iPhone 4 Soon Available in 17 More Countries

Posted by on Jul 29, 2010 | No comment

Apple’s (NASDAQ: AAPL) iPhone 4 will soon be me on the market in 17 more countries. The iPhone 4, which was launched  in the U.S. on June 23, 2010, has been the most successful product launch in Apple’s history. The smartphone is already available in five countries, including the U.S.

Following the controversy surrounding the iPhone 4’s reception problems, it will be interesting to see how the device is received in the countries where it will be launched on Friday. This will be one development that Apple investors will be keeping an eye on Friday. Apple shares saw a steep decline, as complaints about iPhone 4’s reception problems first surfaced.

Apple stock is trading lower today. The stock opened at $260.71 today and touched a low of $256.10 in mid-day trading. At last check, it was down 1.37% to $257.39, with volume at 12.66 million in mid-day trading.

Over the past decade, Apple has consistently delivered widely popular tech products. This is one of the reasons why the company is fundamentally so strong. In the third quarter of 2010, the results for which were declared last week, Apple reported strong sales for each of its products.

In the third quarter, the company sold 3.47 million Macs, which is 33% unit increase from the same period last year and a new quarterly record for Mac sales. The company sold 8.4 million iPhones in the third quarter, representing a 61% unit increase from the same period last year. The iPod was the only product in the third quarter which showed a year-over-year decline. The company sold 9.41 million units of iPod in the third quarter, representing a year-over-year decline of 8%.

Apple’s most awaited product this year, the iPad, was launched in the third quarter of 2010. The company sold 3.27 million units of the new device in third quarter. The iPad was launched on April 4, 2010. Since then, the Apple Inc. stock has appreciated almost 10%.

Steve Jobs, Apple’s CEO, is confident about the company’s prospects. Commenting on third quarter, Jobs had said that more and more people are buying Macs than ever before and that the company still has amazing new products to be launched later this year.

Going forward, the company is expecting revenue of about $18 billion, for the fourth quarter of fiscal 2010. The company is anticipating diluted earnings per share of $3.44, for the fourth quarter.

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About BeaconEquity.com

BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

Beacon Equity Group Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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