InfoAnda - Apple blames rare miss on new iPhone anticipation, economy |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

One food court outlet to introduce biodegradable disposables | 11 December 2008
Six injured in South Korean explosion | International | | 3 December 2009
US sending first envoy to Libya in 36 years | 21 November 2008

Russian ex-defense minister to be questioned in fraud case | | 27 December 2012

Forum Views () Forum Replies ()

Read more with google mobile : Apple blames rare miss on new iPhone anticipation, economy |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Olympics Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (7) Video Counterparties: Today's best links Austerity's big winners The poor and middle classes have felt the brunt of the burden of austerity policies. The winners have largely been financial interests and the wealthy. Learn More Mario Draghi's secret weapon Effusive coverage of Kazakhstan, brought to you by Kazakhstan Get Counterparties by email! Follow Reuters Facebook Twitter RSS YouTube Read 2014-16 broadcast rights to top $4 billion: IOC 07 Jul 2011 Venezuela withdrawing from regional human rights court 24 Jul 2012 Poll finds gun owners, even NRA members, back some restrictions 24 Jul 2012 Flu "super antibody" may bring universal shot closer 28 Jul 2011 New York City's proposed ban on big sugary sodas draws heated debate 24 Jul 2012 Discussed 235 Mexico urges U.S. to review gun laws after Colorado shooting 150 Fourteen killed in Denver movie theater shooting 102 Penn State hit with $60 million fine, other penalties for Sandusky scandal Watched Inflatable heat shield survives hypersonic stress test Tue, Jul 24 2012 Smart battery brings new energy to home and industry Mon, Jul 23 2012 Artificial jellyfish shocked into "life" Mon, Jul 23 2012 Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Healthcare in Appalachia Remote Area Medical clinics bring free medical care to uninsured people in Appalachia and elsewhere. Slideshow A city destroyed Amid the ruins of the Syrian city of Homs. Slideshow Apple blames rare miss on new iPhone anticipation, economy Tweet Share this Email Print Related News Instant View: Apple's iPhone sales miss, Netflix's shaky outlook unnerve Street Tue, Jul 24 2012 Apple earnings miss takes bite out of Asia supplier shares 12:12am EDT Related Topics Tech » Media » iPad » Related Video Apple’s growth story far from over - Tech Tonic Tue, Jul 24 2012 An Apple logo is seen at the Apple Worldwide Developers Conference 2012 in San Francisco, California June 11, 2012. Credit: Reuters/Stephen Lam By Poornima Gupta SAN FRANCISCO | Wed Jul 25, 2012 12:12am EDT SAN FRANCISCO (Reuters) - Apple Inc results fell short of Wall Street's lofty expectations as a sagging European economy and a pause in iPhone sales ahead of a new version saw revenues slip from the previous quarter. Shares fell more than 5 percent to $570.81 in late trade after the world's most valuable technology company - which beats expectations with near regularity - reported its second quarterly miss in less than a year. Apple's suppliers also felt the pain. Shares of LG Display, Toshiba and Hon Hai sank between 5 and 7 percent. The rare miss highlights how the Apple brand is becoming less resistant to the economic and product cycles that have plagued rivals. "Clearly it was a disappointment," said Channing Smith, Co-Manager of Capital Advisors Growth Fund. "We expected a lot of consumers will probably delay their upgrade and their purchases until the iPhone 5 comes out. We saw a similar trend occur last year with the iPhone 4S." Apple did post a 23 percent jump in revenue from the same quarter the previous year to $35 billion, but that was about $2 billion below Wall Street's average forecast. Net income jumped 21 percent from a year earlier to $8.8 billion, or $9.32 a share, about 10 percent below expectations. From the previous quarter, sales fell 22 percent in Asia-Pacific, outstripping a 3 percent to 6 percent drop in the Americas and Europe. Apple, which Tim Cook has led since last August, divided the blame for the shortfall between muted consumer purchases in Western Europe and a pullback in demand as consumers wait for a new iPhone model that many expect will be launched in September or October. From April to June, Apple shipped 26 million iPhones, well below the 28 million to 29 million that Wall Street analysts had predicted, even taking into account a pause in buying ahead of the iPhone 5. It was a far cry from the 35.1 million that moved in the March quarter. The wait for a new iPhone caused Apple to miss quarterly expectations last fall. This year the phenomenon started early, which could mean that Apple's iPhone sales may also stall in the current quarter. "Apple is in that rarest of all positions where the Street will punish them for anything less than an excess of success," CCS Insight analyst John Jackson said. "If there's a positive spin on the iPhone story, it is one of latent demand." Apple, notorious for its conservative forecasts, estimated earnings for the September quarter of $7.65 a share on revenue of $34 billion, well below the average estimate of $10.23 a share on revenue of $38.03 billion, according to Thomson Reuters