MobileRead Forums - View Single Post - Apple Profit Seen Rising on Record IPad Sales

kennyc · 07-21-2011, 08:29 AM

Apple Inc. (AAPL) is set to post a 69 percent jump in quarterly profit when it reports results today, after record buying of the iPad and Mac computer made up for weaker demand for its aging iPhone 4.

Profit rose to $5.5 billion in the fiscal third quarter, which ended June 25, according to the average prediction of analysts in a Bloomberg survey. Sales gained an estimated 59 percent to $25 billion.

http://www.bloomberg.com/news/2011-0...hone-lull.html

07-21-2011, 08:29 AM	#1
kennyc The Dank Side of the Moon Posts: 35,930 Karma: 119747553 Join Date: Sep 2009 Location: Denver, CO Device: Kindle2 & PW, Onyx Boox Go6	Apple Profit Seen Rising on Record IPad Sales Apple Inc. (AAPL) is set to post a 69 percent jump in quarterly profit when it reports results today, after record buying of the iPad and Mac computer made up for weaker demand for its aging iPhone 4. Profit rose to $5.5 billion in the fiscal third quarter, which ended June 25, according to the average prediction of analysts in a Bloomberg survey. Sales gained an estimated 59 percent to $25 billion. http://www.bloomberg.com/news/2011-0...hone-lull.html