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Apple Continues Winning Streak While Others Suffer
Apple has a surprisingly strong quarterly profit that beats the analysts' estimates back by good iPod and Mac sales during the holiday season. Certainly, Apple and IBM are the darlings of the tech industry right now each reporting better than expected results. However, it is too early to celebrate now as we should be expecting not-so-rosy results from other tech companies which are not so well positioned as Apple or IBM for this weak economy.
Apple reported a net quarterly profit of US$1.61B, up from US$1.58B a year ago while revenue rose to US$10.2B, a 5.8% increase.Apple's CTO Tim Cook has mentioned that the visibility remains low due to the current poor economy but it is not as unpredictable as in back in October.
Things aren't too rosy over at semiconductor companies such as Intel, AMD and TSMC. The chip giant, Intel might report a first quarterly loss in 22 years and will lay off at least 5000 staff and close down 5 plants. AMD too is going to cut 1100 staff which is 5% of their workforce and reduce employees' salaries. TSMC plans to cut 1000 workers which is 5% of their workforce.
Apple has a surprisingly strong quarterly profit that beats the analysts' estimates back by good iPod and Mac sales during the holiday season. Certainly, Apple and IBM are the darlings of the tech industry right now each reporting better than expected results. However, it is too early to celebrate now as we should be expecting not-so-rosy results from other tech companies which are not so well positioned as Apple or IBM for this weak economy.
Apple reported a net quarterly profit of US$1.61B, up from US$1.58B a year ago while revenue rose to US$10.2B, a 5.8% increase.Apple's CTO Tim Cook has mentioned that the visibility remains low due to the current poor economy but it is not as unpredictable as in back in October.
Things aren't too rosy over at semiconductor companies such as Intel, AMD and TSMC. The chip giant, Intel might report a first quarterly loss in 22 years and will lay off at least 5000 staff and close down 5 plants. AMD too is going to cut 1100 staff which is 5% of their workforce and reduce employees' salaries. TSMC plans to cut 1000 workers which is 5% of their workforce.