I/B/E/S. ANTICIPATION BUILDS FOR NEW PHONE The Silicon Valley giant has a lot riding on its next iPhone, the product that yields more than half its revenue and helps shore up overall margins. Apple has seen Samsung Electronics -- now the world's largest seller of smartphones -- and other handset manufacturers using Google Inc's Android software chip away at its market share. As consumers wait for the new iPhone, Samsung's Galaxy is expected to keep chalking up robust numbers. Analysts say profit from Samsung's mobile division is likely to have more than doubled from a year ago, with sales of around 50 million smartphones in the June quarter. Fans are expecting Apple to launch a completely redesigned phone that has a bigger screen, rather than just add or change a few features as it did with the current model. Less than stellar sales of the iPhone were partly offset by robust sales of the iPad, which accounts for well over half the world's tablet market. Sales came in at 17 million in the fiscal third quarter, above expectations. "It really is the iPhone company. The iPad is not strong enough to beat numbers," said BGC Partners analyst Colin Gillis. "The iPhone 5 is already the most hyped device and for it to exceed expectations is going to be really hard." MISSING TEMPERED EXPECTATIONS Executives acknowledged buyers were refraining from purchases because of "rumors and speculation" around the iPhone 5. They laid part of the blame on sputtering demand from European economies like Germany and France, while dismissing the impact of a Chinese slowdown. China's economy grew at its slowest pace in three years in the second quarter. But Cook blamed the revenue shortfall in the region on changes in inventory as the company built up stocks of the iPhone 4S in the previous quarter, adding he saw nothing in the Chinese economy as having had an impact on sales. iPhone sales had surged when Apple began selling its "Siri" voice-search-equipped iPhone 4S and China Telecom signed on as a second carrier, Cook said. In addition, the latest iPad also hit Chinese store shelves late -- last Friday, months after it had debuted elsewhere around the world. Apple sold 4 million Mac computers, which was about flat from the previous quarter but 2 percent higher than the year-ago period. (Reporting By Poornima Gupta and Edwin Chan; Editing by Bernard Orr and Michael Urquhart) Tech Media iPad Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (7) SeaWa wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Wednesday, 25 July 2012
Netanyahu urges better Turkey ties, cites regional turmoil |
Draft U.N. arms trade treaty full of holes, activists say |
Venezuela's Chavez unveils 3D image of hero Bolivar |
Ethnic riots sweep India's Assam, at least 30 killed |
U.S. commander accused of stalling Afghan hospital abuse probe |
Cardinal praises prominent Cuban dissident at funeral |
Suicide bomber behind Bulgaria bus attack had help: PM |
Apple has rare miss on pre-iPhone lull, global economy |
EU warms to Google antitrust concessions |
Killer of three in Jennifer Hudson's family gets life |
Toronto film festival promises action, India, Affleck |
Jackson estate concerned about bullying of Michael's kids |
Syrian armored column closes in on Aleppo |
Al-Qaeda says carried out Iraq attacks |
UK, France agree on more military cooperation |
Khamenei tells Iran politicians to show more unity |
Venezuela withdrawing from regional human rights court |
Rioters break curfew, more wounded in India's Assam |
In power, Egypt's Brotherhood seeks balance on Islamic law |
Philippines' Arroyo posts bail on fraud charges, leaves hospital |
No damage, tsunami after 6.6 quake hits off Indonesia's Sumatra |
Rival PNG prime ministers join forces to form new government |
Apple's rivals swoop as iPhone China sales flag |
Apple blames rare miss on new iPhone anticipation, economy |
ARM outperforms industry to beat forecasts |
Canon cuts profit outlook, signals euro pain for Japan Inc |
Nintendo narrows loss in first quarter |
HBO nixes idea of Netflix partnership |
Actor Christian Bale visits Colorado shooting victims |
Michael Jackson family dispute sparks concern |
The Jeffersons actor Sherman Hemsley dies at 74 |
Ryan Murphy shrugs off protest of gay adoption TV comedy |
Matthew Perry in latest bid for comeback after Friends |
Sharon Osbourne tweets she is leaving America's Got Talent |
Batman comic book postponed after Colorado movie shooting |
North Korea confirms mystery woman is leader's wife |
Turkish forces kill 15 Kurdish rebels in southeast |
Makeup of new Egyptian government seen complete next week |
Blast in refugee camp wounds 6 in northeast Kenya |
As Ghana mourns president, focus turns to election race |
Five dead in helicopter crash in French Alps: police |
Analysis: In Syria crisis, stakes high for Hezbollah |
British hunger striker jailed in UAE released |
EU regulators seek global concessions from Google |
New York Times drops BlackBerry app |
Actor Christian Bale visits Colorado shooting victims |
Punk godmother Patti Smith pays homage to St Francis in Assisi |
Michael Jackson family dispute sparks concern |
A Minute With: Matthew McConaughey and his new 'Killer' role |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01