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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.

 

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