Apple ended the year with profits of $ 1.58 billion in the three months that included the Christmas period. The result represents a growth of 57 percent compared to the same period last year and takes advantage of a generalized growth in sales of desktops, laptops and digital players in the United States over the Christmas period. Sales for Steve Jobs’ company also increased 35 percent in the period to reach $ 9.61 billion.
For its second fiscal quarter, Apple expects sales to be in the order of $ 6.8 billion, which will represent growth of around 29 percent and earnings per share of around 94 cents, significantly below the $ 1.76 obtained this Christmas quarter or the $ 1.09 forecast by analysts for this second fiscal quarter.
Apple’s results in the last quarter of the year exceeded market estimates and are even among the best ever in the company’s history, but the disclosure of results ended up penalizing the company thanks to the forecasts that advances for its second fiscal quarter , first of the calendar year.
The market considers these forecasts a more or less evident sign that the company will be strongly affected this year by the slowdown in the American economy and the expected reduction in demand for computer products.
2007-12-27 – Apple shares exceed 200 dollars for the first time