the new york times reports that apple has recorded its best nonholiday quarter in the company's history. pc shipments declined 3 to 5 percent while apple reported an 18 percent increase over its previous quarter. the introduction of iphone 3gs & mac price drops have been cited as a major factors in the company's success. it's also important to note that steve jobs was absent from his ceo duty for the quarter (march - june). the record success is further evidence that apple has one of the best management teams in the industry.
the only negative report from apple is a 7 percent decline in ipod sales. tim cook, apple chief operating officer, makes it known that the company was prepared for such a decline as consumers are more commonly using their phones to play music. the ipod touch, reversely, has increased its sales by 130 percent since last year.
net income has grown. revenue has increased. apple, an industry bellwether, saw its shares rise from $104 to $142 during the reported quarter. apple continues to prove there is no substitute for quality & innovation.
[via nytimes]
