Apple earnings rise 31%

Published 16 months ago

On Monday, Apple Inc. saw an increase in their third quarter earnings rise to 31% thanks to Mac and iPod sales. Shares fell 9% in after-hours trading as the companies fourth-quarter earnings forecast fell below the expectations of Wall Street... more

On Monday, Apple Inc. saw an increase in their third quarter earnings rise to 31% thanks to Mac and iPod sales. Shares fell 9% in after-hours trading as the companies fourth-quarter earnings forecast fell below the expectations of Wall Street analysts. Apple announced that for the period which ended on June 28, the company had earned $1.07 billion, or $1.19 a share, up from $818 million, or 92 cents a share. Revenue rose 38% to $7.46 billion from last year's sales of $5.41 billion. Chief Financial Officer Peter Oppenheimer talked about the state of U.S. consumer spending, which has been a big factor in Apple's sales. The results are that Apple Mac sales have increased to almost 2.5 million units, a 41% jump as compared to a year ago. http://employmentcrossing.com ### less

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