Apple $13.6bn quarterly profits
 

Up 118% from the same quarter last year and now sat on $97 billion in cash :eek:

BBC News - Apple posts record $13.06bn quarterly profits, up 118%
What's Apple going to do with $97 billion in cash? | TUAW - The Unofficial Apple Weblog

But... But... But their products are over-priced? And the iPhone is crap? And Windows PC's do more for less money? And only fanboys buy Apple hardware? How can this possibly be true?

What was interesting during the conference call is that Tim Cook does not believe it's a two way race in the mobile market as: Quite clearly he sees the long term market being iOS, Android and WP7

Tim Cook: Phone market isn't a two-horse race, 'there's a horse in Redmond that always runs' | The Verge

David Hansson of 37signals puts it quite well

http://37signals.com/svn/posts/3084-...n-the-world?57

In summary "First they ignore you, then they ridicule you, then they fight you, then you win."