Apple posts surge in profit, sales
April 21st, 2010 - 8:31 am ICT by IANSSan Francisco, April 21 (IANS) Apple has reported that its profits and sales jumped in the second quarter, citing increasing demands for the company’s smart phones and computers.
In Apple’s fiscal 2010 second quarter, it earned $3.07 billion, an increased of nearly 90 percent from $1.62 billion in the same period a year earlier, Xinhua reported.
The numbers of profit and sales beat analysts’ estimates. According to Thomson Reuters, analysts expected earnings a share of $2.45 on revenue of about $12 billion.
Apple said it sold 8.75 million iPhones in the most recent three months, representing a leap of 131 percent over the year-ago quarter. Sales of Macintosh computers also rose 33 percent to 2.94 million units, though iPod sales dropped one percent to 10.89 million units.
“We’re thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent,” Steve Jobs, Apple’s chief executive officer, said in a statement.
“We’ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year,” he added.
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