Apple Inc. (NASDAQ:AAPL) is ready for Valentine’s Day. The Cupertino-based tech giant gave their online store a design update with red flourishes and a “Top Valentine’s Gifts” section.
Apple kicks off the Valentine shopping season with gift guide
The notable promotions mentioned on the website include a “Love is in the Air” graphic advertising the iPad Air and iPad Mini with Retina display. To the right, there is a section titled “Gifts they’ll love at first sight”. A click on this graphic will lead to top Valentine’s gifts. Notable gifts in this section include iPad Air Smart Case (PRODUCT RED), iPhone 5S Case (PRODUCT RED), Nike + Fuel Band SE, Michael Michael Kors Clutch for iPad Mini, Puma Soundchuck Bluetooth Speaker, and more.
Although Apple Inc. (NASDAQ:AAPL) doesn’t sell typical romantic Valentine’s Day gifts like jewelry or chocolates, the company does sell gifts that are sure to put a smile on anyone’s face.
Apple faces issues
In other Apple-related news, CNET recently reported Apple Inc. (NASDAQ:AAPL)’s record first quarter sales and why Wall Street is not satisfied. Shara Tibken elaborates, “The Cupertino, Calif., electronics giant said it sold a record 51 million iPhones, but analysts had expected 55 million. Apple also sold a record 26 million iPads, better than analysts’ estimates for 25 million, and Mac sales of 4.8 million topped the Street view for 4.6 million. For its next quarter, which runs through March, Apple Inc. (NASDAQ:AAPL) expects to generate $42 billion to $44 billion in sales, with a gross margin between 37 percent and 38 percent. The revenue is lower than the $46 billion Wall Street expected ahead of the report. Analysts also expected a gross margin of 37.3 percent.”
It was most likely the relatively muted guidance that made Apple Inc. (NASDAQ:AAPL)’s stock go down 8.2% during after hours trading. Peter Oppenheimer (chief financial officer) attributed the fall to four factors including channel inventory, a stronger United States dollar, lower iPod sales, and revenue deferrals.