3 Tech Titans Making Noise: Apple’s Solid Quarter, Dell Receives a Sweetened Bid, and Google’s New Nexus
Apple Inc. (NASDAQ:AAPL): Third-quarter earnings per share of $7.47 beat estimates by 15 cents while revenue of $35.3 billion also beat estimates by $300 million. The company moved 31.2 million iPhones, which rose above estimates, while 14.6 million iPads fell below estimates, with 3.8 million Macs sold. Apple is expecting its fourth-quarter revenue to fall between $34 billion and $37 billion, somewhat below the $37.1 billion consensus. The Americas and Japan proved to be strong markets, while other Asian nations struggled.
Dell Inc. (NASDAQ:DELL): Despite statements to the contrary, Dell and Silver Lake have sweetened their LBO bid from $13.65 per share to $13.75 in what they say is their “best and final proposal.” The move is being taken as a signal that Dell and Silver Lake don’t have the votes needed to beat Carl Icahn’s offer and requires that the board’s special committee changes the voting rule so abstentions are no longer factored into the final vote, which has now been further postponed until August 2.
Google (NASDAQ:GOOG): Google has officially revealed its next generation of the Nexus 7, which will feature a higher-resolution screen and a price tag of $230. It has a a quad-core Qualcomm CPU, stereo speakers, dual cameras, and is 2.85mm thinner and 50 grams lighter than its predecessor. Google also introduced Android 4.3, nicknamed “Jelly Bean,” which now features new support for the Bluetooth 4.0 standard, OpenGL ES 3.0 support for better 3D gaming, and improved multiuser settings.
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