Apple beats Earnings estimate

The minute we saw Steve Jobs introducing the Iphone to the world we knew Apple would have another hit on their hands. The company was able to revolutionize the music industry with its Ipod products. The Ipod is a Mp3 player, even though it is not the only one on the market it was the best selling one. Through its itunes online music service apple profited greatly. Apple Inc a company which had one percent of the computer market share is now a major player and the company still has a lot of potential to grow and so will its stock. Microsoft introduced a MP3 called zune to try to tap into the Ipod's territory , but still cannot best the Ipod in sales.

When the Iphone came out this summer the product was sold out within a week, and suddenly it was cool to have apple products, the Ipod the Iphone and the Mac are all becoming the thing to have. The main reason why apple is able to be so profitable is its ability to produce cutting edge innovativ products.

For the three months that ended Sept. 30, Apple said Monday it earned $904 million, or $1.01 per share, compared with $542 million, or 62 cents per share, in the year-ago quarter.