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SAN FRANCISCO, April 20 (Xinhua) -- Apple Inc. on Wednesday reported record second fiscal quarter results that blow out analysts'expectations, citing strong demands for its products.For its fiscal 2011 second quarter ended on March 26, Apple posted net income of 5.99 billion U.S dollars or 6.4 dollars per share, compared with 3.07 billion, or 3.33 dollars per share a year ago. Its revenue reached 24.67 billion dollars, compare with 13.5 billion in the same period a year earlier.Analysts polled by Thomson Reuters gave an average estimate of 5.35 dollars earning per share on revenue of 23.3 billion."With quarterly revenue growth of 83 percent and profit growth of 95 percent, we're firing on all cylinders," said Steve Jobs, Apple's CEO. "We will continue to innovate on all fronts throughout the remainder of the year."As the most valuable business for the company, Apple sold 18.65 million iPhones in the second quarter, representing 113 percent unit growth over the year-ago quarter. In February, Apple announced that iPhone4 would come on Verizon network, enabling it to attract some 90 million Verizon subscribers to adopt the popular smartphone.The company sold 3.76 million Macs during the quarter, a 28 percent increase over the year-ago quarter, and 9.02 million iPods during the quarter, representing a 17 percent unit decline from the year-ago quarter.The company also sold 4.69 million iPads during the quarter, which is below analysts' projection. Analysts said Apple could have sold more tablets without supply constraints.Wall Street analysts estimated sales of iPad to reach about 6 million in the fiscal second quarter, alongside about 16 million iPhones and 3-4 million Macs.Apple also reported a gross margin of 41.4 percent compared to 41.7 percent in the year-ago quarter. Analyst said the decline of Apple's gross margins can be attributed to two reasons. One reason is the introduction of iPad in 2010 as it is a lower gross margin product than the iPhone. The other is the decline of iPhone margins over years.Supply chain related issues have been analysts' concern in the past quarter as Apple indicated in the Q1 earnings conference call that it could have sold more iPhones and faced some supply related issues. Meanwhile, the Japanese earthquake created more supply related issues for the company as its Japanese suppliers Mitsubishi Gas Chemical and Toshiba are both temporarily shut down to assess damage from the natural disaster.For the third fiscal quarter, Apple CFO Peter Oppenheimer gave an estimated revenue of about 23 billion and profit of 5.03 dollars per share.
BOSTON, the United States, April 9 (Xinhua) -- China's clean energy market offers huge business opportunities, experts said at the Harvard China Forum here Saturday.In a panel discussion on clean energy, experts who have been keeping a close eye on China's renewable sectors evaluated its market size, development level and current challenges."No matter it comes to wind, solar or any other type of clean energy, the market capability in China is enormous," Peter Evans, GE Energy's global strategy and planning director said.Evans said he believed China has the need to develop all kinds of energy in order to meet its ever-growing appetite for energy, especially against the background of high oil price, which just surged to nearly 113 U.S. dollars a barrel.He also said China now has the capital needed to develop clean energy but lacked the technology, although that would not be a problem since "every abroad company related to clean energy wants to go to China and to grab something."Gong Li, chairman of Accenture Greater China, said that for a better development of China's renewable sectors, sustainable policy support is needed.On current challenges, Li said one big problem is the lack of network to turn clean energy into electricity. "Renewable energy such as solar and wind is intermediate energy that needs to be transmitted to the power grid, or else it will be garbage energy," Li said.
PYONGYANG, Feb. 14 (Xinhua) -- Kim Yong Nam, president of the Presidium of the Supreme People's Assembly of the Democratic People's Republic of Korea (DPRK), met Chinese Minister of Public Security Meng Jianzhu here on Monday.Kim said it was the consistent stand of the Worker's Party of Korea (WPK) and the government and the firm will of the people to develop the traditional DPRK-China friendship generation after generation.The DPRK is sincerely happy to see the great achievement China has made and wish that the Chinese people make even more progress, Kim said.Meng, also a State Councilor, said the traditional friendship between the two neighboring countries has strengthened through the ages. He expressed his expectations of inheriting the friendship, deepening communications and cooperation in various areas and promoting the China-DPRK friendship.Ri Yong Ho, Presidium of Political Bureau of Central Committee of WPK and chief of the Korean People's Army General Staff, also met Meng on the same day.Ju Sang Song, a member of the Political Bureau of Central Committee of the WPK and Minister of People's Security, met Meng on Sunday. The two achieved consensus on making more efforts to develop cooperation and communications on public security to make active contributions to the traditional China-DPRK friendship. An agreement on cooperation between the the two security ministries was signed after the meeting.Meng arrived at Pyongyang on Sunday at the invitation of Ju Sang Song.
