Apple Stock Surges On Earnings Report

Posted: Oct 22 2008, 2:02am CDT | by , Updated: Aug 11 2010, 11:10am CDT, in News | Other Stuff

/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";

Buy This Now On Amazon

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.

This story may contain affiliate links.


Find rare products online! Get the free Tracker App now.

Download the free Tracker app now to get in-stock alerts on Pomsies, Oculus Go, SNES Classic and more.

Latest News


The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]




comments powered by Disqus