Wed Jul 22, 2009 9:02 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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