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U.S. Stock-Index Futures Fluctuate Before Fed as Apple Advances
2013-10-29 12:29:59| Furniture - Topix.net
U.S. stock-index futures fluctuated after the Standard & Poor's 500 Index climbed to a record as Federal Reserve policy makers began a two-day meeting.
Tags: apple
fed
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futures
Apple profits down despite record iPhone sales
2013-10-29 08:29:00| Telecompaper Headlines
(Telecompaper) Apple reported revenues stronger than expected for its fiscal fourth quarter to September, led by record sales of the iPhone. Revenues rose to USD 37.5 billion from USD 36 billion a year earlier, just better than Apple's outlook of USD 34-37 billion. The gross margin was also at the top of its outlook, at 37 percent versus 40 percent a year earlier. Net profit fell to USD 7.5 billion or USD 8.26 per diluted share, from USD 8.2 billion or USD 8.67 per share in the year-ago quarter. The company sold 33.8 million iPhones, a record for the September quarter, compared to 26.9 million in the year-ago quarter. iPad sales rose slightly, to 14.1 million units from 14.0 million, and Mac sales fell to 4.6 million from 4.9 million in the year-ago quarter. After operating cash flow of USD 9.9 billion in the quarter, Apple declared a dividend of USD 3.05 per share. Sales in the December quarter are expected to get a boost from the new iPhones and iPads released by the company, reaching USD 55-58 billion. The gross margin is estimated at 36.5-37.5 percent.
Tags: sales
record
apple
profits
Apple 'Never' Envisioned iPhone 5c as Low-Cost Option
2013-10-29 01:34:40| PC Magazine Cell Phones Product Guide
Apple never intended its new iPhone 5c to be its "low cost" smartphone, preferring to instead bestow that honor on its iPhone 4s, Apple chief Tim Cook said today.
Tags: option
apple
iphone
envisioned
Apple shows its mettle ahead of holiday season
2013-10-29 01:00:00| Total Telecom industry news
Smartphone maker's profit falls again, but it expects gross margin to stabilise in coming quarter.
Tags: shows
holiday
season
apple
Apple phone sales up but profit down
2013-10-28 23:20:28| BBC News | Business | UK Edition
Apple profits decline for a third consecutive quarter to $7.5bn (4.6bn), although iPhone sales were stronger than expected, rising by 26%.
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