Hoosier Illuminati

Welcome to The Hoosier Illuminati. Macintosh bigot, clothes horse, motorsports fanatic (as long as they turn right), Anglophile.

Clothes and manners do not make the man; but when he is made, they greatly improve his appearance. --Henry Ward Beecher

Wednesday, January 21, 2009

While the market collapses generally….

...Shares of Apple Inc. jumped 9% in after-hours trading Wednesday, after the computer and electronics maker said its fiscal first-quarter earnings soundly beat analysts’ estimates despite a difficult environment for tech sales.

Maybe Circuit City should have been selling Macs.

“Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history,” Apple’s chief executive Steve Jobs said in a statement.

Apple sold 2.5 million Macintosh computers during the quarter, compared with 2.3 million a year ago, while sales of iPods increased 22.7 million from 22.1 million.

Quarterly iPhone sales were 4.4 million units, nearly double year-ago levels.

It’s really kind of impressive that in this economic climate a brand that is perceived to sell at a premium should be doing that much better than the industry as a whole. 

written by Jeff at 9:11pm
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