Record Apple Earnings- Again, Recession?!?!

Last quarter was the best June quarter in Apple’s history in both earnings and profits, but the real news is that Steve actually promised new products later this year: “We set a new record for Mac sales, we think we have a real winner with our new iPhone 3G, and we’re busy finishing several more wonderful new products to launch in the coming months.” Apple never comments on future products in any way, shape or form. Ever ever. Whether he’s alleviating investor worries or just feeling especially open, it’s a rare, if not totally unheard of Apple move. Check out how much money Apple’s bean counters are dealing with and speculate what new toys are on the way below.

Apple Reports Record Third Quarter Results
Revenue Up 38 Percent Year-Over-Year
Mac Sales Reach All-Time High

CUPERTINO, California—July 21, 2008—Apple® today announced financial results for its fiscal 2008 third quarter ended June 28, 2008. The Company posted revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share. These results compare to revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share, in the year-ago quarter. Gross margin was 34.8 percent, down from 36.9 percent in the year-ago quarter. International sales accounted for 42 percent of the quarter’s revenue.

American Gaming Stats

Did you know that 40% of American gamers are women?  I still don’t understand why they call it the “Gameboy”.  There are nearly as many women gamers as men, and yet, even if men were the minority, it would probably still be called the “Gameboy”, soley, if not influenced by other factors as well, because of the phonetics of the word.

Microsoft Tops $60 billion

Microsoft Thursday announced it has topped $60 billion in yearly revenue for the first time in its history and posted a 25 percent year-over-year gain in net income for its fiscal year 2008.

The company also provided financial details of its offer to buy Yahoo’s search business including a lump payment of $1 billion, a stock investment and on-going revenue sharing. (Read Editor Julie Bort’s take on the revenue report.)

The fiscal 2008 revenue gain was an 18 percent increase over fiscal 2007, but it was with net income where the software giant showed a big increase from $14 billion in 2007 to $17.6 billion in 2008.

Microsoft also reported fiscal fourth quarter revenue of $15.84 billion, which was an 18 percent increase over the fourth quarter of 2007.

(Microsoft’s fiscal year runs July 1 to June 30.)

Top Player

Even With all the rumors about divorce, Madonna, and many scandels Yankees 3rd basemen Alex Rodriguez has been going through, he was voted by the other all stars, the best MLB player out there. Good job A-Rod! 

Tags: News, Sportsnews

Sidekick 2008

T-Mobile’s latest Sidekick, code-named Gekko, will launch July 30, according to cell phone enthusiast blog The Boy Genius.

The blog said the new device will be an entry-level Sidekick “that won’t break the bank.” The new phone will supposedly sport a 2-megapixel camera, video recorder, stereo Bluetooth, and other standard Sidekick features, according to the blog. The Boy Genius has also posted some pictures it claims were leaked from T-Mobile.

It looks like the creative geniuses in Microsoft’s product marketing team may have helped name the new device that will simply be called “Sidekick 2008.” Microsoft, which is famous for delineating different versions of its Windows software by the year in which it was released, bought Danger, the maker of the Sidekick, earlier this year.