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Apple Stock Opens At $457.70, Down More Than 10%, After Financial Results



Apple stock opened at $457.70 this morning, down more than 10%, following its financial results on Wednesday. The Cupertino company announced $13.1 billion profit for the first quarter of 2013, a slight increase over the $13.06 billion it posted for the first quarter of 2012. But despite that increase, it’s clear Apple’s phenomenal growth has hit a stumbling block.

Apple Schedules Financial Results Call For Q4 2012


Apple Financials Webcast

Apple announced their fourth quarter financial call for Q4 2012, scheduling it on October 25th, from 2 pm Pacific time (5 pm Eastern). The results should include the successful launch of the iPhone 5, which sold over 5 million units in the first three days it was on sale in the US. In addition, the iPhone 5 was launched in 22 other countries, with 100 more to come in the months ahead.

Samsung May Sell More Units, But Apple Makes More Profit [Report]


Still winning.
Photo: Cult of Mac

While Apple and Samsung duke it out in Northern California this week, it makes sense to take a little time comparing the two on sales numbers, units shipped, and profit made. And while many folks these days like to bring up the fact that more Samsung devices are sold than iOS devices, those same folks are missing the boat.

According to a report from Raymond James analyst Tavis McCourt, via website AllThingsD, Apple’s iOS devices are making its company a ton more profit than Samsung’s devices are. Let’s take a look at the numbers.

Apple Beats Microsoft in Quarterly Profit for First Time Ever



Apple has surpassed Microsoft in quarterly profits for the first time ever, bagging $760 million dollars more during the first calendar quarter of 2011. Microsoft announced today that its net profit for the past quarter – the company’s third fiscal quarter – is $5.23 billion. Last week, Apple reported profits of $5.99 billion over the same period, which is its second fiscal quarter of 2011.

Six months ago, Apple’s excellent performance in recent years was highlighted when the Cupertino company surpassed Microsoft in quarterly revenue for the first time in nearly 15 years. Despite this, Microsoft continued to hold Apple off when it came to profits, largely due to the high profit margins it achieves with its software business.

Apple’s latest accomplishment is now the third time the company has trumped Microsoft over the past year. In May of 2010, Apple first surpassed Microsoft in market capitalization, then went on to surpass Microsoft in quarterly revenue in October, and has now surpassed Microsoft in quarterly profits.

Apple’s market cap is now nearly $100 billion higher than Microsoft’s. It’s no wonder Apple has enough cash reserves to keep the company going until 2018, without selling another single product.

[via MacRumors]