Apple Get Jumped of Sale
SAN FRANCISCO - Apple's (AAPL) profit flied 88% on strong sales of its flagship iPod music players and Mac computers, pushing its shares over $100 in after-hours trading Wednesday.Shipments of iPods raised 24%, to 10.5 million, in the quarter. A cellphone version, called iPhone, is due in June.
Mac shipments jumped 36%, to 1.5 million - three times the industry increase rate, Apple CEO Steve Jobs said in a report.
The results come a day after two former Apple executives were charged with offensively handling the backdating of stock options. Apple earned $770 million, or 87 cents a share, in its second quarter. Revenue soared 21%, to $5.3 billion.
It was Apple's most gainful March quarter, Apple Chief Financial Officer Peter Oppenheimer said in a conference call.
Investors have mostly ignored Apple's stock-options problems, although there are remaining questions about Jobs' role.
USA TODAY
Mac shipments jumped 36%, to 1.5 million - three times the industry increase rate, Apple CEO Steve Jobs said in a report.
The results come a day after two former Apple executives were charged with offensively handling the backdating of stock options. Apple earned $770 million, or 87 cents a share, in its second quarter. Revenue soared 21%, to $5.3 billion.
It was Apple's most gainful March quarter, Apple Chief Financial Officer Peter Oppenheimer said in a conference call.
Investors have mostly ignored Apple's stock-options problems, although there are remaining questions about Jobs' role.
USA TODAY
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