Apple Reports $1.14 Billion Profit as Sales Jump 27%
October 21, 2008 by Guru
Filed under Technology
TECHNOLOGY ALERT
from The Wall Street Journal.
Oct. 21, 2008
Apple reported a $1.14 billion profit as sales jumped 27% to $7.9 billion, as demand for the company’s premium products held up amid the souring economy. CEO Steve Jobs said he was unsure “how this economic downturn will affect Apple” and the company gave a wide range of financial targets for the holiday quarter. In the September quarter, unit shipments of Macintosh computers rose 21%, while iPod unit shipments rose 8%. The company also shipped 6.9 million iPhones.
Guru’s Note: My daughter just gave me a luscious new Nano Chromatic in Guru Orange. I think Apple will still shine during the holidays.
FOR MORE INFORMATION, go to: http://online.wsj.com/public/page/news-tech-technology.html?mod=djemalertTECH
