Like clockwork, Apple announced yet another record quarter, with $26.74 billion in revenue, and a net profit of $6 billion, a 70.5% and 77% increase compared to the same quarter last year, respectively. Apple now has $59.7 billion in cash on hand.
The company sold 4.13 million Macs, 16.24 million iPhones, 19.45 million iPods and 7.33 million iPads during the quarter, and revealed during the conference call that over 160 million iOS devices are now in customers hands. Growth in Mac sales has been faster than the overall PC market for 19 straight quarters.
Tim Cook was asked about how well the Mac App Store was doing, given that most of the top Apps tend to be written by Apple. Cook noted that there have been over 1 million downloads on the Mac App Store so far, and it’s just getting started. Read more
Verizon confirms $30 unlimited data plan for iPhone
In a Wall Street Journal report published early this morning, Verizon COO Lowell McAdam confirmed that when the iPhone 4 launches on Verizon’s network early next month, customers will be offered the same $30 data plan they offer for other smartphones.
Though AT&T stopped offering unlimited data plans last summer ahead of the iPhone 4 launch, the carrier allowed existing customers already using the unlimited $30 per month data plan to keep using it. Many of those current AT&T customers may decide they have no reason to stick with AT&T anymore if Verizon will offer them the same unlimited data plan for the same price as a new customer.
The CDMA iPhone 4 is expected to launch on Verizon’s network February 10th, with preorders for existing Verizon customers to begin February 3rd. Read more