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Apple Profits Increase 50%
Submitted by admin on January 26, 2010 – 10:53 amNo Comment
Apple has announced a 50% increase in profits after seeing a bumper Christmas period, in which sales of iPhones doubled from a year ago.
Net income rose to $3.38bn (£2.08bn) in the three months to 26 December, from the $2.26bn it made the previous year.
Apple said it sold 8.7 million iPhones in the quarter. Sales of Macs also rose 33%, although iPod sales fell by 8%.
Apple shares rose $5.33, or 2.7%, to close at $203.08 in New York before the results came out.
In extended trading the shares rose a further $1.28 to $204.36.
BBC report: news.bbc.co.uk
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