Apple’s earnings are way up for the fourth quarter

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Apple’s earnings are way up for the fourth quarter

October 19, 2009 – 4:03 pm – No Comment

Apple was able to beat any expectations for the company’s fiscal fourth quarter. It was able to pull out a 46% profit jump.

The increase in profits was $1.82 per share or $1.67 billion total.

Analysts were expecting the company to have a gain of $1.42 per share earnings if there revenue would have been $9.2 billion, but the actual revenues came out and it was $9.87 billion.

Part of the reason for the high numbers was the increase in iPhone sales, which increased by 7% in the fourth quarter. It was able to sell 7.4 million units. It was also able to move 10.2 million iPods, which represented an 8% increase. In the way of computers, it sold 3.05 million Macs.

Steve Jobs had a statement,”We are thrilled to have sold mroe Macs and iPhones than in any previous quarter. We’ve got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010.”

Hopefully one of those things in the pipeline for 2010 is the much rumored tablet. Many are expecting it to be a fully functional computer, but like an iPhone or iPod Touch. A tablet with the abilities of one of those would really change the game as far as computing is concerned. So far, touch screen computers haven’t taken off the way touch screen phones have; even though there are several companies out there who are putting a lot of development dollars into the touch screen technology for computers.

I am excited to see what Apple has coming out in the future because, even though other brands will be behind, it means that there is a new generation of computers and electronic gadgets coming out that can really (like I said in the previous paragraph) change things up. Watching advancements in technology is pretty exciting to me!