Apple Earnings Set Record

By dailypost January 25, 2010 Economy No Comments

Apple posted its most profitable quarter with Fiscal Year 2010 Q1, or the quarter ending Dec. 26, 2009. Apple (AAPL) earnings jumped nearly 50 percent year over year.

At the same time, Apple (AAPL) earnings were overshadowed by an event scheduled for Wednesday that has fans and analysts excited. The event, while scheduled in the normal secretive Apple manner, will reportedly introduce a new tablet PC.

Apple said Monday it earned $3.4 billion, or $3.67 per share, in the latest quarter. In the same period in 2008 it earned $2.3 billion, or $2.50 per share. Revenue was $15.7 billion, which was a 32 percent jump from $11.9 billion year over year.

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