All Entries Tagged With: "conference call"
Free iPhone 4 Cases Will Cost Apple $175 Million
Last Friday, during an emergency press conference, Apple offered to give each and every iPhone 4 owner a free case or bumpers in response to the “antennagate” problem plaguing many iPhone 4 units. However, distributing free $29 cases will not come too cheap. The Cupertino, California-based company revealed today during its fiscal Q3 2010 earnings conference call with investors that the free bumpers will cost the company approximately $175 million in deferred revenue.
No wonder Apple refused to accept that the iPhone 4 has an antenna issue.
Apple Announces Q1 2010 Earnings – It’s Now a $50+ Billion Company
Apple just announced today its fiscal Q1 2010 earnings. Let me tell you, it’s been a great quarter. Now, while the financial figures are excellent, it’s what Apple CEO Steve Jobs said that has the web abuzz. Jobs stated in the press release:
“If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company. The new products we are planning to release this year are very strong, starting this week with a major new product that we’re really excited about.”
Of course, we all know what “major new product” he’s referring to, right? Cough, Apple Tablet. Enough said.
Anyway, let’s get on with the financial figures. According to the press release, Apple posted posted revenue of $15.68 billion and net profit of $3.38 billion, that equals to $3.67 per diluted share. This means, revenue went up by $3.8 billion from the $11.88 billion last year and profit increased $1.12 billion. Gross margin was 40.9 percent, up from 37.9 percent versus one year ago.
Google Announces 2009 4th Quarter Earnings
Google announced today via a live video conference call on YouTube its earnings from the fourth quarter in 2009. Google CEO Eric Schmidt was very happy to announced that Google’s revenues went up 17% to $6.67 billion in what he described as “a strong fourth quarter.” Net income for 2009 ended up at $6.5 billion. Overall revenue in the year 2009 went up to $ 24.5 billion in cash.
Non-GAAP earnings went up 35% to $2.2 billion, that’s equivalent to 6.79 per share. When it comes to its workforce, Google ended up with 19,835 full-time employees worldwide. That’s 170 more people than the 19,665 full-time employees reported at the end of Q3 in September 2009.
