Apple Inc. said on Wednesday it expects its gross margin to fall in coming quarters, echoing earlier comments, as it sells a larger mix of products such as the iPad. Get the full story »
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Oct. 18, 2010 at 4:51 p.m.
Filed under: Consumer electronics, Earnings, Economy, Stock activity, Technology Apple trumps forecasts again, but iPad disappoints
(Reuters/Robert Galbraith)
Apple Inc. easily surpassed profit and revenue forecasts again but supply bottlenecks curbed iPad sales to below Wall Street’s bullish targets, sending its shares more than 6 percent lower.
Weaker-than-projected gross margins and iPad shipments disappointed investors who had expected more from a company that had smashed Wall Street’s targets in each of the past eight quarters.
Some analysts said sales of the iPad, which began only in April, should ramp up in the current quarter as the company resolves hitches in the supply chain. Get the full story »
Apple earnings blow past Wall Street forecasts
Apple Inc. reported record revenue for the quarter that ended June 26, noting strong sales of its Mac computer line and iPhones, and selling nearly 3.3 million iPads during the first period where the tablet computer was available. Get the full story »
