- Jan 17, 2010
- Reaction score
As some of you are aware Apple released their 4th quarter results today after the trading day closed. Apple set record profit of $3.38B on record revenue. We'll get into the numbers a bit more deeply but in our opinion the most telling aspect of the conference call was this quote by Steve Jobs.
Steve Jobs said:If you annualize our quarterly revenue, it's surprising that Apple is now a $50+ billion company... The new products we are planning to release this year are very strong, starting this week with a major new product that we're really excited about.
He isn't known to mince words about future Apple products unless he has something to back it up. The fact that he said "major new product" tells me it's not a rehash or upgrade or new network carrier, but a product that is significantly different from anything they offer to call it a "major new product".
Overall, Apple is firing on all cylinders without question. The only category of product that was down are iPod sales (down 8% year over year) but computer sales are up 33% and iPhone sales are up over 100%.
You can stream the call here: http://stream.qtv.apple.com/events/jan/earnings/earnings_10/earnings_ref.mov
Let us know what you think in the comments!