closing bell on Tuesday, October 19, 2010. Analysts, on average, expect the company to report earnings of $3.98 per share on revenue of $18.56 billion. In the year-ago period, the company posted earnings of $2.77 per share on revenue of $9.87 billion.

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions.

In the preceding second-quarter, the Cupertino, California-based company's net income was $3.25 billion, or $3.51 per share, compared to $1.83 billion, or $2.01 per share, in the prior-year quarter. Revenue jumped 61% to $15.7 billion from $9.734 billion in the same quarter last year. Analysts, on average, expected the company to report earnings of $3.11 per share on revenue of $14.75 billion.  The company sold 3.47 million Macintosh computers during the third quarter, up 33% from the year-ago quarter. Sales of the company's iPod music players slipped 8% to 9.41 million units in the third quarter, while IPhone sales surged 61% to 8.4 million units.

For the fiscal fourth-quarter, the company expects to report earnings of $3.44 per share on revenue of $18 billion. The company is famously conservative when it comes to guidance.

Apple continues to make innovative devices which appeal to consumers in a big way. The company is expected to post strong profit and revenues in the latest quarter, benefiting from the sales of its tablet computer iPad as well as the latest version of its wildly popular smartphone, iPhone 4. The iPhone 4, which went on sale in the US and UK in June, was launched in 17 more countries on July 30.  The company made its iPhone 4 handset available for sale in China starting September 25.

Late in July, Apple updated its all-in-one iMac line with the latest Intel Core i3, Core i5 and Core i7 processors and powerful new graphics. In addition, Apple introduced a new Mac Pro line with up to 12 processing cores. The company also unveiled a new 27-inch LED Cinema Display with 2560 x 1440 resolution and 60% more screen real estate than the 24-inch LED Cinema Display.

At its annual music event, Apple introduced a revised iPod line, a compact cloud-based Apple TV set-top box, next version of its iTunes software and service and a brand-new music-oriented social network called Ping.

Early in September, Apple Inc. announced that it has relaxed all restrictions on the development tools used to create iOS apps, as long as the resulting apps do not download any code.

In terms of stock performance, Apple shares have gained nearly 38% since the beginning of the year.

Disclosure: Author doesn't own any of the stocks discussed here.

 

Sponsors

Symbol :

Advertisement

Market news:

  • China sports brand tries to break into US market Jan 23, 2022 06:09 AM

    • BEIJING - Chinese athletic shoemaker Li-Ning knew it couldn't "out-Nike" Nike, especially in the sporting giant's own backyard.
    • Li-Ning is among the first Chinese consumer product brands trying to build a following in the U.S., seeking to grab a slice of its saturated but highly coveted market.
    • "It's a process of finding out - while staying true to our heritage, our brand - what side of our DNA is going to resonate with the American consumer," said Jay Li, general manager for Li-Ning International.
      • Egypt: Militant group in Gaza behind church attack Jan 23, 2022 06:04 AM

        • CAIRO - An al-Qaida-linked group in Gaza was behind the New Year's Day suicide bombing that killed 21 Christians and wounded about a hundred outside a church in the Mediterranean port city of Alexandria, the country's interior minister announced Sunday.
        • Habib al-Adly said the shadowy, Gaza-based Army of Islam in Gaza was behind the attack, which sparked three days of Christian rioting in Cairo and several other cities.
        • The Army of islam is thought to have participated in the kidnappings of Israeli soldier Gilad Schalit in 2006 and BBC journalist Alan Johnston, who was later released.
          • Federer equals Connors' mark at Australian Open Jan 23, 2022 06:02 AM

            • MELBOURNE, Australia - Defending champion Roger Federer matched a Grand Slam record which magnifies his extraordinary consistency over eight years, while Francesca Schiavone established a record for endurance in a women's singles match.
            • Federer equaled Jimmy Connors' mark for consecutive Grand Slam quarterfinals appearances when he beat Tommy Robredo 6-3, 3-6, 6-3, 6-2 on Sunday.
            • The 16-time Grand Slam winner has now reached the quarterfinals at 27 majors in a row since 2004.
              • Tea partiers say defense in mix for budget cuts Jan 23, 2022 05:13 AM

                • WASHINGTON - Tea party supporters clamoring for the government to slash spending say nothing should be off limits.
                • Tea party-backed lawmakers echo that argument, and they're not exempting the military's multibillion-dollar budget.
                • That's creating hard choices for the new Republicans in Congress who owe their elections to the influential grass-roots movement.
                  • SKorea releases video of raid on hijacked ship Jan 23, 2022 05:10 AM

                    • SEOUL, South Korea - South Korea released a video Sunday of a dramatic raid by commandos on a hijacked ship in the Arabian Sea that rescued all 21 crew members and killed eight Somali pirates.
                    • The 4 1/2-minute video provided by the military shows parts of the pre-dawn raid Friday, which came a week after pirates seized the cargo ship and its crew of eight South Koreans, two Indonesians and 11 Myanmar citizens.
                    • The video shows South Korean commandos in a small boat readying to climb onto the freighter amid gunshots.

                      More news


Advertisement

    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
XXXXXXXXXX AKAM$0.28
XXXXXXXXXX LVS$0.38
ASAS BAC$0.16
danPersonal BAC$0.16
samXXXXX JCI$0.54
brobbrinc INTC$0.53
brobbrinc RIMM$1.64
XXXXXXXXXX CWEI$1.27
XXXXXXXXXX RDWR$0.22
XXXXXXXXXX NR$0.09