Doesn’t matter how you get your news, all you hear everyone talking about is the current recession, through these economic times it’s hard for companies to stay afloat, much less make some profit. But you mustn't look too hard to find a business that is flourishing.
Apple has released a report showing not only profit and revenue on the first fiscal quarter , but also a growth in sales. This break from the current situation is in part due to the great sale of the iPhone, which sold 4.36 million cell phones, almost double of what it sold the previous year.
On the computer side of things, Apple stayed strong relying on their new and slick notebooks, but sales of the desktop fell a quarter from what it was selling last year, it is currently selling 728,000 desktops. Chief Financial Officer Peter Oppenheimer explained that the difference in sales reflects what the market wants, and the market wants something slick and portable.
Apple has proved to be a strong company through its change from their CEO for the last 11 years, Steve Jobs leaving due to health issues to Tim Cook. Jobs handed down the day-to-day procedures to Tim Cook on January 14. As a new CEO Cook is already getting ready for the competing market, ready to fight it out with any iPhone challenger.
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