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Apple reports 50% jump in Q1 profit to $3.38 bn, doubles iPhone sales

Posted by dillesh on January 26, 2010

Apple doubles its iPhone sales and registered a 50% jump in its profit in fiscal Q1 financial which ended on December 26th, whereas the Mac sales up 33%. The interesting thing to look at is, the iPod sales have seen a drop up to 8% when compared to its sales in the earlier year. Apple revenues stood at $15.68 billion with a 32% rise in revenue, according to consumer electronics report. On the whole, Apple showed a $3.38 billion profit in Q1 from $2.26 billion or $3.67 a share which was $2.50 a share in the last year. Additionally in this quarter, Apple has adopted a new accounting principle for subscription devices such as the iPhone and the Apple TV. Read the rest of this entry »

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