Apple Profits Up 50 Percent on iPhone Sales

By Allen Tsai | Tue Jan 26, 2010 9:32 am

Apple said a surge in iPhone sales worldwide resulted in record-high fourth-quarter profits, a day before the company is expected to unveil its new tablet computer.

Top News

Angry Birds May Fight Off Alzheimer's

Tech Hipsters Not So Cool Now

Cyber-Attacks to Surpass Terrorism Threat, FBI Says

Super Bowl Breaks Twitter Record

Oklahoma Wants to Tax Video Games, Stirs Debate Over Violence

More News >

Apple iPhone 3GS

The Cupertino, Calif.-based company said it sold 8.7 million iPhones last quarter -- more than double from a year ago -- but below some analysts' expectations of 9 million shipments.

Overall, it posted a quarterly profit of $3.4 billion, up from $2.3 billion a year earlier, while revenue climbed to $15.7 billion from $11.9 billion.

"We're thrilled to report our best quarter ever," said Peter Oppenheimer, Apple's chief financial officer.

Apple is widely expected to unveil the iPad, its new tablet computer featuring a 10- to 11-inch touch screen and a virtual keyboard, at an event tomorrow.

Sources say the device will let users browse the Web, listen to music, watch movies and television shows and also read e-books and newspapers and may start selling in March for as much as $1,000.

Posted In: Apple (1087) | iPhone (635) | Reports (620)

Related News

IPad More Satisfying Than Kindle, Study Says

Fri Feb 03, 2012 2:23 pm | By
Amazon's Kindle Fire is a bigger success than most tablets on the market, but new research reveals several reasons why it has yet to match the iPad.

Germany Lifts Apple Ban, But Motorola Victory Stands

Fri Feb 03, 2012 1:51 pm | By
Apple won a reprieve against a German court order banning online sales of Apple's devices, but Motorola eked out a victory that may affect future patent battles.

Apple, Samsung Escalate Patent Battle in Australia

Fri Feb 03, 2012 11:53 am | By
Apple is widening its patent case against Samsung in Australia, suggesting the lawsuit between the two competitors is going to intensify before any resolution.

Apple Hires Xbox Exec to Push Gaming

Thu Feb 02, 2012 3:12 pm | By
Apple hired a former member of Microsoft's Xbox Live team to head its App Store in Europe, in a move to boost its momentum in apps and games.

Apple Gains on Rivals, IPhone Sales Break Record

Thu Feb 02, 2012 1:31 pm | By
Apple's iPhone sales hit new highs in the fourth quarter, propelling the tech giant to its perch as the world's third-largest cell phone manufacturer.

Related Phones


Apple iPhone 4S	Apple iPhone 4 (CDMA)	Apple iPhone 4	Apple iPhone 3GS	Apple iPhone 3G
AT&T / Sprint / Verizon	Verizon	AT&T	AT&T	AT&T

More Phones: Apple

Editorials & Opinion

NUTS: Facebook Preps for IPO, Apple Edges Out Samsung

By Kate Knibbs

Facebook made waves as it prepared to file for its IPO, while Apple edged out Samsung for smartphone dominance, and RIM and Sony plotted comebacks under new leadership.