Tuesday, October 20, 2009

Apple’s Profits Rise 47 Percent on Strong Mac Sales - NYTimes.com

Another impressive quarter from Apple, which, according to Fake Steve, has another surprise in store for today

Apple, in its recent history, has overcome nearly every obstacle thrown its way. Now it has surpassed another: the burden of high expectations.

Apple managed to surprise optimistic investors, posting a 47 percent increase in profit in the fourth quarter and handily beating Wall Street’s estimates. Renewed sales of Macintosh laptops and the continued popularity of the iPhone around the world helped to lift Apple’s bottom line.

Apple’s Profits Rise 47 Percent on Strong Mac Sales - NYTimes.com

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