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Apple Posts Its Biggest Quarterly Profit Ever

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Apple Posts Its Biggest Quarterly Profit Ever

Business

Apple Posts Its Biggest Quarterly Profit Ever

Apple Posts Its Biggest Quarterly Profit Ever

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  • <iframe src="https://www.npr.org/player/embed/113958231/113957449" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Apple Inc. announced stellar profits Monday. The company says its fiscal fourth-quarter profit rose 47 percent. Increased sales of laptops and iPhones contributed to the surge in profits. The announcement sent the company's stock soaring to a record high in after-hours trading.

RENEE MONTAGNE, host:

And one of the companies that recently quit the Chamber of Commerce, Apple announced stellar profits yesterday. Apple says it pulled in close to $1.7 billion over the past few months. That's a 47 percent quarterly profit jump, and in this economy.

Not surprisingly, the announcement sent the company's stock soaring to an all time high in after hours trading. Increased sales of laptops and iPhones contributed to the surge in profits. The news comes as the company plans to release the iPhone in China later this month.

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MONTAGNE: It's MORNING EDITION from NPR News.

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