Loading ...Apple’s Profit Climbs 47% as Sales Gain
Strong sales of the iPhone and Macintosh computers helped Apple post strong gains while rivals still struggle.
SAN FRANCISCO - Apple, in its recent history, has overcome nearly every obstacle thrown its way. Now it has surpassed another: the burden of high expectations.
Apple managed to surprise optimistic investors, posting a 47 percent increase in profit in the fourth quarter and handily beating Wall Street’s estimates. Renewed sales of Macintosh laptops and the continued popularity of the iPhone around the world helped to lift Apple’s bottom line.
“It’s a pretty impressive quarter given that consumers are still trying to figure out whether they want to spend again,” said Gene Munster, a securities analyst at Piper Jaffray.
Full Story Via nytimes.com
Filed under: Technology News
