TECH BLINK: APPLE WARNS OF WEAK CHRISTMAS — FT’s Tim Bradshaw in San
Francisco: “Apple has warned that its rapid sequence of product
launches, including the iPhone 5 and iPad mini, would put its
profitability under pressure in the run-up to Christmas. Apple’s gross
profit margins on each iPad mini sold are ‘significantly below our
corporate average’, said finance chief Peter Oppenheimer during the
company’s results call … He added that the new tablet’s $329 pricing is
‘aggressive’, despite competitive devices from Amazon and Google costing
$199. The iPhone 5 is also less profitable than its predecessors. …
New products will make up more than three-quarters of sales in the
October-December quarter, Apple said, bringing in more than $50 billion
in revenues. … Reporting its fiscal fourth-quarter results, Apple
said it anticipated earnings of $11.75 a share in the next quarter,
below analysts’ expectations of $15.41 and the $13.87 reported a year
earlier.”
Apple warns of pre-Christmas profit fall - FT.com
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