Tuesday, October 21, 2008

Apple (AAPL) Stock Keeps Rising

Apple Inc on Tuesday reported a fiscal fourth-quarter profit of 1.14 billion dollars, or 1.26 dollars a share, up 24 per cent from a profit of 904 billion dollars in the same quarter last year.

The company shipped 2,611,000 Macintosh computers during the quarter, representing 21 per cent unit growth and 17 per cent revenue growth over the year-ago quarter. It sold 11,052,000 iPods during the quarter, representing 8 per cent unit growth and 3 per cent revenue growth. Quarterly iPhone units sold were 6,892,000 compared to 1,119,000 in the year-ago-quarter.

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