Apple Posts $1 Billion Profit
Apple on Wednesday reported a huge first quarter profit, on the strength of huge sales of both iPhones and Macs. The profit of $1.05 billion, based on sales of $7.51 billion, representing a gain of 36 percent, according to AppleInsider.
The quarter covered the three months that ended March 29.
The sales were driven by sales of 2.3 million Macs- including the Mac Book Air that was introduced during the quarter, and over 10.6 billion iPods. The company also sold 1.7 million iPhones.