Day: October 12, 2013

Steve Jobs returns to the helm

Steve Jobs returns to the helm Apple CEO Steve Jobs is slowly picking up the reins at the company once again. Jobs, 49, underwent life-saving cancer surgery in late July, taking August off to recuperate. CNet reports he has returned in order to attend some company meetings, with the intention of returning to full-time work later this month, as had been promised. In Jobs’ absence, Apple has been managed on a day-to-day basis by executive vice president of operations, Tim...

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Apple Q1 results to beat targets — analyst

Apple Q1 results to beat targets — analyst Apple will announce its first quarter results at 10pm (UK time) tonight, and analysts expect another strong quarter from the firm. Apple will meet or exceed its $6.0-6.2 billion revenue target in its Christmas quarter, American Technology Research analyst Shaw Wu said. He reckons Apple will achieve $6.4 billion for the quarter. The analyst, who rates Apple stock as a ‘buy’ with a $99 target price, cites “continued strength” in the Mac business with 1.8 million Macs sold. He also explains a “continued rebound” in iPod sales, he anticipates Apple will have...

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