Home » Uncategorized

Apple Earnings Rise on Strong iPhone Sales

By: Mike Boland 20 October 2009

Apple announced fourth-quarter earnings today with profits of $1.67 billion ($1.82 per diluted share). This is up 47 percent year over year from $1.14 billion ($1.26 per share), beating analyst expectations of $1.60 per share.

Much of this growth was driven by iPhones: The company sold more than any previous quarter with 7.4 million. This is a 7 percent year-over-year increase and brings the total number of iPhones sold during the fiscal year to about 21 million.

In other notable mobile hardware news, rumors abound that a Google-branded phone could be around the corner. This is different than device manufacturers that build hardware around Google’s Android OS: It would involve greater ties between the hardware and software — in both branding and functionality.



No Comment

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.