savings account. apple shareholders need good news. the stock down 30% the past year. apple shares up slightly in the premarket. its profits slipped a little bit, but it s still selling a lot of devices, 37.4 million iphones during three months. that averages out to 288 iphones every single minute for three months straight. apple sold 20 million ipads. but people aren t buying as many of the latest, most expensive models. they re choosing the cheaper versions like the iphone 4s, the ipad mini, and that s one reason why the stock is down because they make more money on the higher end, newer products. absolutely. most people who do buy apple, they have to have the latest and greatest. i guess the frietrend is kind o changing. people are strapped, and they re a little more frugal. that stock is up in the premark premarket. i ll watch it for you this morning. coming up, how these veterans from iraq and afghanistan are bringing much,
i want to talk about apple, they reported late earnings yesterday. the first profit drop in about a decade. people want to know if new products are coming or whether this company is, dare i say, on the decline? on the decline. they sold 37.4 million ipads iphones, 19.4 million ipads. over $43 billion worth of revenue in the quarter. i don t know how much on the decline this company is yet, plus they re handing back about $100 billion in renewed program to get the investors happy again, on the back of what has been a declining share price. yes, things are tougher than it has been at apple for a long time, but they re still making money hand over fist. enormous cash flow and upping the returning to shareholders. it s not all doom and gloom over at apple. thanks, steve sedgwick live for us in london. also want to talk about what s going on in the skies. no relief in sight as the
for change, are you choosing sides in political campaigns? we do not. there s a primary going on today in chicago. if you had a choice, would you be running this against an identifying campaign? now that the supreme court has come out with a new rule, would you use this to your advantage? we don t run political ads against specific campaigns at this point. at this point. would that change? i m not sure. not sure. we ll have to see what we think needs to be done to make real change. this is a chart showing finance, insurance and real estate sector. lobbying in 2009. send highest ever. $437.4 million has been spent. astounding. it really is. there s not a whole lot you know, we re never the unemployed people in this country are never going to have the money to go up against that. all they ve got really is the fact that they re right.
more shares than not original filing, adding 157.4 million shares and we are talking now a total of 337.4 million shares being offered at a range $28 to $35 a share and the offering at that level could raise for the company, $6.3 billion and that would be at the top end. that would also give facebook a market capital of $75 billion. so, other notes about zuckerberg the founder. he is going to hold 57.3 percent of the voting power after this offering takes place. he also is offering and selling over 30 million shares in the initial public offering. some of that is a unusual, and the shares will be priced the