Apple posts strong profits on Mac and iPod sales - Macenstein

Apple posts strong profits on Mac and iPod sales

Posted by Helper Monkey

Apple shares were up over 4% in after-hours trading after the company posted profits that blew away analysts’ estimates. Apple’s profits increased 27% last quarter, due largely to increased sales of its Macintosh computers. The company sold 1,610,000 Macintoshes last quarter, including nearly 1 million notebooks. Apple posted a net income of 62¢ per share ($546 million), compared to 50¢ a share this quarter last year. Analysts had predicted Apple would post a profit of about 51¢ per share.

Apple also reported strong sales of its iPod music/video players, saying it shipped 8.73 million iPods this quarter, up 35% from last year.

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