Apple’s profit up 26 percent on iPhone boom (AP)
October 21st, 2008 Posted in Opinion
Apple Inc. said its profit jumped 26 percent in its fiscal fourth quarter as the newest iPhone outsold the market-leading BlackBerry from Research in Motion Ltd.
Despite the blockbuster performance, which sent Apple’s shares soaring in after-hours trading, the company issued what it called “prudent” predictions for the current quarter, because of broader economic uncertainty.
For the three months ended Sept. 27, Apple’s profit climbed to $1.14 billion, or $1.26 per share, from $904 million, or $1.01 per share in the same period last year. Sales jumped 27 percent to $7.9 billion from $6.22 billion in the year-ago quarter.
Popularity: unranked [?]
Hello and welcome to my blog! Let me introduce myself first, I am Gladys Muana Erhardt. Born and raised in the Philippines and is now living in the US with a wonderful husband.
