Apple Profits Up A Whopping 47%
October 20, 2009 at 5:23 AM (PT)
APPLE is pretty happy with Q3, with strong sales of MACs and the iPHONE leading the company to one of its most profitable quarters ever. APPLE reported profits up 47%, and revs up 25% for its Q3 report. Profit rose to $1.67 billion, or $1.82 a share, compared with $1.14 billion, or $1.26 a share, a year ago. Revenue rose to $9.87 billion from $7.9 billion.
APPLE sold nearly 3.1 million MACS in the quarter, reports THE NEW YORK POST, a 17% gain compared with a year ago. iPHONE sales rose 7% percent to 7.4 million.
"We are thrilled to have sold more MACs and iPHONEs than in any previous quarter," said CEO STEVE JOBS.
APPLE's stock closed at $189.86 -- but in after-hours trading YESTERDAY (10/19) jumped another 8%, to $204.85.
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