World economic woes? No problem! With over $1 billion profits, Apple shrugs off the world’s economic worries and posts one of its best quarters ever. According to Apple, soaring sales of iPhones and Macs played a key role in this success.
“We have succeeded to sale more phones than RIM and it is, indeed, one of the best quarters in Apple’s history.” A happy Steve Jobs crowed announced.
The company reported $1.14 billion 3Q profit on almost $8 billion sales, which shows an income of $1.26 per diluted share of stock.
Mac computers came forward as a big seller with 21% more units’ sale than the same period during last year. Similarly, iPod saw 8% increase in sale compared to the same period of last year.
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The Cuban government lifts ban from home computers on Friday. This is one of the various bans lifted recently by Cuban President Raul Castro. This ban lifting created an atmosphere of joy amongst the people and large crowds gathered outside computer shops and electronics stores. Most of the people came to see the computers and enjoy the joyful sight, while a few were there as customers.
Computers are a high priced commodity in Cuba. A tower style QTECH PC and monitor costs around $780 to $800. In a country where average daily wages fall below $20 (10 pounds) a month, computer becomes a thing that can be bought by only a few people. Only some Cubans can afford to buy them if they have some relatives abroad sending money. Read the rest of this entry »
