Will Apple release new iMacs on Tuesday, May 3??

This is interesting, according to AppleInsider  Apple will release new iMac models next Tuesday, May 3. Citing “people familiar with the matter” who have “continually provided accurate information,” AppleInsider states that the next iMacs will sport second-generation Intel Core i5/i7 chips and a Thunderbolt port. It could not be confirmed at this time if the new iMacs will feature changes to the display sizes.

AI also states that its sources said the early morning hours of May 3 at Apple Retail stores will be a “visual night” which means that the new iMacs should be on sale the day they are announced. “Visual night” is the term when Apple retail employees stay through the night and change merchandising and display planograms in the store in order to prepare a new product for sale. In this case, the older iMacs will be removed and replaced by the newly announced models.

EA drops the price on Madden NFL 11 for iPad in time for the Draft

EA Mobile’s popular Madden NFL 11 for the iPad is now available for $6.99 for a limited time, we are guessing it will only last during the NFL draft, so grab it while you can as this price drop is almost 50% off the regular price of $12.99.

The app brings the gameplay of the Madden iPhone football series to big screen of the iPad. The iPad version makes it easier to draw hot routes for passing, running and defense and includes a vintage football mode that emulates those long-lost days of electric football games.

The game features 32 NFL teams and a roster of over 2,000 current players. You can play head-to-head against friends or play through a 16-game season that lets you make trades and monitor performance stats. Interested Football fans can grab the iPad version of Madden NFL 11 from the App Store.

Apple beats Microsoft in quarterly profit!!!!

Today Microsoft announced their net profit for the first calendar quarter of 2011. That net profit was $5.23 billion, or $760 million dollars less than Apple’s $5.99 billion net profit over the same period. For those keeping track, first Apple surpassed Microsoft in market capitalization, next they surpassed Microsoft in quarterly revenue, and now Apple has surpassed Microsoft in quarterly profits. Surpassing Microsoft’s net profit is quite an accomplishment given the typical high-margin sales of Microsoft’s software and the lower-margin sales of Apple’s hardware.

Matter of fact, by every standard financial measure, Apple has now surpassed Microsoft to be the most profitable and valuable tech company on the planet. No wonder some people think Apple is headed to be the first trillion dollar company.