Apple sells another 7 million iPhones and increases profit by 47%

by Nick Marshall | October 20, 2009 11:42 AM | Comments

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Apple has reported that there are now another 7 million fan boys worldwide thanks to better than expected sales of the iPhone 3GS over the past 3 months.  The news came in the Q4 2009 conference call where Apple shocked analysts and investors by reporting $9.87 billion in revenue and a quarterly profit of $1.67 billion.  The better than expected revenue and profit resulted in earnings per share of $1.82, up from the $1.42 prediction.  If you are wondering how this is possible in such harsh economic times you can thank the $99 iPhone 3G and some clever advertising to help steer more customers into Macs.  The numbers speak for themselves, Apple sold 3.05 million Macs (17% increase from last year), 10.2 million iPods (eight percent decrease) and 7.4 million iPhones (seven percent increase).

[Via Yahoo! Finance]

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