From CRN: Apple beat analysts' expectations Monday, with the company reporting successful sales of its latest iPhones. Meanwhile, activist investor Carl Icahn received some bad news on the company's fourth-quarter analysts call, during which Apple CEO Tim Cook denied Icahn the satisfaction of any immediate change in the company's cash return program.
Apple's quarterly revenue totaled $37.5 billion compared to the $36 billion reported in the year-ago quarter, surpassing many analysts' expectations. Apple sold 33.8 million iPhones, a record for the September quarter. Additionally, Apple sold 14.1 million iPads, a slight increase over the year-ago quarter despite the fact new iPads were widely expected to be revealed in October.
"Overall it was a great quarter for Apple," said Van Baker, lead Apple analyst at Gartner. "They beat their revenue estimates by a healthy amount."
When pressed to comment on Apple's intentions to bring new, not-yet pioneered products to market, Cook expressed confidence in the Cupertino, Calif.-based company's ability to innovate without giving specifics.
"We obviously believe that we can use our skills in building other great products that are in categories that represent areas where we do not participate today," Cook said.
Baker said he has confidence Apple is still "well within the time window" to bring a new product to market, but said concern will grow if Apple is unable to pull it off within the next calendar year.
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