Apple shuns downturn with 47% profit surge

Apple shuns downturn with 47% profit surge

Apple has reported a 47% increase in profit to £1bn in the three months ended 26 September 2009, as strong sales of the iPhone helped the company to shun the economic downturn.

IPhone sales rose to 7.4 million devices – half a million more than the previous year – after Apple unveiled its faster 3GS version in June and cut the price of its predecessor, the 3G.

The US based company’s sales jumped 25% to £6.1bn.

However, the manufacturer sold 10.2 million iPods in the quarter, 8% fewer than last year.

Investors are anticipating more growth for the iPhone as the company is due to start to selling the product in China on October 30.

Apple chief executive, Steve Jobs, said the company was ‘thrilled’ to have sold more Macs and iPhones than in any previous quarter.

He added: ‘We’ve got a strong line-up for the holiday season and some really great products for 2010.’

Written by Mobile Today
Mobile Today


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