Apple’s recent product launches and the Thanksgiving/Christmas shopping season may be coming together in one giant perfect storm — the good kind. Cantor Fitzgerald analyst Brian White says the company’s sales performance in November was very likely the strongest in history.
“It took us more than 16 years to get to one million paid households but just 18 months to double it.”
Reports issued by PricewaterhouseCooper, the NVCA, and Pitchbook find that 2013 is off to a slow start for venture capital, although software continues to reign in the dollars.
The future of eBay is mobile payments, however, and for investors willing to overlook some short-term pain, there may be some long-term gain as PayPal transaction volume increased a strong 21 percent in the last quarter, and PayPal merchant services jumped 25 percent.
PC shipments fell off the proverbial cliff in the first quarter of 2013, according to IDC, with their biggest drop ever in recorded history.
It’s been an interesting day. Apple reported record revenue of $54.5 billion and record quarterly profit of $13.1 billion, then saw its share price drop 10 percent.
Despite record revenue and iOS sales reported in today’s earnings report, Apple’s stock has sunk a staggering 10 percent in after-hours trading.
For a company that is supposedly struggling, and whose stock price has shed tens of billions of dollars from its $700/share high in September of 2012, Apple did pretty well in the first quarter of 2013.
While Apple’s iPad numbers are generally positive, did cheaper Android tablets finally hurt the iPad’s appeal?
Apple reported its first quarter earnings for 2013 today.
The big question, however, is this: even if Apple has a stellar quarter, will it be enough to pull AAPL out of its stock market doldrums?
Apple’s first quarter is always its biggest quarter, since it starts before the Christmas shopping season.