Apple’s earnings report for the second quarter for 2009 was released today, and showed quarterly net profits of an impressive $1.21 billion in a time period where most tech giants are experiencing a slow-down. Net earnings showed a rise year-over-year from $1.05 billion in Q208, even though Mac sales were down 3% year-over-year.
John Furrier pinged me a few minutes ago, taking time out from his Ad:Tech coverage to comment on the earnings report.
“In a dark economic time, Apple is shining,” said John. “It’s an amazing story. It’s proof that great products, a great team and great execution equate to success, particularly in what is obviously in a distracting quarter with Jobs taking time off.”