The story continues to be the same for Apple Inc. Although expectations for the Cupertino computer and digital device company are higher than ever, the company continues to exceed estimates quarter after quarter and year after year. Today, after NASDAQ market close, Apple announced fiscal earnings of $7 billion, with more than $1 billion in profits. In the quarter, Apple increased iPod sales by 50% over the previous year, to 21 million, and 1.6 million Macs, up 28% year over year.Apple has come an amazingly long way from the mid-90's squalor that had some expecting they simply wouldn't make it. It's even more amazing to realize that this tremendous growth from the company's base products comes in advance of their recently announced iPhone and Apple TV products, which wasn't lost on the company's CEO, Steve Jobs, in today's press release.
"We've just kicked off what is going to be a very strong new product year for Apple by launching Apple TV and the revolutionary iPhone."
Apple's growth looks like it is in no danger of slowing. Through unique innovation and aggressive marketing, Apple has forged a place for itself in the marketplace. Now, it's not just a question of whether the company will survive, or if Apple can sell beyond its installed base, but just how much market share the company can take from Windows. With Vista around the corner, and Leopard offering some cutting-edge features, Apple can make significant traction in the coming year.
As Apple users and Mac afficionados, we look forward to more progress.
Picking on Yahoo! for its failings is as easy as it once was to pick on Microsoft for its monopoly tactics and shoddy software, or Apple for its scant market share. It's not as if the world needs yet more proof points that Google has won the online search and advertising race, and that Yahoo! has squandered more than one opportunity to get ahead. Yet an increasing amount of news shows that Google is taking more share in all categories at the expense of Yahoo! and Microsoft, despite already having the leader position.
Of late, I've found my attention span in the stock market is decreasing rapidly. I used to be of the standard "buy and hold" mentality, picking great companies with potentially great stocks. But the seeming inevitability of the buy and hold strategy was that eventually, the stock would go down - sometimes in a big way, thanks to a profit miss or product issue.
Listening to ''Walk Down (KVA Club Mix)'', by Kyau & Albert (Play Count: 2)
I've been good. Even though Kristine and I watched the first four episodes of 24 more than a week ago, we didn't tell anybody what happened. Not only did 24 not officially debut on television until last night, but I am, for some reason, surrounded by coworkers and family members alike who haven't made their way through the previous season - either due to lax TiVo discipline, or an inability to find time to watch the show on DVD. Therefore, I have gone out of my way to be courteous and avoid slipping details of the newest adventures of Jack Bauer - for their safety and mine.