Market Updates
Apple Net Surges 50%
123jump.com Staff
26 Jan, 2010
New York City
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Apple Inc in the after-hours trading edged higher after it reported quarterly earnings of $3.38 billion or $3.67 a share and sales increase of 32% to $15.7 billion.
[R]7:00 PM New York – Apple Inc in the after-hours trading edged higher after it reported quarterly earnings of $3.38 billion or $3.67 a share and sales increase of 32% to $15.7 billion.[/R]
Apple Inc after the close reported first quarter income of $3.38 billion or $3.67 a share compared to $2.26 billion or $2.50 a share
Sales increased 32% to $15.7 billion. In the quarter, Apple sold 8.7 million iPhones and 3.36 million Macs, an increase of 33% from a year ago.
Apple Asia Pacific sales surged 500% and in Japan soared 400%.
Apple also sold 21 million iPod media players that included iPod Nano with camera, a decline of 8% from a year ago quarter.
Apple has steadily increased market share in the personal computer and smartphone segments and industry analysts estimate its market share in the personal computer of more than 7.3%.
Apple is also estimated to be the second largest smartphone maker trailing only Research in Motion Ltd’s Blackberry Curve.
For the fiscal second quarter Apple guided earnings between $2.06 and $2.18 a share and revenues between $11 billion and $11.7 billion.
Apple is widely expected to release a tablet device this Wednesday and may also release new software platform for its iPhone.
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