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Beware Country-Specific iTunes Stores

If you buy an iPhone, iPod touch, or iPad, and you happen to be a user of the iTunes Store in more than one country, take note which country's store you're viewing in iTunes when you plug in the device for the first time. This will be the country the device will register with, and you will be forever barred from purchasing or even updating free apps from anywhere else. The only way out is to delete everything on the device and do a full restore.

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Other articles in the series Apple Financials

 

 

Apple Racks Up $101 Million Profit

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Apple Racks Up $101 Million Profit -- Apple Computer last week announced a profit of $101 million for the third fiscal quarter of 1998, although bolstered by $26 million in one-time investment gains. $101 million works out to $.65 per share, almost double analysts' estimates of $.33 per share. Revenues for the quarter equaled last quarter at $1.4 billion, gross margins were 25.7 percent (the highest in three years, thanks to the Power Macintosh G3s and PowerBook G3s), and Apple CFO Fred Anderson said that company has almost $2 billion in cash on hand. Anderson also noted that the introduction of the low-margin iMac in the next fiscal quarter will drive down gross margins but should increase revenues. [ACE]

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