While the U.S. economy in general appears to be on the verge of a recession, Apple thus far appears immune to the slowdown:
Apple – Apple Reports Record Second Quarter Results
Apple today posted revenue of $7.51 billion and a net quarterly profit of $1.05 billion, or $1.16 per diluted share, for its fiscal 2008 second quarter, which ended March 29. âWeâre delighted to report 43 percent revenue growth and the strongest March quarter revenue and earnings in Appleâs history,â said Steve Jobs. During the quarter, Apple shipped 2,289,000 Mac computers (representing 51 percent unit growth and 54 percent revenue growth over the year-ago quarter), sold 10,644,000 iPods, and reported quarterly iPhone sales of 1,703,000.