“Apple Quarterly Results Beat Expectations”
In an article published April 22, 2009 by Reuters, Booz & Company Partner Barry Jaruzelski (North America) said that Apple Inc.’s favorable quarterly profit were “pretty respectable on an absolute basis.” Apple Inc’s quarterly profit and revenue surpassed Wall Street expectations on strong sales of iPhones and iPods, sending its shares up 2 percent in after-hours trading. “They continue to do relatively well even though Mac volumes are down only a little,” said Jaruzelski of Apple. “With only a 3 percent decline they have gained market share… because the overall PC market is down more than that. Their competitive stance has improved.”