Apple: Record Profits Amidst Uncertainty in Silicon Valley [VIDEO]

Mac OSX Lion was launched a day after Apple reported record profits in the last quarter. There are predictions that Apple will go on to turnover $120 billion in this fiscal year.

However, the PriceWaterhouseCoopers MoneyTree Report, also just released, points out that although VC investment has been at its greatest in the first quarter of this year since 2008, there are indications that the VCs themselves are having trouble finding funding.

While there is much debate about whether Silicon Valley is in the midst of a bubble or not it does seem that growth in the tech market sector is very mixed.