No. 1 Story
ACCC clears Optus to scrap HFC network and use NBN instead
The ACCC has cleared, provisionally, the proposed deal between Optus and NBN Co under which Optus is to be paid around $800m to shut down its HFC network and transfer customers onto the NBN. read moreAnother record quarter for Apple
Stephen Withers
Thursday, 22 January 2009 07:52
Page 3 of 3
Well, there are definitely features in the current version of iTunes that weren't in the version that shipped with my Mac or my iPod, and Apple hasn't charged me any extra.Anyway, what is the effect of these treatments on Apple's quarterly results?
According to the company, non-GAAP revenue and net profit would be $US11.8 billion and $US2.3 billion respectively.
That's substantially more than the $US10.17 billion and $US1.61 billion actually reported.
One last thing. Apple's long been regarded as a cash-rich company. As Oppenheimer pointed out, it generated over $US3 billion over the quarter.
What has changed is the mix of cash and cash equivalents on one hand and short term securities on the other. Last quarter, the balance sheet showed approximately $US12 billion and $US10 billion respectively; but at the end of December that had shifted to $US7 billion and $18 billion.
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