By Reuters
(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 »
By Associated Press
Apple Inc.’s stock flirted with $300 Tuesday as investors high on the iPad’s promise pushed shares to a record peak. Analysts see few reasons to believe shares will stop there. Get the full story »
Sep. 28, 2010 at 11:05 a.m.
Filed under:
Personnel moves,
Technology
By Reuters
Apple's chief operating officer Tim Cook, left, talks with CEO Steve Jobs, center, and Vice President Phil Schiller, right, at a meeting in Apple's Cupertino, Calif. headquarters in 2008. (AP Photo/Paul Sakuma)
Shares of Apple dropped more than 2 percent in early trading on Tuesday, as rumors swirled that the company’s No. 2 executive was departing.
It was not immediately clear what caused Apple’s shares to fall, but unconfirmed speculation on the Internet said Tim Cook would leave Apple to join Hewlett-Packard Co, which is searching for a new CEO to replace Mark Hurd.
Representatives from Apple and Hewlett-Packard declined to comment, and analysts quickly dismissed the rumor. HP is holding its analyst meeting later Tuesday. Get the full story »
By Reuters
Shares of Apple Inc slid more than 4 percent Tuesday after a poor review for its iPhone 4 from an influential consumer guide underpinned mounting complaints about the hot-selling device’s reception.
Consumer Reports said Monday that it could not recommend the iPhone 4 — which sold 1.7 million units worldwide in its first three days — after its tests confirmed concerns about signal loss when the device is held in a certain way. Get the full story »
