Tuesday, July 19, 2011

Apple Profit Seen Rising as IPad Buying Makes Up for IPhone Lull - Businessweek

Speculation about Apple’s earnings announcement later today

Apple Inc. is set to post a 69 percent jump in quarterly profit when it reports results today, after record buying of the iPad and Mac computer made up for weaker demand for its aging iPhone 4.

Profit rose to $5.5 billion in the fiscal third quarter, which ended June 25, according to the average prediction of analysts in a Bloomberg survey. Sales gained an estimated 59 percent to $25 billion.

Apple Profit Seen Rising as IPad Buying Makes Up for IPhone Lull - Businessweek

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