20/Aug/2014 - Last News Update: 08:59

Apple sees profits increase 50%

Category: Business

Published: 25th Jan 2010 21:50:46

Apple has reported a 50% increase in profits after seeing its most profitable quarter ever over the Christmas period.

Net income rose to $3.38bn (£2.08bn) in the first-quarter, compared with the $2.26bn it made a year ago.

Sales rose to $15.7bn. Apple said it sold 8.7 million iPhones and 3.36 million Macs in the quarter.

On Wednesday, the firm will announce a new product, widely expected to be a touch-screen "tablet" computer.

The company has previously used January launches to unveil products including the iPhone and the MacBook Air.

Apple shares rose 2.6% to $202.87 in New York before the results came out.

BBC News External Link Show Citation

Latest News

Harvard Citation

BBC News, 2010. Apple sees profits increase 50% [Online] (Updated 25th Jan 2010)
Available at: http://www.ukwirednews.com/news/13347/Apple-sees-profits-increase-50 [Accessed 20th Aug 2014]

News In Other Categories