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IPhone's Success

Nitin says Apple Inc. (AAPL) reported second-quarter profit (2009) and sales that exceeded analysts’ estimates. Apple’s iPhones and new iPod models helped spur sales of $8.16 billion that yielded net income that amounted to $1.21 billion, or $1.33 a share, in the period which ended March 28 Apple said today in a statement. Analysts predicted profit of $1.08 a share and sales of $7.95 billion, according to a Bloomberg survey.

If customer satisfaction is a good indicator of future growth, Apple occupies the sweet spot. An extraordinary four-in-five iPhone owners (79%) report they're Very Satisfied with their iPhone - a significant lead over number two RIMM (54%) and far ahead of all other major manufacturers.

More over, a survey undertaken by ChangeWave Research, showed that better than one-in-three would purchase an iPhone beating RIM which came in second at 29%.

Additionally, the iPhone is now is over 70 countries and are leaving the 'exclusivity model' seen here in the US.

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