Apple Reports Record Q1 Profits, But Outlook Disappoints MarketAuthored by Jay Baage on January 17, 2007 - 5:51pm.
According to the report, Apple shipped 1.6 million Mac computers and more than 21 million iPods during the quarter. These numbers represent a growth of 28 percent and 50 percent respectively from the year-ago holiday season. Shares of Apple lost $2.15 to close at $94.95 on the Nasdaq Stock Market as technology stocks in general took a tumble on Wednesday. In the extended trading following its report, Apple shares initially jumped by about 4.5 percent then declined by 1 percent to $94, according to AP. Joakim Baage Related Links: Analysis: I Would Not Worry Too Much About Apple’s Cautious Outlook Apple Q1 2007 Report (Press Release) Apple Reports Record 1Q Profit (AP) Apple Profit Rose 78% in Quarter (NYT) Apple Unveils $499 iPhone, Apple TV Wireless Media Hub Cisco Sues Apple Over Use of iPhone Name Buzz Watch: Apple iPhone – Wow! Poll: Which Area Of Digital Media Will Get The Most Attention In 2007? Apple Investor Relations Website |
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