Archive

Archive for July 22, 2008

Apple: “key product transition” due within 2 months

July 22, 2008 Leave a comment

Yesterday’s Apple quarterly financial results sounded much like the previous few. Best yet results for the quarter, with sales of just about everything up considerably from this time last year. At a time when the credit crunch is having a negative impact on most markets Apple is seeing record growth.

One thing to put a damper on shareholders dividends is the announcement that profits will be lower next quarter due to a ‘key product transition’ that undercuts rivals, due by the end of September. No details on what the new product will be, but with the Macbook, iPod Touch and Mac Mini rumoured to be expecting an update there’s plenty to pick from. That’s without the possibility of a Mac tablet or ‘bigger than iPod Touch’ PDA/handheld device. Looks like interesting times are ahead.