Tuesday, January 26, 2010

Apple Posts Higher Profit, Sales - WSJ.com

Setting the tone for tomorrow’s event…

The growth was fueled by strong sales across most of Apple's product lines as iPhone shipments more than doubled and Macintosh computer sales climbed 33%.

[…]

Overall, Apple reported a quarterly profit of $3.38 billion, or $3.67 a share, up from $2.26 billion, or $2.50 a share, a year earlier. Revenue increased to $15.68 billion from $11.88 billion.

Apple said its latest results were helped by new accounting rules that allow it to recognize all the revenue for iPhone sales at the time the phones are sold.

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Apple Posts Higher Profit, Sales - WSJ.com

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