Apple Beats Street on iPhones; Shares Soar

Martin, Scott
October 2008
Red Herring;10/21/2008, p1
Trade Publication
The article reports on the financial performance of technology company Apple. The company reported net income of $1.14 billion, or $1.26 per share, on revenue of $7.9 billion that included strong sales of iPods, Macs, and iPhones. Financial analysts were forecasting Apple to report net income of $1 billion, or $1.12 per share, on sales of $8 billion. Chief Financial Officer Peter Oppenheimer gave first-quarter revenue guidance of $9 billion to $10 billion and earnings per share ranging $1.06 to $1.35.


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