Thursday, July 26, 2007

Apple Profit Soars 73% as Sales Rise - New York Times

Maybe they should change it back to "Apple Computer Inc." for a while... 

The company’s gross margins rose substantially during the third quarter, to 36.9 percent from 30.3 percent in last year’s quarter. Mr. Oppenheimer said Apple’s margins benefited from favorable pricing for components like memory chips.

“The upside was clearly the health of the Mac business,” said A. C. Sacconaghi, an analyst with Sanford C. Bernstein & Company. “Apple’s in a really attractive position, where the Mac’s component prices are falling but they’re able to charge the same prices.”

Apple Profit Soars 73% as Sales Rise - New York Times

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