Apple Hints at 'Product Transition'
As was expected, Apple posted significantly higher Q2 earnings, due entirely to the Mac’s ever-increasing market share and the company’s strong iPod sales, as the New York Times reports. The news was largely remarkable for two things:
1) The fact that the increased profit wasn’t because of the iPhone, although part of that was due to shortage of the old version in the run-up to the new model, as we reported yesterday;
2) The fact that Apple’s CIO hinted at a product transition, saying in the conference call that its earnings would be negatively affected going forward: “We have some investments ahead of us that I can’t discuss with you today.”
Rumors about Steve Jobs’ health also persisted, since he appeared thin last month in public and was strangely absent from the conference call yesterday.
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