Apple Stock surges on Earnings Report

Oct 22 2008, 2:02am CDT | by Luigi Lugmayr

Apple reported its fiscal 2008 fourth quarter which ended September 27, 2008 and the great numbers pushed the stock up 13% in after hours trading. Apple shipped 6,892,000 iPhones and 11,052,000 iPods in the 4th Quarter alone. The overall iPhone sales have now reached 13 million.

Apple Macintosh computer sales reached 2,611,000 in the Quarter adding to the revenue of $7.9 billion and net quarterly profit of $1.14 billion.
Steve Jobs was present on the earnings call and he could not hold back with this statement: "Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone—we sold more phones than RIM.".

Jobs has all the rights to brag about the iPhone's success. The iPhone had the biggest impact the mobile phone industry has seen in a long time. Now every mobile phone maker offers touchscreen phones and launches an Apple store.
Via this Apple press-release.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.