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Apple reports record profit for last quarter, hints at potential legal battle

In it's quarterly earnings call Apple reported over ten billion in profits and hinted at a potential legal battle with Palm.

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Mobile, Computing | by Emily Price | Thu Jan 22, 2009 9:18AM | 0 comments

Apple made over $10 billion in revenue last quarter, breaking previous records by selling almost 23 million iPods, 4.3 million iPhones, and 2.5 million computers — but that doesn't mean they're ok with other companies ripping off their designs.

During Wednesdays earnings call Chief Operating Officer Tim Cook made a comment that appeared to be a jab at the recently announced Palm Pre by saying: "I don't want to talk about any particular company. However, we will not stand for having our IP ripped off. And we will use whatever weapons we have at our disposal." The Palm Pre has a similar multi-touch interface as the iPhone, an interface that Apple claimed at the original launch of the iPhone to have patented.

In the call, Cook also mentioned that Apple was watching the netbook market, but felt the computers were underpowered to meet consumer needs. He also indirectly dispelled rumors of an iPhone Nano — when in a discussion about the iPhone he said that developing software on different screen sizes and resolutions was difficult on developers, something the company wants to avoid.

So, no iPhone nano. No Apple netbook. Apple does have close to $26 billion dollars in cash lying around now however (with no debt to speak of). Chief financial officer Peter Oppenheimer said the company has "some fun ideas" on what to do with it all.

What would you like to see come from Apple next?

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Related company news:
Apple, Palm
Related glossary terms:
Netbook
Related brand news:
Apple iPhone, Apple iPod
Related devices and services:
Palm Pre, Apple iPod classic, Apple iPod nano, Apple iPhone

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