Apple earnings blow past Wall Street forecasts

By Los Angeles Times
Posted July 20, 2010 at 3:57 p.m.

Apple Inc. reported record revenue for the quarter that ended June 26, noting strong sales of its Mac computer line and iPhones, and selling nearly 3.3 million iPads during the first period where the tablet computer was available.

“It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4,” Apple Chief Executive Steve Jobs said in a statement.  “iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year.”

Read more about the topics in this post: ,
 

Companies in this article

Apple

Read more about this company »

2 comments:

  1. John Q Public July 20, 2010 at 7:53 pm

    Nice to hear. Now maybe they can lower their prices.

  2. MarkRG July 21, 2010 at 9:10 a.m.

    Interesting how this ‘news’ comes out a day after their stock took a serious nosedive over Antennagate. There has to be some serious number juggling going on over there to say that. The big market groups that downplayed Apple hopefully won’t be fooled.