Apple shares surge thanks to iPhone.Summary: Apple shares surged to an all-time all-time adj. Exceeding all others up to the present time: an all-time speed skating record. all-time Adjective Informal high after the firm delivered sales and profit figures well ahead of Wall Street forecasts. Apple shares surged to an all-time high after the technology giant delivered sales and profit figures well ahead of Wall Street forecasts. Shares in the California-based company rose more than 6 per cent in after-hours trading after-hours trading The trading of securities after the exchanges are closed. After-hours trading often refers to trading a listed security in the over-the-counter market after the exchanges have been closed for the day. . The firm earned 1.7 billion US dollars (Au1 billion) in the three months to September September: see month. 26, an increase of 47 per cent after sales jumped 25 per cent to 9.9 billion US dollars. Apple has weathered the economic storm better than many other computer companies, giving it an edge when PC sales started to grow in the quarter. With the company unveiling a faster iPhone in June June: see month. and cutting the price of the previous generation of the product, iPhone sales rose to 7.4 million devices, half a million more than in the same period of 2008. Meanwhile, sales of Apple's regular iPod A family of extremely popular digital media players from Apple, introduced in 2001 for the Mac and 2002 for Windows. iPods are noted for their well-designed, simple user interfaces that employ either a click wheel or touch screen (see click wheel and iPod touch). music player have suffered as a result of the popularity of the iPhone, which has iPod features built in. The company sold 10.2 million iPods in the quarter, 8 per cent fewer than last year. Independent Television News Limited 2009. All rights reserved. Independent Television News Limited 2009. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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