John Gruber’s takedown of the WSJ’s “people familiar with the matter.” I love the last line the most.
“People familiar with the matter”
John Gruber’s takedown of the WSJ’s “people familiar with the matter.” I love the last line the most.
Considering that the average transaction amount on an Edition is going to be at least $14K (including extra bands), and a profit margin of a few hundred percent, a million Edition sales per month would very conservatively be $10B in profit, or $30B per quarter.
Apple’s monster last quarter had a spectacular $18B in profit. That’s how crazy a million a month is.
That said, if Apple can somehow sell, say, half a million per quarter, that’s a huge boost to the bottom line. I don’t think Wall Street is taking that into account at all.
Very poetic.
Those WSJ people are intimately ‘familiar with the matter’; like an ever increasing amount of the ‘news’ from that rag, it comes directly from their nether regions…