Consumer sales responsible for 33 percent drop in profits
Dell has announced its fiscal-year 2013 first-quarter results on Tuesday, as the continuing skid in profits continues. Quarterly revenue was down four percent from a year ago to $14.4 billion. Profit continues to fall and dropped a staggering 33 percent to $635 million. The consumer division continues to weigh down the company, with a revenue of $3 billion, a 12 percent decline year-over-year.
Piper Jaffray analyst Gene Munster estimates that Apple sold 10 to 10.5 million iPods in its fiscal second quater (January, February and March). Munster views this data point as a "slight positive, given recent Street chatter of a very weak iPod number for the quarter." The Piper Jaffray analysis looks at the percentage contribution in NPD data from each month of the quarter in past March quarters. The analyst says that the cheaper iPod shuffle drove sales in February and March. Munster previously said that the iPod will be a slower growing segment than the Mac or iPhone, and expects iPod unit growth to be flat in the calendar year 2008, but also thinks that Apple can maintain iPod unit growth and slightly exceed street expectations. Munster believes that the iPhone will replace the iPod as a driver of significant growth for the company.
RIM posts large profits
BlackBerry manufacturer RIM today posted its fourth quarter and year-end results for fiscal 2008, with quarterly revenue topping 1.88 billion, or a 102-percent increase from the year ago quarter. RIM boasts a user base of 14 million, 2.18 million of which were new subscribers for the quarter, or an increase of 32-percent from the previous quarter. Overall, RIM posted a 98-percent revenue increase for the year, with total revenue sitting at $6.01 billion.