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 US President George W Bush urges Americans to support a massive bail-out of financial markets for easing financial crisis.
He said in a live TV speech that the entire US economy was in danger if the steps weren’t taken now, it would be much difficult to handle it afterward.
President Bush has invited John McCain and Barack Obama to the White House to discuss the $700bn rescue package. The two presidential rivals are not agreed on delaying a TV debate over the economic crisis.
According to McCain, he will suspend his election campaign to help with the crisis, while Mr. Obama believes that at that time the need to hear from the candidates is more than ever for the voters. Read the rest of this entry »
