Apple profits jumped an annual 47% on surging iPhone and Macintosh computer sales in the third quarter, capping a remarkable boom year for the company. While Google and other tech companies have recently reported strong results or improved outlooks, none have outstripped expectations as markedly as Apple. Q3 unit sales of Apple iPhones rose 7% yoy and Mac computer shipments jumped 17%. Overall profit increased to a record $1.67bn from $1.14 bn a year ago. In after-hours trading, Apple stock gained more than 7% to pass $200 a share for the first time.

This entry was posted by Gwen Robinson on Tuesday, October 20th, 2009 at 5:02 and is filed under Capital markets. Tagged with apple. Edit this entry.