Apple, maker of the iPhone and inventor of the iPods, has its profits jump to 47 percent on surging iPhone and Macintosh computer sales in the latest quarter. Though other IT companies had similar up-trending results (e.g. Google), Apple’s achievements was way more outstanding.
Shares went up to $1.82 a share creating profit worth $1.67 billion. This has surpassed Wall Street’s forecast and was certainly a pleasant surprise.
“We’ve got a very strong line-up for the holiday season and some really great new products in the pipeline for 2010,” said Steve Jobs, Apple chief executive.
Good for Apple. I hope that they do release more products which are innovative and at the same time creative so that competition remains fierce giving consumers the benefit.
[image from http://www.mapds.com.au]
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