Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Apple CEO Steve Jobs Paul Sakuma/AP

'Phenomenal' results from Apple

Stock markets rise as result of better-than-expected earnings.

GAINS have been seen on world markets as a result of better-than-expected earnings from Apple.

Revenues rose 88% in the third quarter up to June 26 to $15.7bn and the company saw a 78% jump in profits yesterday. The results show income jumping to $3.25 billion, or $3.51 per share, from $1.8 billion, or $2.01 per share a year ago. Shares for Apple are up 5% as a result.

According to Business Insider iPad, Mac, and iPod shipments were all stronger than expected: Apple shipped 3.27 million iPads, 3.47 million Macs, and 9.4 million iPods during the June quarter.

Reacting to the results Steve Jobs said “it was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4,” said Apple’s CEO. “iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year.”

This good news comes despite reports of antenna problems with the iPhone 4. Bloggers however are said to be positive about Jobs recent conference on the phones problems.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
JournalTv
News in 60 seconds