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Tuesday, July 22, 2008
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After Strong Quarter, Apple Signals Changes in Its Prices
Summary from multiple countries, from articles in English
The company's stock fell about 10 percent on Monday in after-hours trading as Apple executives hinted during a conference call about Apple's third-quarter financial statement that they would price products more aggressively in the future. (article 3) The company also told Wall Street analysts to expect lower gross margins and made a conservative sales estimate for the final quarter of the 2008 fiscal year. (article 3) Executives sketched out a series of reasons for the profit margin decline, including educational discounts, component price adjustments and a new product line that is widely rumored to include redesigned laptop computers. (article 3) (Paul Sakuma/Associated Press) Macintosh and iPod sales helped boost Apple Inc.'s fiscal third-quarter earnings 31 per cent, beating Wall Street's expectations Monday, but investors pummeled the stock after Apple issued soft guidance for the current quarter. (article 2) SAN FRANCISCO (Reuters) - Apple Inc said on Monday its current-quarter earnings would be well below Wall Street targets, sending shares of the iPhone, iPod and Macintosh maker down 10 percent. (article 4) Maybe the investor confidence ratio is dipping due to non-faith in succession plans, but that could be said for any company theoretically. (article 5) It had been a hobby - albeit a time-consuming one - while Dr. Kim earned his medical degree. (article 6)

Other summaries about this story:
  • Summary from United States, from articles in English (5 articles) [compare]
  • Summary from Canada, from articles in English (1 articles) [compare]

  • Other stories about quarter, billion and share:
  • Texas Instruments Disappoints and Predicts Weak 3rd Quarter (5 articles)
  • Earnings Fall at American Express, and Its Shares Suffer (4 articles)

  • Event tracking:
  • Track this story's development in time

  • Story keywords
    quarter, billion, share, Company, cents

    Source articles
    1. Apple profit jumps 31%, but stock punished (seattletimes.nwsource.com, 07/21/2008, 317 words)
    2. Apple's profit rises but analysts concerned about Jobs's health (cbc.ca, 07/21/2008, 386 words)
    3. After Strong Quarter, Apple Signals Changes in Its Prices (nytimes.com, 07/22/2008, 745 words)
    4. ABC News: Apple Earnings Disappoint Wall Street (ABCNews, 07/21/2008, 328 words)
    5. Los Angeles Times (latimesblogs.latimes.com, 07/21/2008, 195 words)
    6. An M.D. Trades Medicine for Apple Rumors (nytimes.com, 07/21/2008, 947 words)




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