Yesterday Apple posted record earnings. The fact that the company just posted its best quarter ever was pretty big news, but the circumstances surrounding that quarter made it even more impressive. Earlier this morning we received comment from analyst firm TechMarketView on the subject, and here's what chairman Richard Holway had to say about Apple's report:
It is difficult to find the right words to describe Apple's wonderous Q4results last night as they blew expectations out of the water. Profits up 47% at $1.67b is one thing but a 25% rise in revenues to $9.87b in one of the worst consumer recessions on record, is quite another
Holway also noted that the continuing strong sales for the iPhone and iPod lines were helping to boost Mac sales, as could the release of Windows 7 (the reasoning being that a release could spur users to go shopping for a new computer, and possibly end up tipping more to purchase a Mac).
Additionally, the iPhone is making headway in the enterprise market, news which Holway thinks could spell trouble for RIM and the BlackBerry.
Microsoft receives a 30 per cent cut of all purchases on the Xbox digital store
Credit card thieves used Apple ID accounts to buy and sell virtual currency for Clash of Clans and Clash Royale and Marvel Contest of Champions
$5.1bn fine further evidence that the EU is anti-US, claims Trump
New cable will connect Virginia to France