Apple incs' forecast for the next quarter hasn't been released yet, but you can be sure that they will continue their conservative guidance. This is a long-term outlook company folks, conservative quarterly guidance keeps them from having to cook the books to make their quarterlies.
Bloomberg has the following:
Fourth-quarter earnings advanced to $1.14 billion, or $1.26 a share, Apple said today in a statement. That beat the $1.11 a share estimated by analysts in a Bloomberg survey. Sales rose 27 percent to $7.9 billion in the three months ended Sept. 27.
Chief Executive Officer Steve Jobs updated the iPhone in July to support faster networks and expanded distribution to more than 50 countries, helping Apple take sales from Research In Motion Ltd. Jobs said the economic slowdown presents an ``extraordinary opportunity'' for companies with cash, helping investors look past a forecast that missed estimates.
``I still fully expect the company to gain share even in this turbulent economy,'' said Jim Grossman, an analyst at Thrivent Financial for Lutherans in Appleton, Wisconsin, which owns Apple shares. Jobs's comments on the call, his first appearance since at least 2000, also reassured investors, Grossman said.
Apple rose $10.58 to $102.07 in extended trading after closing at $91.49 on the Nasdaq Stock Market. The shares have lost 54 percent this year.
Profit Outlook
Profit this quarter will be $1.06 to $1.35 a share and sales will be as much as $10 billion, Cupertino, California- based Apple said. Analysts had predicted earnings of $1.66 a share and revenue of $10.6 billion, according to a Bloomberg survey.
Time will tell about Apple, it can't win forever.
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