Shares in Nike slipped 2.4 percent after the largest global player in the athletic shoe and clothing market said fourth quarter revenue missed analysts goal.The company, which is making a big splash at the World Cup soccer championships in South Africa, added that currency volatility and input cost inflation would put pressure on sales and earnings in its fiscal year ending May 2011.stronger dollar and rising costs for product components such as oil, labor and freight will put significant pressure on gross margins, Nike Chief Financial Officer Don Blair told analysts on a conference call.Nike said it now expects fiscal 2011 revenue, excluding the impact of currency exchange, to grow at a high single digit rate. It sees low double digit growth for the current first quarter.Fourth quarter net profit rose to $521.9 million, or $1.06 per share, for the fiscal fourth quarter ended May 31, from $341.4 million, or 70 cents per share, a year earlier.Revenue increased almost 8 percent to $5.08 billion, but fell short of analysts sales target of $5.15 billion, according to Thomson Reuters I/B/E/S. Excluding currency fluctuations, revenue rose 4 percent, Nike said.By region, revenue in Nike largest market of North America increased 4 percent to $1.8 billion.
Yet interdependence creates synergy, where results are 50 times more effective than working separately. Imagine a small company, a team of two, that can generate enough revenue to support 100 employees. That’s profitability. We need to consider these points carefully because there broad agreement among tech futurists that augmented reality is the tech that replaces the smartphone. That take around a decade, but by 2030 we can expect most of us to be wearing these amazing reality blending sunnies most of the time. We all be in our own little worlds, seeing the things that matter the most to us.
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