Apple Earnings

Technology giant from the United States, Apple, managed to get out from recession with recorded profit increase due to strong demand iPhones, laptops, and desktop computers.

In the last three months ended 26 September 2009, Apple recorded net profit of US$ 1.67 billion or up 47% from the same period in the previous year. The increase was leveraged by increasing sales by 25% which is US$ 9.87 billion.

Apple Earnings Reached New Record

Apple, Monday (19/10) local time, reported its quarterly net profit reached 1.67 billion dollars and the sales of iPhones and Macintosh computers are touching a new record.

Apple's earnings recorded 9.87 billion U.S. dollars during the this quarter ended 26 September and there is an increase compared to last year which was 7.9 billion dollars for the same period.

Apple quarterly profits of 1.82 dollars per share increased significantly compared to the same quarter last year when reported profits are 1.14 billion dollars, or 1.26 cents per share.