Apple Inc. (NASDAQ:AAPL) is on the marks to announce historic sales of 20 million iPads in the recently-ended June quarter, an expert reported.
On Thursday, Charlie Wolf with Needham & Company published a statement to investors in which he augmented his June iPad shipment estimation from 13.5 million devices to 20 million devices. He disclosed that his earlier forecast made in April was quickly formulated, that is why his newest estimation is so much bigger.
If Wolf’s estimation proves precise and Apple does announce 20 million iPads sales in the June quarter, that figure would be more than twofold as compared to 9.25 million iPads Apple sold in the similar quarter last year. This level of sales would also be a historic level for iPad sales in any quarter, practically beating the 15 million iPads Apple sold in the last year’s holiday shopping season.
Its competitors include Google Inc (NASDAQ:GOOG) that slipped -1.04% to $565.25 with the total traded volume of 329,369.00 shares and Hewlett-Packard Company (NYSE:HPQ) that dropped -2.49% to $19.20 with the total traded volume of 5.56 million shares.
Other technology stocks with bullish trend include Nokia Corporation (ADR) (NYSE:NOK) up 1.05% to $1.92, SAP AG (ADR) (NYSE:SAP) up 1.67% to $57.68 and Facebook Inc (NASDAQ:FB) up 0.45% to $31.11, whereas with bearish trend include Cisco Systems, Inc. (NASDAQ:CSCO) down -2.21% to $16.02, Microsoft Corporation (NASDAQ:MSFT) down -1.64% to $28.82 and Intel Corporation (NASDAQ:INTC) down -2.60% to $24.73.
Apple Inc. (NASDAQ:AAPL) after opening at $600.24 hit high price of $602.20 and then trading at $596.61 by plunging -1.29% at 10:26AM EDT and on current session volume of 3.22 million shares is lower than its average volume of 14.03 million shares.
The stock price volatility was 1.87% for a week and 1.57% for a month as well as price volatility’s Average True Range for 14 days was 10.46 and its beta remained 1.23.
The liquidity measure in recent quarter results of the company was recorded 1.58 as current ratio and on the other side the debt to equity ratio and long-term debt to equity ratio also remained at flat. The Company had total cash at hand $28.54 billion and a book value per share as $109.63 in the most recent quarter.
AAPL generated revenue of 142.36 billion in the following twelve months and earned $38.62 billion. The Company showed a positive 27.13% in the net profit margin and as well as in its operating margin which remained 35.69%. Company’s annual sales growth for the past five year was 41.16%.
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