Business News
Apple reports higher revenue and profit
Oct 19, 2009, 21:20 GMT
San Francisco - Apple reported higher quarterly profit and revenues Monday as customers kept buying iPhones and Macs despite the ongoing recession.
The company posted sales of 9.87 billion dollars compared to 7.9 billion dollars in the same quarter a year ago. Profits rose from 1.14 billion dollars to 1.67 billion dollars over the same period, a rise of 47 per cent.
Sales of Macintosh computers reached 3.05 million in the quarter, a rise of 17 per cent, while iPhone sales were 7.4 million, a seven per cent growth over the year-ago quarter.
'We are thrilled to have sold more Macs and iPhones than in any previous quarter,' said Steve Jobs, Apple's CEO. 'We've got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010.'
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