Apple’s Awesome Results
So Apple announced another rocking quarter yesterday, and couldn’t have picked a better day for it, as the Dow crossed 13,000 for the first time.
I was actually surprised to read how many freaking iPods they shipped - 10.5 million. That’s a staggering amount. Also strong was a 36% increase in Macs. For the details from the conference call, here’s a good post at AppleInsider.
According to Bloomberg, Apple took advantage of dropping component costs. They can sell hardware for the same price, but make more on each unit. Consumers also seem willing to pay a premium for their products.
So far, we’ve seen impressive earnings announcements from Apple, Amazon, and Google (now the world’s most visited site). Yahoo! Oh, wait, they didn’t have as good a quarter.
It’s hard not to feel more than a little boomy here in the Bay Area. I keep seeing articles about how tech hiring is on an upswing, and there’s all these crazy parties and events going on (not that I get to go to any of them). Now if the baby boomers can just hurry up and retire (supposedly starting in 2008) so we can have their jobs.
I’ll be busting out the sock puppet and Amici’s pizza any day now.
Additional Reading: AppleInsider, Bloomberg, ParisLemon, GigaOm
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