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Excitement for Apple's new iPhone 6 and 6 Plus models drove sales of a record 39.3 million iPhones in the last quarter, boosting the company's earnings and revenue well above expectations.
All told, the company sold $23.7 billion worth of iPhones, beating the $21.5 billion in sales expected by analysts polled by FactSet. Apple's signature smartphones are the company's biggest source of revenue and profit.
"We had a really, really good quarter," Chief Financial Officer Luca Maestri told The Associated Press. He also credited strong demand for the company's Mac computers and its online app store.
But the company didn't do as well with its iPad tablets. Apple said it sold 13 percent fewer iPad tablets than it did a year ago. That follows an industry-wide decline in tablet sales. Still, the company reported even lower iPad sales than analysts had expected.
Maestri said Apple is counting on interest in new models coming out this week and a partnership with IBM, which will create new tablet software for business users, to help shore up tablet sales in the coming months.
Apple's profit rose more than 12 percent for the three months that ended Sept. 27 to $8.47 billion. Total sales also climbed over 12 percent year-over-year, to $42.12 billion.
The Cupertino, California, company issued a strong forecast for the upcoming holiday shopping season as well. The company said it expects total revenue, from all products, of between $63.5 billion and $66.5 billion during the quarter that ends in December. That suggests the company will likely beat the expectations of analysts, who were forecasting $63.7 billion, according to FactSet.
Apple's shares have surged more than 35 percent this year, when adjusted for a seven-to-one stock split that occurred in June. The stock is off slightly since hitting an all-time adjusted high of $103.30 last month.Mon, 20 Oct 2014 15:22:39 -0700
Owen White plays wide receiver for the freshman football team at Rhinelander High School in Wisconsin. His younger brother, Gabe, is the squad's honorary captain.
He also has Down syndrome.
This relationship on Friday night provided one of the best moments of the football season on any level.
"I wanted to make a special moment for him. [He's a] special kid. All you have to do is hang out with him for 30 seconds and you see that," coach Mark Apfel told WJFW.
So with the game over, the stage was set.
"They kicked it off, and it went over his head so I hit it on the ground," Owen White said.
"I caught it, and then I blocked it, and then ran to coach," Gabe said.
"And he took off for the end zone, it was pretty special," Owen White said.Mon, 20 Oct 2014 14:38:17 -0700
Colorado parents are being told to be on the lookout this Halloween for marijuana-laced candy, NBC News reported.
The Facebook page of the Denver Police Department is warning that mass-produced candy can by sprayed with hash oil, and once the spray dries, there is no way to tell that the candy has been infused.
The station reported that the Denver PD Facebook page features Patrick Johnson, owner of marijuana shop Urban Dispensary. In the film, Johnson urges parents to inspect any candy their children bring home after trick-or-treating on Halloween to make sure it hasn’t been tampered with.
According to Children’s Hospital Colorado, accidental exposures of marijuana products to children in Colorado have increased in the past three years, based on the rate of emergency department visits and admissions at the hospital
“Since 2005, states that allow some form of legal marijuana have seen a 30 percent annual increase in calls to poison control centers for marijuana ingestion, relative to a 1 percent increase in non-legal states,” the hospital states on its website.Mon, 20 Oct 2014 14:32:36 -0700 News Source: MedleyStory More Local News Stories