“The company stunned Wall Street Wednesday with its second-quarter earnings report as profits rose nearly 87%. But that’s only the beginning, say analysts,” Ganapati reports.
Ganapati reports, “Apple is more diversified than ever, and growth in its core PC business is nearly three times the industry average.”
“And there’s more in store: Apple’s most anticipated product, iPhone, is set to launch toward the end of June; a new operating system, Leopard, in October could further drive computer sales; and the company may debut a variation on its iPod or Macintosh line in the next few months,” Ganapati reports.
Ganapati reports, “All told, Apple is set to enter the strongest three quarters in the company’s history… In what was considered a light quarter in terms of major growth drivers and product releases, Apple’s Mac computer performed better than expectations, and the iPod juggernaut continued to roll. Apple shipped 1.52 million Mac computers and 10.5 million iPods during the quarter, representing 36% growth in Macs and 24% growth in iPods vs. the year-ago quarter.
“‘There’s no question in my mind iPhone is going to be a big hit,’ says Tim Bajarin founder of strategic consulting firm, Creative Strategies. ‘It redefines what a phone looks like and how it should work,'” Ganapati reports.
[Thanks to MacDailyNews Reader “LinuxGuy and Mac Prodigal Son” for the heads up.]
Full article here.