April 21, 2010

Apple's Q2 Earnings Exceed Expectations

Apple has announced its second quarterly earnings and the profits have exceeded even Wall Street’s estimates. The company has generated $13.50 billion in revenue with a quarterly profit of $3.33 per share.

The company has also announced that it has sold 2.94 million Mac computers, with a 33% increase in sales from the previous year’s second quarter. It has also sold 8.75 million iPhones, with 131% growth as compared to the second quarter of the previous year. Surprisingly, sales of 10.89 million iPods have decreased at 1%, when compared to the second quarter of the previous year.

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