Apple has been gaining market share, and has moved up a few spots on the most profitable company list. With this news I am proud to say the Apple has taken the top spot on the online music retailers list. With all of these achievements Apple has a lot of extra cash, and they have already made some plans on spending it.
Here are a few more stats regarding their pocket book.
$5.26 billion revenue, $770 Million Profit ($.87 per diluted share)
AppleTV formally announced, shipped
iPhone Announced (no income from iPhone until late 3Q 2007)
Multi-Colored iPod Shuffle Released
Quiet update to Xserve RAID (capacity update)
2Q 2008 Highlights
Apple’s Guidance: $6.8 billion revenue, $.94 per diluted share profit
Street Expectations: $6.9 billion revenue, $1.07 profit per share
AppleTV Take 2 + Movie Rentals
MacBook Air Introduction
iTunes climbs sales ranks (#2, #1 just after close of quarter)
Penryn based MacBook Pros with Multitouch trackpad
Current 3Q 2008 News/Rumors
iPhone/iPod Touch Software 2.0 (June)
Rumor: iMac, Mac Mini Penryn Updates
Rumor: 3G iPhone in June
Rumor: MacBook, MacBook Pro Design Changes with Montevina (June)
They have all this money they are looking to spend it. Yesterday Apple announced their plans in buying a chip manufacture, P.A. Semi for a whopping $278 Million (with a M).
The plan is to own a company that can produce the chip for the iPhone. This will benefit Apples pocket book, and allow them to start using chips in the iPhone with the features they dictate, instead of what manufacturer has planned. This will help to secure their place in the smart phone market even more, and hopefully prove my buddy Jeff wrong. My car needs a wash bad!!!!
Hey Steve how about back dating some stock for me huh????
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