UNITED NATIONS, April 7 (Xinhua) -- To celebrate the 50th anniversary of the first human space flight, accomplished on April 12, 1961 by Soviet cosmonaut Yuri Gagarin, the Russian Permanent Mission to the United Nations, the Russian Federal Space Agency and the ITAR-TASS information agency organized an exhibition which was opened here on Thursday."The first human space flight is not one of the most significant events of the past century, but of human history in general," Vitaly Churkin, the Russian permanent representative to the UN, said at the opening ceremony."It's a symbol of courage, thirst for knowledge, and progress," Churkin said.The exhibition contained archival photos telling the story of the first human space flight and of those who made it possible, and historic pictures of Gagarin.As part of the celebration of human space flight's 50th anniversary the UN Postal Administration designed postal stamps which will be issued on April 12, to tell the story of progress that humankind has made beyond earth's boundaries, as Kiyo Akasaka, Under-Secretary-General for Communications and Public Information put it."Fifty years have passed since that amazing voyage, but the legend of Gagarin's courage and journey to the 'final frontier' continues to be a source of inspiration for space exploration for peoples and nations around the world," Akasaka said at the opening of the exhibition.According to Akasaka, the exhibition "sparks people's imagination about what is possible through the peaceful use and exploration of outer space."Other attendees included Russian cosmonaut Oleg Kotov.Gagarin, also known as the Columbus of the Cosmos, traveled into outer space on the height of the Cold War when the Berlin Wall was built, at a moment when it was hardly impossible to imagine that more than 15 nations would work together in humanity' s permanent space outpost -- the International Space Station.The Russian icon of space spoke the historic words "the earth is blue, how wonderful. It is amazing."On Thursday the UN General Assembly adopted a resolution declaring April 12 as the International Day of Human Space Flight.
SAN FRANCISCO, March 30 (Xinhua) -- History records showed it was not often that large earthquakes caused immediate large volcano eruptions, a geophysicist told Xinhua on Wednesday while talking about whether the recent massive quake in Japan could trigger volcano eruptions.Inevitably, the shaking and changes in the state of stress in the crust could cause some changes in some of active volcanoes closest to the March 11 quake zone in Japan, said Dr. Jian Lin, senior scientist and geophysicist at the Woods Hole Oceanographic Institution in the United States.However, only if a particular volcano was already in a stage of magmatic inflation, a situation close to eruption, would the shaking make a major difference, he noted.Lin is currently visiting the U.S. Geological Survey's earthquake research center in Menlo Park, California to study the March 11 Japan earthquake.Compared with the cases that earthquake triggered volcano eruptions in the past, Lin said, most of active volcanoes in Japan are located somewhat farther away from the March 11 earthquake rupture zones. "The farther away, the less direct effect," he noted.Therefore, "the most important thing is to closely monitor all the active volcanoes in Japan," he said.There are only two well-documented cases of significant volcano eruptions that were apparently triggered by large earthquakes, he said.On Nov. 29, 1975, the Kilauea Volcano in the Hawaiian Islands had a small and short-lived eruption immediately after a magnitude- 7.2 quake hit the Big Island of Hawaii near the volcano, which was probably the best scientifically documented case so far of a volcano eruption triggered by a large earthquake.Records showed that the Kilauea Volvano was already in a stage of inflation before the quake. Meanwhile, the quake was right next to the volcano, which triggered the following eruption.Another case is 1960 Chile earthquake-volcano pair, in which a magnitude-9.5 earthquake, the largest ever recorded by instruments, could have triggered the Puyehue-Cordon Caulle Volcanic Complex ( PCCVC) into a violent eruption within 38 hours. The CCVC had been inactive for 25 years before the quake.Lin pointed out that like the Kilauea case, the earthquake rupture zone in the Chilean quake was again quite close to the volcanic group. However, little scientific monitoring data had been got for the PCCVC before its eruption as it is in a remote area in Chile.In recent years, scientists have observed that large earthquakes from long distance could trigger swarms of small earthquakes in active hydrothermal systems of volcanic regions, he said, noting that "these small earthquake swarms like these are not the same as volcano eruption."Lin added that the relationship between large volcano eruption and large earthquakes is still a poorly studied subject since scientific record is very short and many of large eruptions in the geological history were poorly documented."Therefore, we still know quite little about this subject," he said.