updated 08:00 pm EST, Wed January 21, 2009
Apple TV sales jump
During Apple's Q1 financial conference call, COO Tim Cook noted that sales of Apple TV devices have surged three-fold from last year's quarter. The company plans to continue investing in the technology, despite the suggestion that it is still considered a "hobby." Cook also credited the rental movie business with boosting the strong performance. "We are going to continue to invest in it because we fundamentally believe there is something there for us in the future."
Several rumors circulating before the Macworld Expo suggested that the company was ready to release an updated device, possibly with more storage and enhanced functionality. The rumors regarding a launch at the San Francisco event turned out to be false.
A pending patent infringement lawsuit accuses Apple of using protected technology in Apple TV, AirTunes and even Mac computers. The suit is still in the very beginning stages, however, and any possible impact on the range of devices remains unknown.