Apple promises new products by year end - guess what

Posted on Jul 21, 08 04:25 PM PDT

Apple has just released record quarterly revenues, but the company had "one more thing" to announce: Steve Jobs, Apple's CEO promised that Apple will be out with new products by year end. The CEO said "We're busy finishing several more wonderful new products to launch in the coming months".

Also, Peter Oppenheimer, Apple's Chief Financial Officer said that the company will be making a product transition that cuts back on its profit margins to help shut out rivals. The mystery transition will drop Apple's gross margins from 34.8 percent to 31.5 percent in the July-September window in which the update takes place, ultimately setting at about 30 percent at the start of Apple's fiscal 2009. There are no details on the product but as explained by Oppenheimer, cost will be the driving force. The new, unnamed product will continue to have "technologies and features that others can't match," according to the Oppenheimer.

So what do you think this could be? Mac Tablet? QWERTY iPhone? iTV? Post a comment.

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