Apple earnings....what does the future hold?
by cnet.aaron - 7/21/09 4:05 PM
Apple shipped 2.6 million Macs in the quarter and it sold 5.2 million iPhones. iPod sales were down seven percent to 10.2 million. Gross margin was 36.3 percent, up 34.8 percent year-over-year, and international sales accounted for 44 percent of revenue during the period. For its fourth quarter, Apple expects to earn $1.18 to $1.23 per share on revenue of $8.7 billion to $8.9 billion.
?We?re making our most innovative products ever and our customers are responding,? Apple CEO Steve Jobs said in a statement. ?We?re thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year.?
In all seriousness, I see a day in 3-4 years when Apple controls 50% of the smartphone market. That would mean some serious computing power in the hands of the masses, and one beloved company at the helm. When you throw in the iPods that will soon add cameras and mics, the number skyrockets.
If anyone ever thought Apple didn't learn from the mistakes of the 80s and 90s, they haven't been paying attention. What do y'all think?