Apple posts 1.21 bn profit amid global slump

New York, Apr 23: Despite the ongoing global economic slump electronic and software giant Apple Inc posted a quarterly profit of $1.21 billion on revenue of $8.16 billion.

Rise in profit is the result of higher sales of iPhones and iPods. Apple's quarterly profit is 15.2 per cent up from $1.05 billion during the same period a year ago. In the second quarter, Apple sold about 3.79 million iPhones, up a huge 123 per cent from the same period in 2008.

Apple chief financial officer (CFO) Peter Oppenheimer said, "We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history."

"We expect revenue in the range of about $7.7 billion to $7.9 billion and we expect diluted earnings per share in the range of about $.95 to $1.00," he added.

OneIndia News