BREAKING NEWS

BREAKING NEWS

Briefly

Robert Henry

Robert Henry

Con Edison Names Director

Robert (Jason) Henry will move from supply chain director to a temporary position as utility shared services strategic initiatives director.

Henry joined Con Edison in 2010 as supply chain director. In his current role, he is responsible for managing the procurement of class-and-stock materials, transmission and distribution equipment and construction contract services. He oversees approximately $1.6 billion in annual spending.

Henry also has responsibility for materials management ensuring adequate inventory levels, including the company’s cross-dock program. Before joining Con Edison, Henry worked for the New York City Department of Education in various roles including long-term financial planning for the $20 billion organization, as well as procurement transformation in areas ranging from IT to school food services and transportation. Henry also served in policy development and advocacy roles in the New York State Legislature and a private lobbying firm.

He is a strategic thinker known for his ability to challenge the status quo and identify opportunities to drive efficiencies and improve operational effectiveness. Henry has a Bachelor of Arts degree in political science from Marist College. He is a graduate of Business Academy XVIII.

Henry is the son of Ruth and the late Robert (Bob) Henry of Randolph.

Apple Tops Street 1Q Forecasts

CUPERTINO, Calif. — Apple Inc. (AAPL) on Thursday reported fiscal first-quarter profit of $20.07 billion.

On a per-share basis, the Cupertino, California-based company said it had net income of $3.89.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.82 per share.

The maker of iPhones, iPads and other products posted revenue of $88.29 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $86.29 billion.

For the current quarter ending in April, Apple said it expects revenue in the range of $60 billion to $62 billion. Analysts surveyed by Zacks had expected revenue of $65.44 billion.

Apple shares have dropped roughly 1 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 5.5 percent. In the final minutes of trading on Thursday, shares hit $167.78, an increase of 30 percent in the last 12 months.

Apple Has A Case Of iPhone Jitters

SAN FRANCISCO — Apple is making more money than ever, but it doesn’t seem to be enough. Not with conspiracy theories swirling around Apple’s secret slowdown of older iPhones while a cloud of uncertainty looms over its high-priced iPhone X.

It’s a reality check for a company accustomed to an unflinchingly loyal customer base. Apple expected buyers to embrace the iPhone X as a revolutionary device worth its $1,000 price.

But it appears many Apple fans aren’t impressed enough with the iPhone X to ante up. Many are instead opting for other recently released models selling for $200 to $300 less.

And consumers disillusioned by the slowdown of older devices may be even less inclined to upgrade now. Apple is replacing old batteries for just $29, which should obviate the slowing.

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