Apple Profits Up A Whopping 47%

Big Profits

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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