Apple Profits Up 50%
January 26, 2010 at 4:20 AM (PT)
Good financial news for APPLE -- just before the unveiling of its much rumoured new touch-screen tablet. APPLE's fiscal Q1 profit was up an incredible 50% to $3.4 billion, or $3.67 a share. Just one year ago, the company posted a to $2.3 billion, or $2.50 per share quarter.
Revenue also hit an all-time high, jumping 32% to $15.7 billion.
THE NEW YORK POST reports APPLE sold about 3.4 million MAC computers in the quarter, up 33% from a year ago, and 21 million iPODs, an 8% drop.
Tablet Coming This Week?
"The new products we are planning to release this year are very strong, starting this week with a major new product that we're really excited about," JOBS said in a statement.