iPhone digger

San Francisco - the second-quarter profit exceeds expectations of Apple Inc. actors Wall Street stock market since the iPhone and Mac sales high. This makes Apple's shares rose 3 percent, Tuesday (21 / 7) local time.

The company managed to conquer the global economic recession and reported net profit of U.S. $ 1.23 billion or U.S. $ 1.35 per share, for the second quarter of fiscal year that ends June 27. In the same period the previous year profit Apple is only U.S. $ 1.07 billion or U.S. $ 1.19 per share.

Earnings per share forecast a landslide hit the average market players on Wall Street which was only U.S. $ 1.18 per share and beat the most bullish predictions in the level of U.S. $ 1.30 to U.S. $ 1.35 per share.


"The numbers are very good. Profit dirty continued surprised many party and will place the return momentum Mac business growth," said Andy Hargreaves, an analyst with Pacific Crest Securities told Reuters. "Sales of the iPhone works very well and is a powerful combination."

Apple said Mac sales reached 2.6 million pieces, or four percent higher than the previous year. While sales of 5.2 million iPhones in the second quarter, when the company launched the third generation mobile phone, the iPhone 3GS, and cuts its price to U.S. $ 99 per fruit.

The company says nearly 20 percent of companies included in the list of Fortune 500 bought at least 10 thousand iPhone, and is currently not sufficient to meet the production demand 3GS iPhone.

There has been some concerns about margin pressures on income, given the price of the iPhone is derived products and an increase in component costs. However, Apple's gross profit recorded a 36.3 per cent, above analysts predict that only 34 percent.

"In total, Apple will continue to carry out his plan at a difficult time," said Kaufman Bros. analyst Shaw Wu. "We think they position themselves with a very unique competitive advantage in the middle. They are creating hardware, software, and services, which actually beat its competitors."

Apple usually issue a conservative prediction. For the third quarter of this year, revenue is estimated to reach U.S. $ 8.7 billion to U.S. $ 8.9 billion or U.S. $ 1.18 to U.S. $ 1.23 per share. The figure below analysts estimates, ie U.S. $ 9.1 billion or U.S. $ 1.30 per share.

Source : REUTERS