Ten years ago, Apple and Yahoo were in very different financial situations.
Apple had hit rock bottom and was trading for a few bucks a share, while Yahoo was the Internet darling at the height of the Internet boom. In the past couple of years, they quietly exchanged places, and their earnings calls this week bore that out clearly.
Apple's fourth-quarter profit soared past expectations on extremely strong sales of the iPhone, but revenue was a little light. iPhone sales were astonishing during the quarter: Apple sold 6.9 million iPhone 3Gs during the quarter, which was far more … Read more