WHEN BREAKING RECORDS ISN’T GOOD ENOUGH …
Tech giant Apple released its sales data for the fourth quarter of 2013, including a record-breaking 51 million iPhones sold. That’s up from 47.8 million iPhones sold during the fourth quarter of 2012 – and 37 million from the fourth quarter of 2011.
The only problem? Analysts were expecting the company to move 57 million of the popular devices …
Apple also downgraded its first quarter 2014 earnings estimates – saying sales will be in the neighborhood of $42-44 billion (about $2 billion less than investors were projecting).
What caused Apple to miss its iPhone marks? Weak North American (read United States) sales.
Still, the company saw sales of its Mac computers climb by seventeen percent last quarter … while moving a record 26 million iPads. As a result, Apple’s total sales for the fourth quarter clocked in at $57.6 billion – beating analysts estimate of $57.5 billion.
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3 comments
Bet Obama wishes 51 mil had bought into Obamacare, if you have a product people want…they will buy.
Does apples still have more cash than the U. S. govt.?
Apple Now Has More Cash Than The U.S. Government
JUL. 28, 2011, 8:14 PM
http://www.businessinsider.com/apple-has-more-cash-on-hand-than-the-us-government-2011-7
According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion at the end of the day yesterday.
Apple’s last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June.
In other words, the world’s largest tech company has more cash than the world’s largest sovereign government.
That’s because Apple collects more money than it spends, while the U.S. government does not.
Correction: Does Apple still have more cash than the U. S. govt.?
Or, is this even an apples to apples comparison?