Doing nicely, thank you

From today’s New York Times Blog

Investors are all in a tizzy that Apple is only promising them a 30 percent growth, year over year, in its first-quarter revenue. But looking at the company’s fourth-quarter 2007 results, it’s clear that the company is doing very, very well.

Of all the blizzard of statistics that get thrown out on an earnings call, here’s the one that cuts through the clutter: $3 billion. That’s the amount of cash Apple stuffed in its bank accounts during the last three months of the year, giving it $18 billion in reserves…

But iPod sales are levelling off in the US. Market reaching saturation?