Apple reported its "most profitable quarter ever" after the market closed today. Check out these numbers: Profits up 47%. Revenue up 25% to $9.87 billion. 7.4 million iPhone's sold, up 7% from year-ago. 3.05 million computers sold, up 17% from a year earlier. 10.2 million iPods (down 8%). Shares of Apple were up over 6% in after market trading back over $200 a … [Read more...]
Did Domainers Call The Stock Market Bottom?
I published a poll back on March 7, 2009 asking you to pick the stock market bottom, just about a week before, it hit, what is regarded to be the bottom, (the lowest point hit by the Dow Jones average) Since the Dow closed about 10K for the first time since, I went back and looked at the results. Your choices were: We are at the bottom … [Read more...]
Bigger Game Changer: GM Selling New Cars On eBay, Or Cars Using Only 50 Gallons Of Gas A Year?
GM, the new GM has two major announcements in the last couple of days which has huge implications for not only this car manufacture but the automotive industry. First GM announced its going to start selling new cars on eBay.com with "Buy It Now Pricing" and also allow people to "make offers" on the new cars. GM is rolling this out, testing selling new cars on eBay with 250 dealers in … [Read more...]
How Bad Is The Economy? “Joe The Webmaster” Can’t Get A $25 Renewal Fee Approved
So a good friend of mine, who operates one of the largest adult websites in the world, let's call him Joe the website owner, tells me that starting just about 30 days ago, he is seeing about 10% of his attempted re-bills declined by the credit card company. This mean about 10% of his customers, which number in the millions, and would be a good sample of the general economy, don't have $25 … [Read more...]
Sign of the Times: NASDAQ Starts Bailout Index
According to USA TODAY, the NASDAQ started the Government Relief Stock Index, that tracks the performance of publicly traded companies that have accepted government bailout money, under the Troubled Asset Relief Program (TARP). Currently index is comprised of 24 companies, but more will be added as additional companies accept TARP money from the Government. Some of the companies in the index … [Read more...]
Has the Net Killed Brick and Mortar Retailing?
According to a new report by the International Council of Shopping Centers (ICSC), up to 73,000 brick and mortar retail establishments could close in just the first half of 2009. The ICSC says there was a net loss of about 33,000 retail establishments in 2008. In making its prediction for 2008, the ICSC pointed to the national chains like Sears and Talbots, which already announced plans to … [Read more...]
NY Times: Online and Print Ad Revenue Down
The New York Times Company, announced today that total revenues for the company had fallen 13.9% in November compared with a year ago. Ad revenues were down 20.9%. Most worrisome: Internet revenues, long seen as the potential salvation for the company's future as more of the world's news audience migrates online, slid along with print. Even though the company's flagship Web site, … [Read more...]