Apple Notebook Core Drives Profit 73% Higher
Apple yesterday posted a 73% jump in quarterly profit, thanks to strength in its core Macintosh computer business. The Cupertino, California-based company also said it plans to ship its iPhone smartphone-iPod combo device in Europe by years end in a few major countries. The company posted a profit of $818m, or 92 cents a share, compared to $472m a year ago. Revenue climbed 24% to $5.4bn from $4.4bn last year. This beat Wall Streets expectations and Apple stock rose more than 9% to $12.92 in after-hours trading on the Nasdaq yesterday. While Apple last year dropped Computer from its name, Macintosh computer sales still make up the bulk, or 60%, of its revenue. For the recent quarter, Mac shipments grew 33% from a year ago. MacBook and MacBook Pro notebook sales led the charge, by growing 79% during the quarter. But the topic du jour was, of course, the iPhone. During the 30 hours before its fiscal quarter ended on June 30, Apple sold 270,000 of iPhones. The company predicted it would ship 1 million of the devices by the end of September. And it stuck to its earlier target of selling 10 million iPhones by the end of next year.
I was only thinking the other day that Mac are making a big come back and there is more contest with Microsoft, this confirms what i think.