More Videos:

Apple, Qualcomm, Concur Tech: Tech Winners & Losers

Tickers in this article: CNQR QCOM AAPL

NEW YORK (TheStreet) -- Apple(AAPL) shares continued to slide, falling 2.34% to $544.97 following news the iPhone 4S was surpassed by a competitor.

Samsung's Galaxy S III surpassed the top selling Apple phone in August, selling 18 million units to a reported 16.2 million units for the iPhone 4S, according to Strategy Analytics. Apple launched the iPhone 5 in late September and reportedly sold 6 million units prior to the end of the third quarter.

Apple said it sold 26.9 million iPhones overall during the quarter, a 58% year-over-year hike.

Though Apple has been in the doldrums lately, one of its suppliers is doing exceptionally well, as Qualcomm(QCOM) reported better-than-expected earnings.

The San Diego-based company reported earnings of 89 cents a share on $4.87 billion in revenue for its fiscal fourth quarter, up 18% year-over-year and 5% sequentially. Analysts polled by Thomson Reuters expected the chip maker to earn 82 cents per share on $4.66 billion in revenue.

Qualcomm also said it expects a strong first quarter, as smartphone demand, particularly at the high-end, continues to be strong. The company anticipates revenue of between $5.6 billion and $6.1 billion, with non-GAAP earnings ranging from $1.08 to $1.16 per share. Analysts surveyed by Thomson Reuters are currently looking for revenue of $5.295 billion and earnings of $1 a share.

Shares were rising 4.97% to $61.01 in mid-day trading.

Concur Technologies(CNQR) fell sharply, losing 4.96% to $61.74, after the company reported mixed quarterly results.

The hosting software company earned 40 cents per share on $118 million in sales during its fiscal fourth quarter. Wall Street analysts were looking for 25 cents per share on revenue of $119 million.

Concur gave mixed first-quarter guidance. It sees earnings per share of 30 cents on revenue of about $121.7 million. Wall Street analysts are looking for 25 cents per share on $125.6 million.

Shares have rebounded from earlier in the session though when they traded as low as $57.70.

Interested in more on Concur Technologies? See TheStreet Ratings' report card for this stock.

--Written by Chris Ciaccia in New York

>Contact by Email.

Usage of this site is governed by TheStreet's Terms of Use available here. Information collected on this site may be collected by TheStreet and OC Register. TheStreet's use of information collected on this site will be governed by TheStreet's privacy policy available here. OC Register's use of information collected on this site will be governed by OC Register's privacy policy available here. If either TheStreet's or OC Register's privacy policy have provisions that are more restrictive than the provisions of the other party's privacy policy, such more restrictive provisions shall not apply to such other party.

Copyright © 2012 Orange County Register Communications. All Rights Reserved.
Site Help | Site Map