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Thursday, April 23, 2009

iPhone Sales Strong In Weak Economy

Apple Inc. reported Wednesday that it had sold nearly 3.8 million iPhones in its second quarter, ended March 28th. Both revenues and profits for the quarter were up for the company with iPhones and iPods leading the way, computer sales were down 3% from 2008 figures. "We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history," Peter Oppenheimer, CFO, said in a news release. Investors reacted on the news with Apple stock jumping $2.75 to $124.26.