• Most Popular
  • Most Shared

Apple iPhone to ship in late June: CFO

SAN FRANCISCO
Thu Apr 26, 2007 10:31am EDT
The iPhone sits on display behind a glass case at the Macworld conference in San Francisco, California, January 9, 2007. Apple Inc. Chief Financial Officer Peter Oppenheimer said on Wednesday the iPhone is on track to ship in late June. REUTERS/Kimberly White

SAN FRANCISCO (Reuters) - Apple Inc. Chief Financial Officer Peter Oppenheimer said on Wednesday the company's iPhone is on track to ship in late June.

Oppenheimer also said that the gross margin of 35 percent the company turned in during its most recent quarter was "not sustainable" because component costs are not expected to remain as low as they had been.

"We look forward to shipping the iPhone in late June and are very excited," he told Reuters in a telephone interview.


More from Reuters

Photo

World leaders try to rescue climate deal

COPENHAGEN (Reuters) - President Barack Obama met other world leaders in a last push for a new global climate deal on Friday, after negotiators failed to reach a deal on carbon cuts in all-night talks. | Video

» More Top News
A trader watches screens as he works on the floor of the New York Stock Exchange, September 29, 2008. REUTERS/Brendan McDermid
Analysis:

Next year, it'll be different

Remember the "pre-Lehman panic" days? Stock market volatility looks set to recede in the coming year -- just don't count on a full-blown recovery.  Full Article 

U.S. Markets
Pedestrians are reflected in a Citigroup window in Boston, Massachusetts. REUTERS/Brian Snyder

Citi's next challenge

Citigroup's plan to extract itself from the government's clutches didn't go as planned. For the bank to succeed, one of two things need to happen.  Full Article 

ECONOMY