Monday, October 18, 2010

Apple 4Q Net Income Soars 70 Percent "CUPERTINO, Calif. (AP) — Apple says its fourth-quarter net income soared 70 percent on staggering sales of iPhones and iPads. Apple Inc. sold 14.1 million iPhones from July through September. It sold 4.2 million of its tablet computer, the iPad. That's fewer than analysts, on average, had expected. Apple earned $4.3 billion, or $4.64 per share. Revenue jumped 67 percent to $20.3 billion. On both measures, Apple did significantly better than Wall Street analysts expected. "