For the third of fourth time, Apple's market cap has surpassed that of Google's. At the time of this writing, Apple's cap was an astounding $141.32 billion vs Google's 135.06 billion!
The primary reason for this, of course, is yesterday's impressive quarterly results. After reporting sales of some 2.6 million new Macs, 5.2 million new iPhones and another 10 million plus iPods it's not surprising. These results would be quite impressive at anytime, but during one of the worst economic times in history, well it seems almost down right miraculous!
The iPhone and the iPod, and especially the Touch, have a lot to do with Apple's impressive quarter. However, despite the huge number of iPods sold, they are, for the first time, down somewhat. A lot of that has to do with cannibalization from the iPhone itself. However, what I find most impressive about Apple's terrific numbers is the growth of the Mac - up some 4%, despite lacking any cheap netbooks in it's line up!
Indeed, Apple's latest results are impressive, but what has me most excited is what is surely to follow. Namely, newer, faster and more capable, but also cheaper and more sophisticated models of the iMac, rumored to be just around the corner, and, as well, also for future models of the iPhone and iPod Touch. Apple's purchase of PA Semiconductors is expected to provide Apple's upcoming products with more power, speed and other capabilities that it's competitors will have a very difficult, if not impossible, time to compete with.
Who knows? Maybe, just maybe we will see a model of the iPhone with an actual physical keyboard? I'm hoping so, because finally, at long last, maybe people will stop bitching about it's lack thereof? Maybe also, and I'm really hoping for this one - an all-in-one iMac with a built-in, slide in/slide out, MacBook! Ever since I seen a patent for one I've been drooling for one, as I think it's one of the coolest concepts ever!
Whether I get my wish or not, I'm sure that Apple's next quarterly results could easily blow past yesterdays results by a considerably wide margin, baring unforeseen circumstances, such as the recession turning into a depression or something? Despite the recession, the Mac, as Joe Wilcox points out, seems to be defying gravity. Imagine what Apple could do once the recession is nothing more than a bitter memory?
In that case, then Apple's future quarterly earnings just might make yesterday's results look down-right pathetic in comparison. Here's hoping, anyway.
And that's my 2 cents 4 this Wednesday, July 22, 2009