Apple Reports Best Non-Holiday Quarter Ever, Apple Stock Up 6%

Posted: Apr 21 2010, 10:03am CDT | by , Updated: Aug 11 2010, 8:41pm CDT, in News | Apple

 
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Apparently Apple does everything right if you just look at the numbers. They lost the new iPhone 4G in some bar, but that will not have any negative impact on the future iPhone sales. Apple sold 8.75 million iPhones last quarter, representing 131% unit growth over the year-ago quarter.
Overall Apple reported the best non-holiday quarter ever, with revenues up 49% and profits up 90%. The coming Holiday Shopping Season are set to become yet another record for Apple.

Apple is also bullish on the next quarter. Apple expects revenue in the range of about $13.0 billion to $13.4 billion and diluted earnings per share in the range of about $2.28 to $2.39.

Apple's stock rose already almost 6% in early morning trading getting close to $260.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () 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.

 

 

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