Word: quartered
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What almost no one saw coming in Apple's results for the quarter that ended in March was that the company would sell nearly 3.8 million iPhones. Most educated guesses were around 3.1 million. In a world where securities analysts send spies to Apple stores and bribe hardware component suppliers in Taiwan for data on iPhone parts shipments, experts are not supposed to be off that much. It makes them look bad, but it makes Apple look good, both for its ability to keep things secret and for building a handset that is expensive, making it a real aspirational product...
Apple netted over $1.2 billion on revenue of almost $8.2 billion last quarter. Investors must have sensed that good things were coming. The firm's stock is up 42% this year which is unfair to people who have invested in almost any other company. The NASDAQ has only inched higher by 3% during the same period...
RIMM is doing well enough that its revenue rose 25% in the last quarter to almost $3.5 billion. That means it is less than half Apple's size in terms of sales, but RIMM does not sell Macs or iPods. RIMM added 3.9 million handsets in that quarter...
China's economy expanded 6.1% on annualized basis in the first quarter, its slowest pace since 1998. Singapore's GDP contracted an astounding 19.7% in the same period - after shrinking 16.4% in the previous quarter. Hong Kong has yet to report first-quarter numbers, but its economic performance in the final quarter 2008 does not inspire confidence: GDP growth was minus 2.5%. In the same period, the South Korean economy contracted 5.6% while Japan, Asia's largest economy and the world's second biggest, shrank...
...pirates who are on the run. While piracy in Africa has become a major international security concern, the problem in the strait has been almost completely eradicated. Only two attacks were attempted there in 2008, even as the global total reached a record high. In the first quarter of 2009, the bureau reported that the number of pirate attacks around the world nearly doubled, to 102 incidents, compared with the same period last year; only one of them occurred in the Strait of Malacca. (Read a brief history of pirates...