Tuesday, April 20, 2010

Apple Says Profit Rises 90 Percent on IPhone Sales

This is an article that shows the amazing growth that Apple has seen in the past quarter. I think this reflects an increase in consumer confidence. However, I believe it is important to keep in mind that last quarter was a difficult time for many companies and any growth that is being seen may be a result of a poor previous quarter. Never the less, Apple's Stock is currently at its all time highs, trading at $244.59.
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2 comments:

  1. John CarlsonApril 21, 2010 at 9:29 AM

    Interesting article. I wonder if profits will continue to rise with the supposed opening of the iPhone to use for Verizon customers.

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  2. jjfuenteApril 21, 2010 at 9:47 PM

    Specifically, the increase in Iphone sales surprises me. I thought with the other items that have been introduced into the market lately with similar features, sales would have plummeted.

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