Apple declares profits up by almost 50%

Darren Allan

October 20, 2009

Apple has announced its most profitable quarter this year, with net profits of $1.67 billion, a figure which is up 47% on the fourth quarter of last year.

The recession certainly hasn’t taken a bite out of this particular company, which is riding high on the success of the iPhone and Mac.

According to a report in the Telegraph, the company shifted over seven million iPhones (up 7% year-on-year), and flogged over three million Macs (17% up on the same quarter last year).

Shares rose to a record high on the news, which outperformed analysts’ expectations, hitting $204 (up 7.5%).

Apple’s Chief Executive, Steve Jobs, said: “We are thrilled to have sold more Macs and iPhones than in any previous quarter. We’ve got a strong line-up for the holiday season and some really great products for 2010.”

He failed to add the obvious message for his competitors: How d’ya like them apples?






 

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