Games and Gadgets
The better-than-expected margin was the result of a number of factors, Oppenheimer said. Prices for LCD screens and NAND flash memory, which the company uses in its iPods, were lower than expected, he said. Additionally, the company had expected it would have to use significant price cuts to clear inventory of its older Power PC-based computers, but ended up not having to do so. Finally, Apple sold more copies of its high-margin software titles, particularly its iLife and iWork suites, than it expected, he said.
Apple also reported gross margin of 29.8% in last year's quarter, but the figure didn't reflect the now-adopted stock-based compensation expense. Shares of Apple closed regular trading off 57 cents, or about 1%, to $65.65 on Wednesday.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
|
|
DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
|
|
-1.28%
|
-1.43%
|
-1.17%
|
-6.12%
|
Data delayed 20 minutes |
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