Archive for the ‘News’ Category

Apple earnings well beyond Wall Street forecasts

08/05/2011 Comments off

Image representing Apple as depicted in CrunchBase

Image via CrunchBase

Apple reported their quarter earnings that exceeded analysts’ expectations for their sales of iPods, iPhones, and Macs. Apple’s shares increased by about more than 5% in extended trading.

The company said that they earned $3.07 billion, or $3.33 a share, in its fiscal second quarter, which was $1.33 a share a year before. Most recent sales went up to $13.5 billion, which was $8.163 billion last year.

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