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Apple sees profits increase 50%
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.
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BBC News, 2010. Apple sees profits increase 50% . [Online] (Updated 25 Jan 2010)Available at: http://www.manchesterwired.co.uk/news.php/13347-Apple-sees-profits-increase-50 [Accessed 25th May 2013]
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