Apple sales calm CEO worries – answers
correct the sentences
- Steve Jobs is taking an extended holiday. he has take leave of absence on medical grounds
- It is not a good time for him to be away from the company. The company (Apple) is in a very strong position so it is probably not a bad time
- The recent annual results were well above expectations. these were quarterly results not annual
- 70 million iPads and 60 million iPhones were sold in the last 3 months. 7.3 million and 16million respectively
- The man interviewed thinks that the handset market will not grow enough to give Apple the growth they need. he thinks it will grow enough
- The Smart phone market should grow at 20% per year from 2014. it should grow that much from now to 2014 (i.e. through 2014)
- Goldman Sachs is inviting US investors to join its private investment in Facebook. The bank is blocking US investors – as there are legal issues around the disclosure of financials in the US
- Citibank only made profits in the fourth quarter this year. They made profits in every quarter – the whole year
- The Bank had more loan losses than in the past. it had fewer which helped it’s financial position
- European stocks fell for the 28th month. they rose to the highest level in more than 28 months