Tech | January 22, 2009 | 5 comments

Apple proves recession-resistant, for now

source: http://news.cnet.com/8301-13579_3-10147621-37.html?tag=newsLeadStoriesArea.1

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The economy is worse off than it has been in years, but that doesn't seem to scare Apple. "Apple actually improved its financial standing during what many considered to be one of the worst holiday shopping periods in generations. And that's likely to impress upon investors that Apple can hold its own even if the economy gets worse; they sent Apple's stock up 9 percent in after-hours trading following the results."

"Customers responded well to the company's new notebooks, pushing sales up 33 percent compared to last year. Favorable prices from chipmakers and display vendors slashing inventories meant Apple made a little more money on each one, as well."

"Could Apple have already turned the corner on the recession? That's going way too far: Apple's increased confidence in its ability to predict 2009 resulted in guidance that would deliver a 4 percent increase in revenue and a decrease in earnings per share. But given Apple's notorious record of underpromising and overdelivering when it comes to financial guidance, the company could have far more aggressive internal targets for its business in 2009.

And having deposited another $4 billion in cash into a now-enormous war chest of $28 billion probably increases one's confidence as well."
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5 comments // Apple proves recession-resistant, for now

  • ejasun
  • MountainLion413
    • 0
      MountainLion413  

    • Steve Jobs has put together a powerhouse team at Apple that WILL continue to prevail with or without Steve at the helm.

      The products that Apple has out now are top-quality,
      and their customer service is hard to beat.

      I have owned a 2000 vintage Dell computer that started out with Windows ME [later upgraded to XP].

      Last October, I replaced it with an Apple iMac.

      The iMac is the most stable computer system money can buy, and the MAC OS X Leopard operating system is fast, capable, and simple to use, all at once.

      And - it does NOT get viruses or Spyware.

      Beat THAT!

    • 3 years ago
  • CaptB
  • NoGodsNoMasters
  • kelkubi
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