Apple Profits rise by 50%
Posted by admin . Published on 25 January 2010, Received
Apple has announced a 50% increase in profits after seeing a bumper Christmas period, in which sales of iPhones doubled from a year ago.
Net income rose to $3.38bn (£2.08bn) in the three months to 26 December, from the $2.26bn it made the previous year.
Apple said it sold 8.7 million iPhones in the quarter. Sales of Macs also rose 33%, although iPod sales fell by 8%.
On Wednesday, the firm will announce a new product, widely expected to be a touch-screen “tablet” computer.
The company has previously used January launches to unveil products including the iPhone and the MacBook Air.
Apple shares rose $5.33, or 2.7%, to close at $203.08 in New York before the results came out.
In extended trading the shares rose a further $1.28 to $204.36.
