Thoughts on Apple’s Q1 2010 Earnings
It’s no secret by now that Apple has had a smashing quarter. Although the headline for many news articles seems to be “Apple earnings grew by 50%”, that statement is not accurate because Apple is now using a different set of accounting rules in reporting their earnings.
Regardless, Apple still had a fantastic quarter. iPhone shipments doubled from last year to 8.7 million units, but some enthusiastic analysts probably found that number a bit disappointing given their predictions of 10M+ units. What we found most interesting is that the iPhone makes up 36% of Apple’s revenue and is the biggest piece of the pie.
Well, all eyes are on the Apple tablet device now. There is no shortage of rumors floating on the Internet right now and the hype is at its all-time high. Steve is supposedly to have said that this device is “the most important thing” he has ever done. The iPhone is already pretty damn game-changing if you ask us. We can’t even begin to imagine what an even more important device would look like.
We really can’t wait. Is it Jan. 27th yet?
