“Isn’t it really just a matter of time before Apple Computer renames itself Apple Entertainment? Earlier this week, it announced that it had sold 100 million musical downloads. Last night, it posted another robust quarter, with earnings more than tripling to $0.16 a share as iPod sales threaten to lap the company’s flagship computers in unit volume,” Rick Aristotle Munarriz writes for The Motley Fool.
“In sum, this should be music to investing ears. This isn’t to say that Apple is fading in the desktop space. Macintosh sales actually grew by 19% during the June quarter. However, one has to wonder how far this revival would have gotten if it weren’t for the company’s melodic endeavors,” Munarriz writes. “…you have to attribute some of those Mac sales to Apple getting its brand name into the eyes — and ears — of the Microsoft masses. That is clearly the tasty fruit of its musical harvest.”
Full article here.