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Apple Watch: Q4 Results In; Mac Announcements Coming Wednesday
Monday, 2010 October 18 - 5:51 pm
In Apple news today: for the fiscal 2010 fourth quarter, Apple reported $4.3 billion in income on $20.3 billion in revenue. That's a 55% increase in earnings and a 66% increase in revenue. I wonder how many other companies are experiencing 50%+ growth rates during an economic downturn?

iPad sales for the quarter were 4.2 million. Analysts had expected about 5 million iPads to be sold, so they were "disappointed". Mind you, these are the same analysts who initially predicted that iPad sales would be between one and five million for the whole year.

Meanwhile, Apple has a press event entitled "Back to the Mac" scheduled for Wednesday. Widely expected: a peek at the upcoming Mac OS X 10.7 "Lion" release, and a revamped MacBook Air, and updates to the iLife and iWork software suites.
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Posted by Ken in: techwatch

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