Apple Profits Beat Estimates

7:12 pm EST January 25th, 2010 | News | 1 Comment

steve jobs iphone

If Apple is doing this well now, what if the economy wasn’t in the crapper?

Apple on Monday reported growth in revenue and net income for the first quarter of 2010, buoyed by strong iPhone and Mac shipments.

The company reported a net profit of US$3.38 billion for the quarter ended Dec. 26, compared to $2.26 billion in the first quarter of 2009. The company reported earnings per share of $3.67, which beat estimates of $2.09 from analysts polled by Thomson Reuters.

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One Response to “Apple Profits Beat Estimates”

  1. Calvin Jones and the 13th Apostle says:
    January 25, 2010 at 7:53 pm

    If Apple is doing this well now, what if the economy wasn’t in the crapper?

    Interesting question. While I don’t know about an iPhone, if the economy was better, I’d surely get an iPod. But I don’t have the money, thanks to the economy, so I can’t.