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Apple Profit Up 15 Percent, Helped by iPhones |
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Apple Profit Up 15 Percent, Helped by iPhones
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By Allen Tsai | Wed Jul 22, 2009 5:02 am |
Apple posted a 15 percent jump in third quarter profits on a wave of iPhone and laptop sales despite a economy that has crippled consumer spending.
The Cupertino, Calif.-based company said it sold more than 5.2 million iPhones in the quarter -- over seven times what it moved in the same period last year -- due in part to its newly launched third-generation iPhone 3GS.The company reported earnings of $1.23 billion, up from $1.07 billion in the 2008 quarter. It posted a $3.1 billion first quarter profit. "In a better economy I think we would have sold even more," said Apple's Chief Financial Officer Peter Oppenheimer. Its CEO and co-founder Steve Jobs was recently back from medical leave.
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Thu Feb 09, 2012 11:10 am | By
Apple will hold a launch event for the iPad 3 in the first week of March, as the company updates its tablet to stay ahead of rivals.
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Wed Feb 08, 2012 4:09 pm | By
Apple is facing increasing animosity over working conditions at its Chinese factories, as protestors gather to demonstrate against the iPhone maker's controversial labor issues.
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Wed Feb 08, 2012 2:30 pm | By
Carriers are struggling with the financial burden of iPhone subsidies, offsetting the cost of carrying Apple's coveted device with broadening product line-ups and raising plan prices.
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Wed Feb 08, 2012 1:49 pm | By
Apple is asking European regulators to rewrite existing fair use patent laws, a move positioning Apple to make millions off existing technologies as its legal battles stumble.
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Wed Feb 08, 2012 12:12 pm | By
Apple hasn't improved factory working conditions, a teenaged worker told CNN, adding controversy to the iPhone maker's Chinese labor troubles.
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More Phones: Apple |
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Editorials & Opinion
By Margaret Rock
The 54th Grammy Awards is just days away, and the show will harness mobile and social media technology as old media tries to keep pace with new trends among its viewing audience.
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