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How Apple's phantom taxes hide billions in profit

On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won't reflect its true profit, because the company hides some of it with an unusual tax maneuver.

 

Apple reports $3.25 billion profit on strong iPhone sales

Apple on Tuesday reported a $3.25 billion profit for its fiscal third quarter of 2010.

Senh: Very impressive. I wonder how the recent iphone 4 antenna issues affected sales. Still, gotta give it to Steve Jobs. The guy just keeps on creating one innovative product after another.

 

Samsung sees profit on TV sales

Samsung reports strong profits in the fourth-quarter of 2009 thanks to increased sales of flat screen televisions and mobile phones.

 

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