Sales and Profit Surge for Apple, but Its Margins Slip

Strong sales of iPads, iPhones and even Mac computers produced record revenue and profit for Apple in its fourth quarter.

It was not enough, however, to sustain Wall Street’s exuberance for the consumer electronics company that has seemed to do everything right in analysts’ eyes. The company’s shares fell about 6 percent in after-hours trading on Monday after the company announced its results.

Apple said that it sold 14.1 million iPhones in the quarter, ended Sept. 25, an increase of 91 percent from a year earlier. Consumers bought 4.2 million iPads, the tablet computer it introduced in April. Mac sales totaled 3.9 million, up 27 percent.

Read Full Article from New York Times

- Posted: 2010-10-18 21:33:07

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