Apple Inc. v. Samsung Electronics Co. Ltd. et al

Filing 88

Declaration of Jason Bartlett in Support of #86 MOTION for Preliminary Injunction filed byApple Inc.. (Attachments: #1 Exhibit 1, #2 Exhibit 2, #3 Exhibit 3, #4 Exhibit 4, #5 Exhibit 5, #6 Exhibit 6, #7 Exhibit 7, #8 Exhibit 8, #9 Exhibit 9, #10 Exhibit 10, #11 Exhibit 11, #12 Exhibit 12, #13 Exhibit 13, #14 Exhibit 14, #15 Exhibit 15, #16 Exhibit 16, #17 Exhibit 17, #18 Exhibit 18, #19 Exhibit 19, #20 Exhibit 20, #21 Errata 21, #22 Exhibit 22, #23 Exhibit 23, #24 Exhibit 24, #25 Exhibit 25, #26 Exhibit 26, #27 Exhibit 27, #28 Exhibit 28, #29 Exhibit 29, #30 Exhibit 30, #31 Exhibit 31, #32 Exhibit 32, #33 Exhibit 33, #34 Exhibit 34, #35 Exhibit 35, #36 Exhibit 36, #37 Exhibit 37, #38 Exhibit 38, #39 Exhibit 39, #40 Exhibit 40, #41 Exhibit 41, #42 Exhibit 42, #43 Exhibit 43, #44 Errata 44, #45 Exhibit 45, #46 Exhibit 46, #47 Exhibit 47)(Related document(s) #86 ) (Bartlett, Jason) (Filed on 7/1/2011)

Exhibit 14

Apple shares rise 6% as Mac, iPod and iPhone drive earnings - MarketWatch

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Sells 270,000 iPhones in less than two days of quarter; shares jump
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By Rex Crum, MarketWatch

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SAN FRANCISCO (MarketWatch) -- Apple Inc. shares climbed more than 6%
Thursday on upbeat reaction to the company reporting a 73% increase in its fiscal
third-quarter profit due to growing sales of its flagship Macintosh computers and
iPods.
Additionally, Apple reported a strong initial weekend for its highly anticipated iPhone, with
shipments of 270,000 units in less than two days of sales.
Apple AAPL +0.42% rose $8.74 a share to close at $146 after saying late Wednesday that it
earned $818 million, or 92 cents a share for the quarter ended June 30, compared with $472
million, or 54 cents, in the year-earlier period.
Revenue advanced 24% to $5.41 billion from $4.37 billion. Gross margins widened to 36.9%
from 30.3%.
The results topped the estimates of analysts surveyed by Thomson Financial, who expected
Apple to earn 72 cents a share on $5.29 billion in sales.
"[The] major business lines were strong, and we see multiple catalysts that will drive growth
in the second half of 2007," Deutsche Bank analyst Chris Whitmore said. He expects new
iPods and Mac computers to be released later this year.
Whitmore also raised his price target on Apple's stock to $200 a share from $140 a share
and left his buy rating unchanged.

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AAPL 335.44, +1.40, +0.42%
AAPL

Much of the credit for Apple's results was given to its resurgent line of Macintosh PCs.

Markets

http://www.marketwatch.com/story/apple-shares-rise-6-as-mac-ipod-and-iphone-drive-ear... 6/30/2011

Apple shares rise 6% as Mac, iPod and iPhone drive earnings - MarketWatch

Apple sold 1.76 million Macintosh computers during the quarter, a record for Mac sales in
one quarter and up 33% from the year-earlier period. Mac sales included 1.13 million
MacBook and MacBook Pro notebook PCs and 634,000 desktop Macs.
Analyst Andy Hargreaves of Pacific Crest Securities said several factors, such as "back-toschool sales, expanded distribution and a likely refresh of the iMac product lineup," should
help Mac sales rise about 30% in the current quarter. Hargreaves rates Apple's stock buy;
he raised his price target to $175 a share from $130.
IPod sales climbed 21% from a year ago to 9.8 million units.
"The quarter was really strong," said Shaw Wu, an analyst with American Technology
Research. "Mac sales, in particular, were better than expected, and the iPod also had a
strong quarter." Wu holds a buy rating and $165 share-price target on Apple.
Calling in profit
Additionally, Apple said it sold 270,000 iPhones during the one-and-a-half days the devices
were on sale during the quarter.

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