Tech News Roundup: Apple's Earnings Soar On Huge iPad Sales And Stock Leaps 4% Despite Jobs' Medical Leave

Tuesday, January 18, 2011 20:31
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Tech News Roundup: Apple's Earnings Soar On Huge iPad Sales And Stock Leaps 4% Despite Jobs' Medical Leave

 

A day after Apple's shares plunged on news that its visionary CEO Steve Jobs was taking another medical leave, the company's earnings annnoucement sent the stock soaring as it reported spectacular sales. A roundup of the coverage.  

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Apple's bright view outshines Jobs' plight is a summary from Reuters of yesterday's news on Apple.

In SEC Filing, Apple Stresses Jobs Will “Remain Involved In Major Strategic Decisions” During Medical Leave, from TechCrunch, points out that Jobs will remain involved in major strategic decisions during this leave of absence.  
 
Apple’s Insane Q1 ’11: $26.7 Billion Revenue, $6 Billion Profit; 7.33 Million iPads, 16.24 Million iPhones, from TechCrunch, offers some amazing numbers putting the quarterly pefromance in pespective. "coming off its best quarter ever in terms of revenue ($20.34 billion in Q4), Apple was projecting $23 billion in revenue for the quarter. The Street, meanwhile, recognizing that Apple always lowballs these numbers, thought revenue would be more like $24.38 billion. The actual number? $26.74 billion "
 
Read Write Web, in Apple Reports Record $26.74 Billion in Revenue Over 3 Months, says "Apple sold 4.13 million Macs during the quarter, a 23 percent unit increase over the year-ago quarter. The Company sold 16.24 million iPhones in the quarter, representing 86 percent unit growth over the year-ago quarter. Apple sold 19.45 million iPods during the quarter, representing a seven percent unit decline from the year-ago quarter. The Company also sold 7.33 million iPads during the quarter." That's more Macs, iPhones and iPads sold than in any other quarter."

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