Submit :
News                      Photos                     Just In                     Debate Topic                     Latest News                    Articles                    Local News                    Blog Posts                     Pictures                    Reviews                    Recipes                    
  
Apple profits soar to 125 per cent
Apple, one of the biggest companies in the world has recorded a massive profit of 125%, amounting to around $7 billion. The company was also able to sell around 20.34 million iPhones in April-June apart from a number of Apple iPads and Macs.

APPLE IS said to have sold every iPad that it could manufacture as a result of which they have earned revenue of $28.57 quarterly. Apart from it, the company also recorded a huge profit, which is said to have increased by a whopping 125 per cent, which would amount to an excess of $7 billion. The stock valuation of the company increased to 348 billion dollars owing to the latest developments.

The Chief Executive of the Company, Steve Jobs was very pleased as it was their best business during the month of April and June ever.  The company was also able to sell around 20.34 million iPhones between during this time. The sale of iPhones also witnessed an increase by 144 percent too. The latest model of iPhone is scheduled to be launched later during the year.  

Apple is keeping a very close eye on China as they have identified it to be a very profitable market for them, which would help them in increasing their revenues too. The sale in China has increased multiplefold as compared to the sales last year.  It is believed that the company has already started discussions about the possibility of selling iPhones through China Mobile, a company which comprises of more than 600 million subscribers.

The sale of Apple Macs also saw an increase by 14 percent as compared to their sale earlier in the year. The company overall has achieved more than its said target, which would be pleasing the company's employees, reflecting their hard work.

Editorial NOTE: This article is categorized under Opinion Section. The views expressed in this article are solely those of the author and do not necessarily represent the views of merinews.com. In case you have a opposing view, please click here to share the same in the comments section.
COMMENTS (0)
Guest
Name
Email Id
Verification Code
Email me on reply to my comment
Email me when other CJs comment on this article
}
Sign in to set your preference
Advertisement
merinews for RTI activists


Advertisement
Not finding what you are looking for? Search here.