You’ve probably heard by now that Apple Inc. had another boffo quarter, with plenty of facts and figures to prove it -- not to mention record revenue of $28.57 billion. But one of the most interesting numbers shows how the iPad has overtaken the Mac in less than a year and a half.
Apple may not sell a variety of different cell phone models like everyone else, but that hasn’t stopped them from surpassing rivals like Nokia in terms of income -- particularly with $10.47 billion in iPhone sales the last quarter alone.
If you'll recall, this past May, Apple topped Microsoft in market cap. But there was still that rascally revenue barrier that Apple still could not quite overcome. Well, that barrier is no more. Microsoft just reported $16.2 billion in revenue for the third quarter. And Apple? $20.34 billion.
If it were up to J.P. Morgan, Apple would have a boffo end to 2010 -- and they’ve helped out by upping Cupertino’s revenue estimate for the fourth quarter to $18.71 billion as well as aiming for a $400 stock price by December of next year.
With Apple's iAd venture off to a bumpy start, and iBook sales moving along slower than expected in the face of the Kindle's enormous popularity, Apple is considering a move that will either be embraced by publishers and consumers, or despised. According to The Wall Street Journal and CNET, Apple is seriously considering the insertion of iAds into the content available to consumers through the iBook Store. You read that right--the eBooks you paid good money for could soon come with advertising material as part of the package.
While many believe Apple is beginning to take over Microsoft as the reigning champ in the tech world, recent revenue numbers would lead one to believe that Redmond isn't willing to go out quietly; at least in terms of revenue numbers that is. Microsoft reported record revenues today.
CNN Money and Fortune Brainstorm Tech reported that a new analysis from Piper Jaffray's Gene Munster continued to advise clients to invest in Apple. He pointed to Mac and iPod sales as reasons for optimism.
While it’s widely known that Apple makes most of its money from hardware, one analyst predicts that the various content sold on the forthcoming iPad will equal nearly 30 percent of what Cupertino makes on the device by 2011.