Apple makes $6 billion net profit, sells 16.2m iPhones, 7.3m iPads

[Grimes]

Squilliam said:

Joelcool7 said:

The only reason Apple makes so much money is reselling their product over and over again every year. Each year they release a new model for I-Phone, I-Pod and now I-Pad. Each version has some new features which make it a must for Apple fans, these fans go out buy the newest phone , Pad or Pod.

And yet, all the people I know with Macs/Ipods have often got REALLY OLD versions. They bought them new back in the day. Hell I even know of someone who has a G4 Macbook from 2003 or thenabouts. Apple is also really good at supporting older hardware in comparison to other competitors. They only just dropped the iPhone 2G from support and how old is that again? Whereas with many competitor products the companies have dropped support for their new devices sometimes as little as 6 months down the track with users having no easy way to update to the latest version.

Yeah, there is a very healthy used market as well. Apple seem to hold their prices much better than the competition. The people who upgrade can sell their stuff pretty easily for good prices.