Apple Reports Record Third Quarter Results
CUPERTINO, California — July 21, 2015 — Apple® today announced financial results for its fiscal 2015 third quarter ended June 27, 2015. The Company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share. These results compare to revenue of $37.4 billion and net profit of $7.7 billion, or $1.28 per diluted share, in the year-ago quarter. Gross margin was 39.7 percent compared to...
Pandora’s radio data now included in Billboard Hot 100
Though Pandora recently launched a $10 Premium streaming service based on its Rdio acquisition, it won’t be available to the public until later this year. Still, it has a very consequential 78 million users and 4.3 million subscribers to its $5 Pandora Plus (not-on-demand) radio service. “Pandora is now the number one radio station in 87 US markets and represents roughly 10 percent of all radio listening,” says...
Apple Reports Record First Quarter Results
Results Produce Record Quarterly Profit of $18.4 Billion CUPERTINO, California — January 26, 2016 — Apple® today announced financial results for its fiscal 2016 first quarter ended December 26, 2015. The Company posted record quarterly revenue of $75.9 billion and record quarterly net income of $18.4 billion, or $3.28 per diluted share. These results compare to revenue of $74.6 billion and net income of $18 billion, or $3.06 per...
Fitbit cuts 110 jobs as wearable sales slow
In the previous three months, Fitbit sold 6.5 million devices, which include trackers and smartwatches, earning the company around $580 million. However, the wearable maker expected revenues of between $725 million and $750 million, ensuring that its annual growth totalled 17 percent instead of the 25 percent target it had set last year.”We are confident this performance is not reflective of the value of our brand,...
Apple Reports Record Fourth Quarter Results
CUPERTINO, California — October 27, 2015 — Apple® today announced financial results for its fiscal 2015 fourth quarter ended September 26, 2015. The Company posted quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion, or $1.96 per diluted share. These results compare to revenue of $42.1 billion and net profit of $8.5 billion, or $1.42 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent...
