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Apple posts strong profits

Posted: 23 Jan 2009     Print Version  Bookmark and Share

Keywords:iPod  PC market  computer sales  iPhone sales 

The company attributed about half the growth it saw in gross margins to a collapse in prices for commodity components such as DRAMs, LCDs and NAND flash.

"Some [of these] commodities are at or near their variable cost, so further reductions in those costs are not likely but we do expect to see continued favourable pricing for DRAMs, LCDs and NAND flash," said Cook. "[Future price] falls will not be like they were in our [December quarter]" he added.

"That's been the wind at their back for awhile now," said Marshall.

Cook also downplayed the impact on Apple of the ongoing health problems of its CEO, Steve Jobs.

"There is an extraordinary breadth and depth of tenure in the Apple executive team that is leading 35,000 employees—and they are wicked smart," Cook said. "Regardless of who is in the [CEO] job, [Apple's] values are so embedded in the company that we will do well, and I strongly believe Apple is doing the best work in its history," he added.

A perceived lack of candor from Apple Inc. about the health of its chief executive Steve Jobs has triggered an investigation by the Securities and Exchange Commission, according to a report by the Bloomberg news agency.

- Rick Merritt
EE Times

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