Apple guided towards $0.90 to $1.00 per share for Q2 on $7.6 to $8.0 billion in revenues, below analyst expectations. Slumping sales of handsets are expected to eat into profit margins.
Apple reported earnings of $1.61 billion, or $1.78 a share, for the quarter ended December 27, 2008. Apple realized profits of $1.58 billion, or $1.76 a share, in the same period last year. iPod sales hit 23 million last quarter. Total gross margins were 34.7% of revenue.
2010 © Better Trades | Contact Us