SNAPSHOT - Macs continue to gain market share in personal computers. - New version of the MacOS due out this year (Snow Leopard) will boost revenue. - The iPhone is the leading product in the mobile Internet space. - iPhone OS update this summer will fuel success of the iPhone as a platform. - Continued digital entertainment momentum with iPod family and iTunes. - Design, brand and retail strategy is driving very high margins and returns on capital. - Apple is generating piles of cash and now sits on around $25B of cash and equivalents.