2008-10-24

$25 billion in cash and no debt

This is why you should never invest in good companies with amazing products (From the New York Times ):

Apple sold about 6.9 million of its iPhone 3G units in its fourth quarter, compared with 6.1 million cellphones for R.I.M., he [Steve Jobs] said. Apple has already surpassed its goal of selling 10 million iPhones during 2008, he [Steve Jobs] said.

(...)
The success of the iPhone helped push Apple's net income up 26 percent, to $1.14 billion, or $1.26 a share, from $904 million, or $1.01 cents a share, last year. Revenue increased 27 percent, to $7.9 billion, from the $6.22 billion recorded a year ago.
(...)
Apple said it shipped 2.6 million Mac computers, representing 21 percent growth over the year-ago quarter when it shipped 2.2 million.
(...)
"This company is on a roll and a very consistent one, where they are gaining market share at two to three times the rate of the PC industry," said Charles Wolf, a financial analyst at Needham & Company.
(...)
It [Apple] sold 11 million iPods during the quarter, representing 8 percent growth over the year-ago quarter.
(...)
Apple said it ended the year with $25 billion in cash and no debt. Apple's stock dropped $6.95, or about 7 percent, Tuesday to close at $91.49
(...)
Apple's 52-week high was $202.96.

Disclaimer: As I bought on margin , I no longer have any Apple shares. 




No comments:

Labels

Canada (204) Internet (124) TV (104) iPhone (103) World (99) Liberal Party (65) New Brunswick (44) OUI (43) Ipod touch (33) Media (33) haha (29) Bus (26) Environment (16) StreetView (16) La politique (15) Twitter (15) Travel (12) wmtc (12) Books (11) iPad (11) Gadgets (10) Cancer (7) Monde (6) tetesaclaques (6) HOC (5) Shoshana (4) Games (2) Index (1) tac (1)

Twitter Updates

Places to See