Apple 3Q profits soar
July 22, 2008
Apple Inc., a San Francisco, Calif.-based technology company, third quarter profits jumped 31 percent, which some analysts say was helped by the new iPhone and the ever-popular sleek Macintosh notebooks. This beat Wall Street’s estimate.
This hip tech savy company posted revenue of $7.46 billion and net profited $1.07 billion, for the third quarter ending June 28, or $1.19 per diluted share. These numbers compare to revenue of $5.21 billion and net profited $818 million, or $.92 per diluted share, in year ago.
Steve Jobs, Apple’s CEO, said “We’re proud to report the best June quarter for both revenue and earning in Apple’s history.” The company shipped 2.5 million Mac computers during the quarter, according to Apple’s recent earning press release.
July 22, 2008 at 7:29 am
I love Apple computers. This is really not too surprising b/c they sell the best computers out there. Not to mention that they have the best customer service.
July 22, 2008 at 7:30 am
Apple computers are the best! It’s not wander why their profits didn’t grow by 50 percent.
peace