Nintendo has just revealed its consolidated results for the April-June quarter, and they show a significant 3.8 percent decline in sales compared to the same quarter last year -- despite (or perhaps because of) the release of the semi-next-gen Wii U. This console sold just 160,000 units during the quarter, or less than half the number of units shifted between January and March. The company's original sales projections for the device, and its hope of selling nine million units by March 2014, are now a distant dream -- we're looking at a lifetime total of just 3.61 million sales. On a more positive note, however, it still managed to sell 1.4 million 3DS handhelds. Plus, the year-over-year fall in revenue was also much smaller than the one Nintendo suffered in Q2 2012, and its operating loss was much smaller too -- just under five billion yen in the red. Factoring in all the company's various sources of income, it managed to eke out a net profit of 8.6 billion yen, or $88 million, so there's some life in this playful old outfit yet.
PRINCETON, N.J., July 26, 2013 /PRNewswire/ --Next Inning Technology Research (http://www.nextinning.com), an online investment newsletter focused on technology stocks, has issued an updated outlook for Apple (AAPL).
Over the past decade, well over a thousand Wall Street analysts, money managers and institutional investors have joined thousands of savvy private investors in gaining key tech industry insights and intelligence from industry veteran and celebrated investor Paul McWilliams in his role as editor of Next Inning Technology Research.
"I value your research more than any others I read," said one hedge fund manager of Next Inning, recently. And a long-time tech industry analyst for a Wall Street research firm said, "I believe your research and calls are the best I have ever seen in my career." With McWilliams' impressive track record and unparalleled industry access, NI Technology Research has become an essential tool for analysts and investors looking to navigate today's complex technology landscape.
Next Inning is known for helping its readers generate strong returns, and no one has been more accurate than McWilliams when it comes to Apple.
Nearly a decade ago, McWilliams advised readers that Apple was positioned to win big when it was trading for less than $10 per share (split adjusted). While many analysts turned negative on Apple when Steve Jobs died, McWilliams maintained his strongly bullish opinion. However, as Apple was hitting record highs in 2012, he advised Next Inning readers to sell.
Apple fell to close Q2 below $400 before recovering ahead of this week's earnings report. In a new, detailed report covering Apple's latest quarterly results, McWilliams outlines why Apple reported an upside to analysts' expectations, and what really drove the stronger-than-expected iPhone sales.
To get ahead of the Wall Street curve and receive Next Inning's Q2 2013 State of Tech report, as well as McWilliams' upcoming Q2 2013 earnings preview, you are invited to take a free, 21-day, no obligation trial with Next Inning. For full details on this offer, please visit the following link:
-- While the market focused on encouraging year-over-year comparisons in Apple's latest earnings report, should investors be concerned about a sequential slowdown in the numbers?
-- Are there reasons to believe Apple's CEO, Tim Cook will in fact pull a rabbit from his hat this fall when Apple begins announcing new products, or as McWilliams cautioned, "there is no evidence yet that Cook even owns a hat"?
-- Should investors view Apple's latest run higher as a return to its glory days as a mega-growth stock or merely as a "relief rally?" What data did McWilliams uncover in the details that leads him to believe it is the latter?
-- Not widely known are the sweetheart deals Apple has struck with both domestic and international wireless carriers and how these deals drive iPhone sales. Could Apple's strong iPhone sales be attributable to these deals more than it is to the cache of its brand? Does McWilliams think Apple will be able to negotiate deals like these that will guarantee it preferential treatment from carriers going forward or will Apple soon be forced to compete on a more level playing field?
Founded in September 2002, Next Inning's model portfolio has returned 303% since its inception versus 86% for the S&P 500.
About Next Inning:
Next Inning is a subscription-based investment newsletter that provides regular coverage on more than 150 technology and semiconductor stocks. Subscribers receive intra-day analysis, commentary and recommendations, as well as access to monthly semiconductor sales analysis, regular Special Reports, and the Next Inning model portfolio. Editor Paul McWilliams is a 30+ year semiconductor industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin, Next Inning Technology Research, +1-888-278-5515
July 24 - Merck & Co on Wednesday said U.S. regulators had accepted its marketing application for the blood clot drug vorapaxar, aimed at preventing heart attacks and strokes in patients who have already had a heart attack but who have no history of stroke.
The experimental drug, acquired by Merck through its 2009 acquisition of rival U.S. drugmaker Schering-Plough Corp, was once considered a potential blockbuster product.
But its prospects wilted in 2011 when a safety committee overseeing a 26,000-patient study, called TRA-2P, said the new type of anti-platelet drug was not appropriate for patients who had already suffered a stroke because the drug raised bleeding risk.
Merck was allowed to press ahead with the trial, one of the largest heart-drug studies ever conducted, among patients who were in stable condition after having heart attacks or being diagnosed with clogged leg arteries. Patients who had suffered strokes were excluded from the trial.
The study's aim was to see if vorapaxar could prevent heart attacks and stroke in that more-limited patient population, and whether it could do so safely, given the drug's established bleeding risk.
Merck in March 2012 declined to comment on whether it would seek approval of vorapaxar, given the mixed results of the trial and the drug's failure in a separate earlier study called TRACER.
