Apple Finds Recession Unfashionable, Ignores it with Financial Results

If anyone could snub a recession with the derision and odium normally reserved for PC-users, it’s Apple (NSDQ: AAPL). Their Q2 results report $1.21 billion in profits and $8.16 billion in gross revenue. AT&T (NYSE: T) had already hinted at a good quarter for iPhone in their quarterly results, but worldwide, Apple claims 3.79 million units sold, 123% higher than last year. I mean, iPhone still didn’t outsell BlackBerry (NSDQ: RIMM) like Apple was bragging a few quarters ago, but it’s still Apple’s best non-holiday quarter to date. If any of you were holding out for an Apple netbook, it’s not going to happen any time soon, if COO Tim Cook has anything to say about it.

“When I look at what’s being sold in the netbook space today, I see cramped keyboards, terrible software, junky hardware, very small screens, and just not a consumer experience, and not something that we would put the Mac brand on quite frankly. And so, it’s not a space as it exists today that we are interested in, nor do we believe that customers in the long term would be interested in. It’s a segment we would choose not to play in.”

Overall, a solid quarter for Apple, considering the circumstances. Check out Apple for their conference call and numbers.

[via Apple]