“Apple’s Strong Holiday Season Lifts Revenue 70 Percent”
In the January 18, 2011 issue of The New York Times, Booz & Company Partner Barry Jaruzelski (North America) said that record sales and profits for the last three months of 2010 should give investors reason to think that the company could do well with or without Steven P. Jobs, the company’s co-founder and chief executive, at the helm. “He is an iconic leader, but this is not a one-man operation and hasn’t been one for a long time,” said Jaruzelski who heads Booz & Company’s innovation practice. “There are steady hands at the tiller.” Apple’s strong results are likely to go a long way toward easing investors’ worries about the health of Mr. Jobs, a survivor of pancreatic cancer who received a liver transplant in early 2009, and was due to take an indefinite medical leave. Apple said its net income in the last three months of 2010 rose 78 percent from a year earlier to a record $6 billion, or $6.43 a share, from $3.4 billion, or $3.67 a share, a year earlier; revenue soared more than 70 percent.