Although Merck has continued to express confidence in vorapaxar, some analysts have cautioned that even if approved, it would likely be used by a limited number of patients because of the bleeding risk.
(Reporting by Ransdell Pierson; Editing by John Wallace)
Jake Ashline?s bases-loaded walk with two outs in the sixth capped a 5-4 comeback win for Hudson Post 100 (13-5) at Zone 5B leader Medford on Saturday.
"This was a big win for us. We?ve struggled lately, to beat Medford definitely helps," said manager Blair Brisette, whose team controls its own playoff destiny with two games remaining.
Hudson trailed 4-3 after three innings, but Kevin Connelly hit an RBI double to score Jake Wardwell with no outs in the top of the fifth to tie the game before Ashline?s walk forced in Steve Rivela.
Post 100 got quality relief from Nick Borsari, who entered the game with two on and no out in the fifth inning and Post 100 already trailing 4-3. Borsari allowed just one hit and struck out four in thee innings for the win.
Wardwell finished 2-for-4 with two runs scored, while Ashline went 3-for-3 with a double and a run scored. Keith Diedrich went 3-for-4 with a double.
CHELMSFORD 7, NATICK 6 (12 INN.): Mike Abbruzzese?s two-RBI triple with two outs in the sixth forced extra innings, but Natick Post 107 (4-13) was outlasted by host Chelmsford.
Post 107 trailed 6-4 with two outs in the seventh before the triple by Abbruzzese, who finished 3-for-5 with three RBI. Jared Abbruzzese went 2-for-5 with a triple, and also pitched the last two innings. Adam Mooney went 2-for-5 with a double and an RBI.
Natick led 4-3 entering the sixth inning before Chelmsford rallied for three runs in the bottom of the frame, two of them unearned. Tosh Campbell started the game, with Brady Furdon coming in relief for the sixth through 10th innings.
SUDBURY 7, MALDEN 1: Marcus Otis threw five shutout innings and Andrew DellaVolpe had two RBIs as Sudbury rolled over Malden.
Sam Miller had two hits including a double for Sudbury (16-1), which has three games left including Sunday?s game against Reading.
SriLankan Airlines received a special award of appreciation at the World Travel Awards 2013 Indian Ocean ceremony held recently at the Paradise Island Resort & Spa in the Maldives.
The award is in recognition of its services to South Asia?s tourism and hospitality industry.
Dubbed as the Oscars of the travel industry, the World Travel Awards celebrated its 20th anniversary this year and is acknowledged across the globe as the ultimate travel accolade, celebrating those brands that are pushing the boundaries of industry excellence in product and service.
SriLankan Airlines flies to Maldives 36 times a week, facilitating both business and leisure travel sectors.
Saminda Perera, SriLankan Airlines? regional manager for Sri Lanka and Maldives, said: ?We consider it a great privilege to be recognized as a pioneer in South Asia?s travel and hospitality industry.?
Perera said: ?As an airline it is our duty to provide our passengers with convenient connections across the globe and an award of this nature is evidence that we have surpassed expectations and made a significant contribution to tourism in the Maldives. This will certainly serve as an inspiration to expand our connectivity and role in time to come.?
Graham E Cooke, president and founder, World Travel Awards, said: ?The Indian Ocean continues to serve as an example of a responsible eco-tourism region while offering the most unique hospitality products and services. It strives to set the highest possible bar to raise the standards of excellence in travel and tourism and it has been an honor to hold the first ever Indian Ocean World Travel Awards here.?
Currently, SriLankan Airlines flies to seven Indian destinations, operating 28 flights a week to Chennai, double daily flights to Thiruchi and Kochi, and daily flights to Thiruvanathapuram, Mumbai, Bangalore and Delhi.
It also operates seven flights a week to Karachi and codeshares with its sister airline Mihin Lanka to facilitate the passengers bound to Bodh Gaya, Varanasi and Dhaka.
LOUISVILLE, Ky. (News Release) -- The University of Louisville?s 2013 NCAA national championship men?s basketball team will visit the White House in Washington, D.C. on Tuesday, July 23, White House officials announced on Tuesday. ? UofL Coach Rick Pitino and the Cardinals will be honored by President Barack Obama at 2:05 p.m. ET at the Rose Garden of the White House. ? ?It is truly one of the unique experiences in a young man?s life to go to the White House and meet the President of the United States,? said Pitino.? ?It?s not only a great honor, but our team will always remember that they got a chance to visit the White House, understand the logistics of how everything works and then meeting the President.? It?s something they will always cherish and someday tell their children.? ? Following the White House visit, the team will also tour the Capitol and visit with U.S. Senator Mitch McConnell and others before returning to Louisville. ? The Cardinals (35-5) won the 2013 NCAA Championship as well as the BIG EAST tournament title and regular season co-championship. It was Louisville?s third NCAA title (also 1980, 1986), its first in 27 years, and was the Cardinals? 10th Final Four appearance and second straight. Louisville closed the season with 16 straight victories as the Cardinals won a school-record 35 games. ? Previous UofL men?s basketball teams have visited the White House following national championships in 1980, when Jimmy Carter served as President, and in 1986, when President Ronald Reagan held the nation?s top position in the White House. ? ?
