Apple Records $1.7 Billion Q4 Profit

Apple Records $1.7 Billion Q4 Profit

Published: October 20, 2009 @ 9:07 am
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By the Hollywood Reporter

Apple made up for falling sales of iPods by selling more Mac computers and iPhones during the quarter than it has before, pushing the company to a $1.67 billion profit, up 46% over the year-ago frame.

The company reported on Monday that revenue rose 25% to $9.87 billion in the fiscal fourth quarter.

Revenue and profit both exceeded the expectations of Wall Street analysts and investors responded by bidding shares of Apple as much as 7% higher in after-hours trading, pushing it to a 52-week high.

Read more at the Hollywood Reporter.

Tags: Apple, Deal Central, iPhone, third quarter
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