Apple’s Profits are Up, Thanks to iPhone Sales

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It's official, iPhone + more iPhone sales = profits for Apple.

First quarter revenue for Apple rose to $8.16 billion from 7.51 billion.  

Also, based on statement from Mr. Cook: 

“When I look at what is being sold in the netbook space today, I see cramped keyboards, terrible software, junky hardware, very small screens,” he said. “And just not a consumer experience, and not something that we would put the Mac brand on, quite frankly.”

Most likely we would not see notebooks from Apple anytime soon, unless that netbook will have better software, hardware and screen  - hmm, not all is lost.

[NY Times]