Now listen to this- Apple just got juicier- I mean, it just got richer. The US Tech giant revealed its earnings for the first quarter of 2011. It sold 18.65 million iPhones, 9.02 million iPods went off the shelf, 4.69 million iPads and, it doesn't stop here- 3.76 million Macs. So, if you are still struggling with the Maths- the grand total is-£3.65bn of profit. It's OK, you can start breathing now!
That's a huge amount (3.5 billion Pounds, in case you had forgotten!), that Apple has pocketed this quarter. However, its still behind its top competitor Google, which earned a revenue of £5bn in the same quarter. But the rate at which Apple has progressed is amazing. Its profit this year is double than last year's. Some of the credit goes to the iPhone 4 too, which popularized Apple's other products- specifically the Macs. As for the tablet iPad, it did bring in disappointed numbers as its sales fell short of the targeted 7 million. Now, Apple may blame the Japan disaster for delay in iPad production, but users response is also below, than desired.
But the focus here is the double earnings that Apple pocketed in the first quarter and this is what I am wondering- Where will Apple invest its earnings? Do you have any suggestions?
That's a huge amount (3.5 billion Pounds, in case you had forgotten!), that Apple has pocketed this quarter. However, its still behind its top competitor Google, which earned a revenue of £5bn in the same quarter. But the rate at which Apple has progressed is amazing. Its profit this year is double than last year's. Some of the credit goes to the iPhone 4 too, which popularized Apple's other products- specifically the Macs. As for the tablet iPad, it did bring in disappointed numbers as its sales fell short of the targeted 7 million. Now, Apple may blame the Japan disaster for delay in iPad production, but users response is also below, than desired.
But the focus here is the double earnings that Apple pocketed in the first quarter and this is what I am wondering- Where will Apple invest its earnings? Do you have any suggestions?
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