Wednesday, January 23, 2008

Apple Earnings Up, but Stock Falls on Outlook - New York Times

Maybe they should change it back to "Apple Computer"; iPod sales were essentially flat in North America, for the most recent quarter, while Mac revenue grew 47% year-to-year.

The iPhone remained a bright spot for the company. Apple sold 2.3 million in the quarter, according to Mr. Oppenheimer, and is on track to sell 10 million in 2008, as projected.

Apple shipped 2.3 million Macintosh computers, and revenue from Macs grew 47 percent from the year-ago quarter.

Mr. Sacconaghi said sales of Mac computers could start showing lower year-over-year growth. IPod sales could suffer, he said, because the company has been slow to update its cheaper iPod models, and holiday sales of MP3 players at the retailer Best Buy were down.

Apple Earnings Up, but Stock Falls on Outlook - New York Times

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