Despite a continued global recession, Apple crushed their Q3 earnings last night, mainly due to extremely high iPhone and Mac shipments.
Overall, iPhone sales rose 7 percent and Mac shipments rose 17 percent for the quarter. Profit jumped to $1.67 billion USD, the company's most profitable ever. In response, the stock pushed over $200 a share for the first time since 2007.
Year-to-date ... [ read the full article ]
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I hate them too for what they do to their customers but I keep an opened mind. They treat them livestock to be eaten when they get hungry. That will not prevent me from buying a product of theirs that best fits my needs. I take my hat off to them. Their earnings are from seeing possibilities then making them happen.
DVDBack23, that is like the cow asking the farmer to be spared. Apple knows people are lazy. They make it hard not to buy from them. They see you are cattle not customers and apparently that vision pays off.
I will probably buy an iphone one day but would never buy any other Apple music playing device, even though my Nano has lasted 4 hrs of very heavy use. I have actuall work hardened the wires for 3 pairs of ears buds. I wouldn't concider buying anything but a Sansa for portable music. They are superior in every way that counts for me and are half the price.
So much for expectations. Apple blew past them all! Despite how our economy goes, Apple still managed to do well in the market. The skyrocketing in Apple earnings is directly linked to the sale of iPhones, as it is far and away the most popular product. The sales for iPods have begun to drop, although Mac sales are still pretty strong, which is surprising considering the popularity of netbooks over traditional laptops and desktops. It's been one of the few huge corporations that haven't run home to the government for a bailout ? though they aren't without critics. Still ? the Apple earnings of the last year make it obvious that many consumers are still willing to get instant cash loans for Apple products.
