Brilliant Technologies Corp. (fka BLLN)

[grovertdog]

It is even MORE entertaining to imagine folks still believe in BLLN, "the little engine that couldn't". Heck, the Qtrax website contains all of seven words and they couldn't even punctuate correctly!

Itunes IS struggling, though. It only accounts for 70% of WORLDWIDE digital music sales and has been the #1 music vendor in the US since April, 2008.
http://en.wikipedia.org/wiki/ITunes_Store

iTunes sales tally hits 10 billion in Feb. 2010.
That means that, on average, more than 46 songs have been purchased on iTunes every single second, since the store launched on April 28, 2003.

And interestingly enough, iTunes continues to operate just above break even. Why? Well, obviously, the purpose of iTunes is to fuel purchases of iPods, iPhones, Macs, and iPads. How is this working for Apple?

Last quarter's profit of $6 billion ($6.43 per diluted share) on record revenue of $26.74 billion. This was more than $10 billion higher than the year-ago quarter’s revenues of $15.68 billion and almost twice the year-ago quarter’s profit of $3.38 billion. Apple closed the quarter with $59.7 billion cash on hand, an increase of $8.7 billion since last quarter.

And what about the products? An impressive 4.13 million Macs were sold (a year-over-year increase of 23 percent); 16.24 million iPhones reached customers this quarter (an increase of 86 percent from a year ago); and 19.45 million iPods went out the door. Apple also sold 7.33 million iPads during the quarter, producing enough revenue—$4.61 billion—for the tablet to become the second-largest revenue-producing product line in Apple’s portfolio. All told, Apple has sold over 160 million iOS devices and would have sold more—especially iPhones—if they could have made them quickly enough.

Worldwide, Apple has been on a juggernaut-scale roll, with revenue growth occurring everywhere: the Americas saw a 51 percent increase; Europe saw growth go up 44 percent; Japan increased revenues by 83 percent, and Asia-Pacific dominated all other regions with a 175 percent increase. One of the reasons for that last staggering figure is Apple’s recent focus on China: revenue growth for “greater China” (mainland, Hong Kong, and Taiwan) increased fourfold over the previous year’s figures.

Apple now ranks #2 in the world in market cap, trailing only ExxonMobil.
http://ycharts.com/calculations/rankings/market_cap

I like this kind of struggling.

Of course, AK's brilliance and dogged work ethic will bring Qtrax from the ashes like a phoenix, changing the way the world listens to music. I think I'll short AAPL on Monday.