New Technology Reviews!.: revenue

Apple's Asia-Pacific profits reportedly soaring

<br/><p style="text-align: center;"><img alt="" border="0" class="aligncenter" height="217" src="http://img59.imageshack.us/img59/9225/applechinastore.jpg" width="279" /></p><br/>Apple might be growing in the US thanks to brisk sales of the MacBook Air and the expansion of the iPhone 4 to Verizon Wireless, but in Asia-Pacific, the Cupertino company is exploding. Over the past five years, Apple's revenue has climbed from US$14 billion in 2005 to $64 billion in 2010. During that time, international revenue grew a staggering 727%, while US revenue grew 268%. Profit showed a similar trend with Asia-Pacific increasing by a whopping 2,991% in the last five years. US profit also grew, but only at a comparatively small rate of 682%.<br/><br/>This upward trend is expected to continue in the current 2011 fiscal year. Last year, Apple reported $8.25 billion in sales to the Asia-Pacific region. We are half way through this year and Apple has already reached $5 billion in sales. Its sales are expected to quadruple year-over-year, and Apple hasn't even tapped into China's lucrative mobile phone market.<br/><br/>Apple sells the iPhone through China Unicom, which has 170 million subscribers (a number that pales in comparison with 600 million subscribers on China Mobile). Overall, China has over 900 million mobile phone users. If Apple could produce an iPhone for China Mobile and China Telecom, its resulting revenue and profits could go off the charts.

Apple's Asia-Pacific profits reportedly soaring

Apple might be growing in the US thanks to brisk sales of the MacBook Air and the expansion of the iPhone 4 to Verizon Wireless, but in Asia...

Best Buy sees big drop in TV sales, eases pain with beefy mobile revenue

<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIIr824aQGRKtuyYSRHuotl8Yvor1bs5B0DK1_q6CWgEW0-gN2bQ5gKAQUY93-kPFSoExHhVn5eFVsw990wWdFJpiRE6MWLVkYi7iQu_QImh8XIhTqlLzKQ-fZz-RTFu0x3DWHhYpGN4s/s1600/best-buy-earnings-sm.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIIr824aQGRKtuyYSRHuotl8Yvor1bs5B0DK1_q6CWgEW0-gN2bQ5gKAQUY93-kPFSoExHhVn5eFVsw990wWdFJpiRE6MWLVkYi7iQu_QImh8XIhTqlLzKQ-fZz-RTFu0x3DWHhYpGN4s/s1600/best-buy-earnings-sm.jpg" /></a></div><br />
Best Buy's stock took a 14.8 percent beating today on news that it earned $217 million in the third quarter -- a 4.4 percent decline year over year -- and felt compelled to revise its fourth quarter forecast downwards. The reason? Seems folks are holding off on buying televisions in a big way: the company suffered a "low-double digit' decline in boob tube sales, even worse than an industry average in the single digits, which would suggest that 2010's 3D revolution hasn't attracted the kind of consumer attention manufacturers (and content providers) would've liked. If there's a silver lining, it's that double digit increases in phone sales -- combined with a single digit boost in tablets and related mobile devices (read: iPads) -- helped to offset the TV decline. Of course, we're sure people will need new LCDs and plasmas eventually... but maybe it's going to have to wait for 4K.

Best Buy sees big drop in TV sales, eases pain with beefy mobile revenue

Best Buy's stock took a 14.8 percent beating today on news that it earned $217 million in the third quarter -- a 4.4 percent decline ye...