Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

Apple Inc. : Retail Sales Advance, Other Indicators Are Mixed

share with twitter share with LinkedIn share with facebook
share via e-mail
04/16/2012 | 06:05pm CET

--Warmer weather, iPads may have helped boost retail figures

--New York's Empire State index drops on slowing shipment growth and falling unfilled orders.

--U.S. home builders' confidence slips for the first time in seven months

(Recasts, wraps economic data and adds analyst comment.)

   By Jeffrey Sparshott And Eric Morath 

Americans spent more on home improvement, gasoline, cars and electronics in March, an indication of steady consumer confidence despite some mixed economic signals.

Retail and food service sales increased 0.8% from February to a seasonally adjusted $411.07 billion, the Commerce Department reported Monday. Sales were up 6.5% year-to-year.

That beat expectations. Economists surveyed by Dow Jones Newswires had forecast a 0.3% monthly gain.

"Consumers are back in a big way," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi.

Separate reports out Monday were mixed.

New York's Empire State index, which gauges manufacturing conditions in the state, dropped to 6.56 in April from 20.21 in March as purchasing managers reported slowing shipment growth and falling unfilled orders.

U.S. home builders' confidence in the housing market slipped in April for the first time in seven months, as consumers held off on purchases. The National Association of Home Builders said its housing market index was 25 this month.

And U.S. business inventories increased by 0.6% in February as stockpiles kept pace with rising sales.

The retail-sales figures showed broad-based gains despite higher gasoline prices, which can sap consumers' purchasing power. Unseasonably warm weather may have helped to get Americans started on home projects, on to car dealers' lots and into clothing shops.

The numbers also reflect the popularity of Apple Inc.'s (AAPL) gadgets. "The release of the new Apple iPad in the middle of March and the lower price on the iPad 2 resulted in the strongest gains in electronic store sales since October, when Apple released the latest version of the iPhone," said Chris Christopher, senior principal economist at IHS Global Insight.

Motor-vehicle and parts sales rose 0.9% last month. Excluding autos, retail sales climbed 0.8% in March, after rising 0.9% the previous month.

Retail sales in February rose a revised 1.0%, compared with a previously reported 1.1%.

Consumer spending, up for 10 consecutive months, is a big driver of economic growth. High unemployment and a chronically weak housing market have made consumers cautious through much of the recovery. And policy makers at the Federal Reserve and elsewhere have worried that consumer demand might not be strong enough to sustain recent gains.

One notable headwind has been higher gasoline prices, which can sap consumer purchasing power. Gasoline prices crept higher through the end of March, ending the month at an average of $3.973 a gallon, compared with $3.358 at the start of the year.

Monday's report showed sales at gasoline stations climbed 1.1% from the previous month, and 7.6% on the year.

Excluding gasoline, retail sales climbed 0.7% last month.

   -By Jeffrey Sparshott and Eric Morath, Dow Jones Newswires; 
   202-862-9291; [email protected] 

--Alan Zibel and Jamila Trindle contributed to this article.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on APPLE
03/24APPLE : Amid trade war fears, Cook hopes for rational bilateral ties
03/24APPLE : working with partners on foldable iPhone
03/24APPLE : China warns US it will defend own trade interests
03/24Global Surface Computing Market Outlook 2018- Microsoft Corporation, Apple In..
03/24APPLE : & IBM Watson team for enterprise mobile machine learning
03/24TIM COOK : Apple's Tim Cook calls for calm heads on China, U.S. trade
03/24China warns U.S. it will defend own trade interests
03/24APPLE : CEO Tim Cook urges calm amid US, China trade war fears
03/24SERVICE DOG TO PROSTHETIC LIMBS : Apple proposes emojis for differently-abled
03/24APPLE : Stocks tumble on trade fears; S&P has worst week in 2 years
More news
News from SeekingAlpha
03/24STOCKS TO WATCH : Back To School For Apple 
03/23KGI Securities analyst sees Apple Pencil sales doubling in 2018 
03/23Ireland chooses managers for Apple taxes; Tim Cook heading to China 
03/23Analyst expects foldable iPhone in 2020; new iPad coming next week? 
03/22Apple Will Benefit From The Trade War 
Financials ($)
Sales 2018 262 B
EBIT 2018 69 779 M
Net income 2018 57 776 M
Finance 2018 147 B
Yield 2018 1,61%
P/E ratio 2018 14,40
P/E ratio 2019 12,60
EV / Sales 2018 2,63x
EV / Sales 2019 2,57x
Capitalization 837 B
Duration : Period :
Apple Technical Analysis Chart | AAPL | US0378331005 | 4-Traders
Technical analysis trends APPLE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 191 $
Spread / Average Target 16%
EPS Revisions
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer, SVP & VP-Human Resources
Kevin M. Lynch Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
APPLE-2.54%836 908
HP INC6.95%35 948