Apple shares tumble in after-hours on disappointing outlook
Shares of Apple Inc. were further battered and bruised on Tuesday evening, shedding over 11 percent of their value after the company guided considerably below Wall Street's expectations for its fiscal second quarter of the year.
Apple: iPod touch is now a "mainstream Wi-Fi mobile platform"
During its quarterly conference call Tuesday, Apple outlined a new vision for the iPod touch, saying it hopes the product will mark the beginning of the first true "Wi-Fi mobile platform" rather than continue to exist solely as a high-end extension of its digital media player business.
Notes of interest from Apple's Q108 quarterly conference call
Apple on Tuesday announced its most profitable quarter in company history, and held a financial conference call with analysts and members of the media. Several notes of interest from the finished call follow:
Apple profits rise 58 percent as Mac sales top 2.3 million
Apple said Tuesday that first-quarter profits rose 58 percent to $1.58 billion, or $1.76 per diluted share, on sales of $9.6 billion for the three-month period ended December 29, 2007.
Apple shares bleed red ahead of afternoon earnings report
Shares of Apple Inc. joined the broader technology sector in a brief free-fall early Tuesday morning as growing fears of a recession and slowing global economy weighed heavily on the Nasdaq stock market.
Piper Jaffray reduces December quarter iPod estimate
Investment bank Piper Jaffray on Tuesday reduced its fiscal first quarter iPod sales estimate for Apple Inc. by approximately 2 million units in light of preliminary sales data that suggests December month sales fell slightly short of expectations.
Apple introduces pink iPod nano ahead of Valentine's Day
Apple said Tuesday that it has added a new pink iPod nano to its lineup of digital media players just in time for next month's celebration of love.
How the MacBook Air stacks up against other ultra-light notebooks
At last year's Macworld Expo, Apple's dramatic unveiling of the iPhone divided the world into two camps: those who were excited about the state of the art being pushed, and those who were irritated that Apple was the one doing it. This year, the role of the iPhone is being played by Apple's new MacBook Air.
