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Apple reports first-quarter profit of $6 billion |
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Written by Administrator
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Wednesday, 19 January 2011 08:20 |
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Apple on Tuesday reported record revenue of US$26.74 billion for its first fiscal quarter, driven by sales of iPhones, Macs and iPads.
Revenue was up 71 percent from the same quarter a year earlier, while profits were up 78 percent to $6 billion, or $6.43 per diluted share, Apple said.
The company sold 4.13 million Macs during the quarter, whichended Dec. 25, up 23 percent year over year. IPhone sales continued at a healthy clip, improving by 86 percent over last year to 16.24 million.
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Apple releases MacBook Air, iDVD updates |
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Written by Administrator
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Wednesday, 19 January 2011 08:19 |
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Apple sure has a funny way of celebrating record-setting holiday quarters. Before the company ended its 2011 kick-off earnings call on Monday, Apple released a pair of software updates for owners of the latest-generation MacBook Air and iLife '11.
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Steve Jobs' Medical Leave May Leave Apple in a Lurch |
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Written by Administrator
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Wednesday, 19 January 2011 08:18 |
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As Apple chief executive Steve Jobs takes an indefinite medical leave, his company is at a crossroads.
Over the last decade, Apple has morphed from a mere computer company to an empire whose influence reaches to nearly every screen in the home. This shift arguably wouldn't have happened without Jobs, whose obsession with detail and unwillingness to compromise is legend in the tech world. Let's dwell on this for a moment.
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IBM Q4 net income rises 9 percent |
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Written by Administrator
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Wednesday, 19 January 2011 08:14 |
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IBM said Tuesday that net income for the fourth quarter ended Dec. 31 rose 9 percent to US$5.3 billion year over year, helped by strong performance in growth markets as well as software and mainframe sales. Revenue for the quarter was $29 billion, a 7 percent increase.
Full-year net income grew 10 percent to $14.8 billion, while full-year revenue jumped 4 percent to $99.9 billion.
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ERP investments to slow in 2011 |
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Written by Administrator
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Tuesday, 18 January 2011 13:56 |
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The number of companies planning to invest in their ERP (enterprise resource planning) systems will drop slightly this year, according to a Forrester Research report, even as IT spending overall is expected to rise.
Twenty-five percent of the roughly 900 companies surveyed by Forrester plan to upgrade, expand or implement an ERP system, down from 29 percent in a study last year, according to the report by analyst Paul Hamerman.
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