Digital Profits

As companies have been announcing their Q3 profits it seems that the Digital market is emerging from the credit crunch. Companies in this sector all over the world have been announcing record profits:

• Apple profits have jumped up by 47% on the back of increased iPhone and iMac sales
• Google profits have seen a rise of 27% even before they start rivaling Amazon's Kindle in the eBook market
• LG Dacom, a South Korean fixed-line carrier has posted a rise of 3.2%
• IBM have reported a 14% rise due to a focus on software and services rather than hardware

There are sectors that continue to struggle but with the Digital sector pushing forward this is sure to kick start an up turn in economic fortunes. It does also highlight the strength on online and digital media against the more traditional industries.