Thursday, January 18, 2007

Those "gougers" at Apple

With this kind of success, certainly the left will be clamoring for a "windfall profits tax" on Apple! OK, maybe not. From the LA Daily News:
SAN JOSE - Apple Inc. on Wednesday posted a record profit in its fiscal first quarter, beating Wall Street estimates as earnings rose 78 percent amid strong holiday sales of its iPod music players and Macintosh computers.

During the final three months of 2006, the Cupertino-based company Apple said it earned $1 billion, or $1.14 per share, compared to $565 million, or 65 cents a share, in the year-ago period.

Revenue for the quarter hit a record, reaching $7.1 billion, up 24 percent from $5.7 billion the previous year.

Analysts, on average, were expecting earnings of 78 cents per share on sales of $6.42 billion, according to a Thomson Financial survey.

"This one was for the record books," Apple Chief Financial Officer Peter Oppenheimer said in an interview.
I doubt Durbin the Turban will be calling Steve Jobs to the Senate carpet anytime soon.