Source Pravda.Ru

Apple's Profit Margin and Sales Beat Analysts' Expectations

Apple Inc has entered into a long-term supply agreement with Toshiba Corp for NAND-type flash chips in a sign that the chip market could be on the road to recovery.

Apple made a $500 million prepayment to the loss-making Japanese chipmaker at the beginning of July, a transcript of Apple's conference call with analysts on its consensus-beating results on Tuesday showed.

Apple's profit margin and sales of its iPhones and Macs in the April-June quarter beat analysts' expectations, and the firm is looking to lock in component supplies and prices, Reuters reports.

Apple posted a 12 percent gain in sales and a 15 percent increase in third-quarter profit, even as other technology companies cope with waning demand from consumers and businesses. Yahoo! Inc. , owner of the second most-visited group of Web sites in the U.S., reported sales yesterday that failed to top analysts’ estimates. The company’s forecast also signaled that demand for online advertising isn’t recovering , Bloomberg reports.

The technology bellwether not only beat analysts' consensus sales and profit estimates for its fiscal third quarter ended June 27, but it reported its second-best results ever on July 21 for a quarter that didn't include the winter holiday season. Revenues were up 12% from a year ago and profits jumped 15% as consumers snapped up iPhones and Macintosh computers, BusinessWeek reports.

Comments
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Norwegians complain of demoralised NATO soldiers
Mikhail Gorbachev shares his thoughts on nuclear war
2018: A critical lack of common sense in world governance
2018: A critical lack of common sense in world governance
Russia unveils nuclear-powered interstellar spaceship
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
The difference between Polish and Ukrainian nationalism is plain to see
The difference between Polish and Ukrainian nationalism is plain to see
Capital outflow from Russia sets new records
World War II still continues today for the purpose of Anglo-Saxon global domination
Five-year-old boy does 4,105 pushups in 2 hours 25 minutes
On the report of Human Rights Watch against the DPRK
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Russia unveils nuclear-powered interstellar spaceship
Paris Peace Forum: A First Step but watch the Lobbies
Paris Peace Forum: A First Step but watch the Lobbies
Russia unveils nuclear-powered interstellar spaceship
Russia unveils nuclear-powered interstellar spaceship