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MediaMemo by Peter Kafka

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Wednesday, April 22, 2009

Apple: Steve Jobs Is Still Fine, and We Still Hate Netbooks

Next to no news from the Apple earnings call this afternoon, which is just the way Apple execs like their earnings calls. Once again, the company provided no information about CEO Steve Jobs’s health except to note that he is still scheduled to come back to work in June. And the company continued to pooh-pooh the concept of netbooks–supercheap, supersmall laptops with very little horsepower that are the hottest part of the PC business right now.

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Apple Beats the Street; Guidance a Bit Light

First quick look at Apple’s earnings: Tim Cook and company have beaten the Street’s expectations. Apple earned $1.33 per share on revenues of $8.16 billion, beating the consensus of $1.09 and $8 billion. It also outperformed estimates for sales of the Mac, iPod and iPhone. At first glance, a strong quarter. But guidance for the next quarter may be a bit less than what Wall Street was looking for.

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About Peter

Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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