Apple posted more big gains in its third quarter report, with revenue jumping 61% to $15.7 billion. The numbers surpassed Wall Street expectations and shrugging off recent questions about antenna problems related to the iPhone 4, released just three days before the end of Q3. IPhone sales totaled 8.4 million units during the quarter, while Apple also sold 3.27 million iPads, in line with analyst predictions. For the fourth quarter, Apple said it expects revenue of $18 billion and earnings of $3.44 per share.Release In other tablet device news, Lenovo says its Android-based LePad tablet will be released by the […]
People, Awards and Announcements
At Ballantine Bantam Dell, Mark Tavani has been promoted to Editorial Director for Fiction. Scribd has hired Robert R. Macdonald as Senior Vice President of Business Development, to work out of the company’s soon-to-be-announced location in Manhattan. Previously he led media and strategic partnerships at Google. In partnership with Alibris, Borders has launched Borders Textbook Marketplace, featuring more than 1.4 million titles and a buyback option.Release Seamus Heaney and previous winners Robin Robertson and Jo Shapscott are among those shortlisted for the Forward Prize for Poetry. The winner of the £10,000 prize will be announced on October 6.BBC Square One […]
Overall Earnings Surge for Courier in Q1, but Publishing Fares Less Well
For the quarter ending June 26, Courier Corporation’s consolidated third-quarter revenues were $64.9 million, up 6% from $59.6 million a year ago, while net income rose to $1.8 million from $1.6 million at this time 12 months ago. Book publishing sales declined 4% to $10.9 million, with sales at Dover were down 6% in the quarter, but up 3% for the year. Total specialty publishing segment revenues were $11.6 million, up slightly from $11.5 million last year. Company CEO James Conway says “Given the uneven state of the recovery, many consumers chose to stay on the sidelines…We did make progress […]
Amazon Inches Closer to Releasing Kindle Stats That Actually Mean Something
In advance of Thursday’s second quarter earnings report, Amazon tries to drum up extra attention by releasing some “statistics” – since as always, the company will never flat-out tell the public exactly how many e-books or devices they’ve sold. This time, however, the numbers they tout actually inch a little closer to real, live, hard data. So let’s start with the data: jumping on last week’s announcement that James Patterson had sold 1.14 million e-books to date worldwide, Amazon says Kindle books account for 867,881 of those sales. (Of course, with print sales totalling more than 205 million copies, that […]
Now, About that Amazon Earnings Preview
Amazon has a lot to live up to when it reports those Q2 numbers on Thursday: over the last 4 quarters, the company’s reported eps exceeded the market’s consensus estimates by margins in the range of 2.24% and 37.2%. Maybe that’s why investors seem to be just a little more cautious with their expectations this time around, as iStockAnalyst reports, and why Barron’s says “Morgan Stanley’s derivatives strategists are advising clients to bullishly trade ahead of [the earnings report]”. Q2 estimates now range “from a low of $0.44 to a high of $0.76 per share, compared to a consensus estimate […]
eNews: Penguin’s Amplified Editions; Scribd Lawsuit Dropped; and More
Penguin and Starz Entertainment have collaborated on an “Amplified Edition” of Ken Follett’s PILLARS OF THE EARTH, featuring extensive video and audio clips, to tie in with the 8-part 8-hour miniseries that debuts this Friday. The app will be available on the iPad and iPhone, and will be updated on a weekly basis with new scenes and text-embedded video clips from the TV mini-series as each episode airs.AP PW (with video) A lawsuit waged by children’s book writer Elaine Scott against Scribd alleging the site’s copyright filtering technology is itself a form of copyright infringement has been dropped, after Scott […]