Business News Holding

Tag: q1

  • Apple Reports Record Holiday Quarter Revenue

    Apple announced financial results for its fiscal 2011 first quarter ended December 25, 2010. Record Mac, iPhone, iPad sales have driven highest revenue and earnings ever: the company posted record revenue of $26.74 billion and record net quarterly profit of $6 billion ($6.43 per diluted share).

    These results compare to revenue of $15.68 billion and net quarterly profit of $3.38 billion ($3.67 per diluted share) in the year-ago quarter. Gross margin was 38.5 percent compared to 40.9 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.

    During the quarter Apple sold:

    • 4.13 million Macs  (23% unit increase over the year-ago quarter);
    • 16.24 million iPhones (86% unit growth);
    • 19.45 million iPods (7% unit decline);
    • 7.33 million iPads.

    “We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,” said Steve Jobs, Apple’s CEO.

    “We are firing on all cylinders and we’ve got some exciting things in the pipeline for this year including iPhone 4 on Verizon which customers can’t wait to get their hands on,” he added.

    Peter Oppenheimer, Apple’s CFO, said: “We couldn’t be happier with the performance of our business, generating $9.8 billion in cash flow from operations during the December quarter. Looking ahead to the second fiscal quarter of 2011, we expect revenue of about $22 billion and we expect diluted earnings per share of about $4.90.”

  • Vyke: VoIP market "Doing Well"


    VoIP provider Vyke expects to see a strong performance over the rest of 2009 as demand for the technology remains strong despite the global recession.

    While the company has announced a wider full-year 2008, which it said is due to acquisitions, it remains confident that the VoIP market is doing well.

    Vyke chairman Tommy Jensen said they expects to deliver results in line with original expectations over the course of 2009.

    He said that despite the difficult global economic situation and the work involved in the internal migration of operations from US to UK, the first five months of 2009 had progressed well.

    "We are optimistic about the organic and acquisitive growth opportunities currently available in the market," he said.

    VoIP has become an increasingly mainstream tool for businesses and individuals alike as access to high-speed broadband services becomes more widespread.

    Vyke highlights – Preliminary results for the year ended 31 December 2008:

    • Gross billing on all operations increased by 46% to GBP £39.0 million from £26.8 million in the previous year
    • Gross billing on continuing operations increased by 65% to GBP £30.0 million from £18.2 million in the previous year
    • Loss before interest, taxation, depreciation and amortisation (EBITDA) on continuing operations: GBP £3.3 million (2007: loss £2.6m)
    • Loss for the year on continuing operations: GBP £4.4 million (2007: £3.0 million)
    • Loss for the year including discontinued operations: GBP £6.6 million (2007: £3.6 million)
    • Callserve Communications Limited and Iios Limited acquired in first quarter 2008
    • Disposal of loss making legacy businesses in second half of the year

  • Strong Q1 Expected from Nokia's 5800 Smartphone


    Nokia’s Q1 sales are expected to be down when accounced tomorrow – despite the success of its 5800 XpressMusic smartphone launched last year.

    Analysts estimate 2.5 million 5800s may have been sold in the first three months of the year – helped by repeated sell-outs in the UK and roll-outs into new markets.

    Key to the Nokia smartphone’s success is its cost – often undercutting the iPhone while offering comprehensive features.

    Despite the device’s strong sales, however, the Finnish mobile giant is expected to report a drop in overall shipments of 20 per cent, with revenues around USD $12.6 billion.

    The company had sales of USD $16.4 billion in the fourth quarter of 2008.

    While Nokia remains the leading global mobile maker, its position has been under fire recently – not least in the smartphone category where the iPhone and BlackBerry have nibbled at its market share.

    However, there may be positive news for Nokia. Some analysts expect the company to announce that it has reduced inventory levels from the fourth quarter of 2008, raising the prospect of an upswing in the second quarter.

    Recent measures have seen Nokia streamline its operations, cutting 1,700 jobs worldwide and temporarily suspending outsourcing for handset manufacturing.

    Nokia is also expected to provide more details tomorrow on reports that its joint venture with Siemens is bidding for parts of Nortel Networks’ CDMA carrier networks business.