After the markets closed, a letter from Steve Jobs was released Wednesday afternoon, in which he said he’s immediately resigning as CEO of Apple Inc., but will remain Chairman of the Board and an Apple employee. As expected, COO Tim Cook is assuming the CEO position full time; he had served as interim CEO during […]

Zooming way, way past Wall Street estimates, at least for the most part, Apple announced Wendesday that its third-quarter profits soared nearly 125% over the same quarter last year, to $7.31 billon, or $7.79 per diluted share. Total sales through June 25, 2011 reached $28.57 billion. As I said, way, way ahead of Wall Street […]

It’s easy to become complacent about Apple. You know, for example, that the iPhone has received upgrades in June or July each year from 2007 through 2010. So it was only natural to expect a similar upgrade this year, although there are now growing indications that it’s not going to happen. Instead, the talk now […]

No doubt consumer electronics companies around the world are trying to find a way to tap into the reasons behind the iPad’s incredible success, and leverage them to their own advantage. Even when sales in the last quarter weren’t quite up to industry expectations, Apple simply stated it was the result of the “mother of […]