Related
Apple Inc. said Tuesday sales of its iPhone and new iPad tablet computer helped push third-quarter net income up 78 per cent over the same period in 2009.
Net income was $3.25 billion US, or $3.51 per share.
Apple has come in for criticism for an antenna problem with its iPhone 4, which affects call reception. (Kiichiro Sata/Associated Press) Analysts polled by Bloomberg had estimates for income that averaged $2.87 billion, or $3.09 a share. A year earlier, the company made $1.23 billion, or $1.35 a share.
Revenue rose to $15.7 billion, up 61 per cent, from $9.7 billion last year.
Apple said it sold about 3.3 million iPads in April through June, the gadget's first three months on the market. IPhone unit sales rose 61 per cent, with a boost at the end of the quarter from the launch of the iPhone 4.
Apple reported after the close. In after hours trading, Apple shares rose $7.11, or 2.8 per cent, to $259.00.
The results were the first since the release of the iPad on April 3 and of the iPhone 4, which has come in for criticism for an antenna flaw that affects call reception.
The iPhone 4 will be released in Canada and 16 other countries on July 30.
With files from The Associated PressShare Tools
Top News Headlines
- Syria massacre toll up to 116, UN monitor says
- The UN Security Council is holding an emergency meeting Sunday to discuss the recent massacre in the Syrian town of Houla, in which 116 people died, many of them children under the age of 10. more »
- Montreal protesters march in peaceful defiance
- The clanging of pots and pans sounded throughout Montreal's downtown core Saturday night and into early Sunday morning, as thousands of protesters marched on in peaceful — but loud — defiance of Bill 78. more »
- Love film a 2nd win for Cannes director
- Michael Haneke won the Cannes Film Festival's top trophy for a second time with his film about love and death, Amour. more »
- Lady Gaga nixes Indonesia show after threats
- Lady Gaga cancelled her sold-out show in Indonesia after Islamist hard-liners threatened violence, claiming her sexy clothes and provocative dance moves would corrupt the youth. more »
Latest Business Headlines
- Bankia asks Spain for €19B
- The board of directors of Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($24.5 billion Cdn) in financial support. more »
- EI reforms aim to boost employment, Flaherty says
- Finance Minister Jim Flaherty defended his government's proposals to change employment insurance, saying the aim is to remove "disincentives to employment." more »
- Employment Insurance review boards to be scrapped
- The federal government is scrapping two review boards used by people appealing decisions made about their employment insurance. more »
- Ottawa moves to limit foreign investment reviews
- The federal government is raising to $1 billion the amount of foreign money that can go into a Canadian company before the investment is reviewed. The review has been used in the past to block foreign takeovers of MDA and Potash Corp. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 11576.47 | 10.4 |
| DOW | 12454.83 | -74.92 |
| NASDAQ | 2837.53 | -1.85 |
| SP 500 | 1317.82 | -2.86 |
| NYSE COMPOSITE | 7534.32 | -18.01 |
| AMEX | 2227.37 | 1.45 |
| TSX-VENTURE | 1309.27 | 26.8 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Teen struck by lightning in Ottawa dies
- Missing Winnipeg children found in Mexico
- Quebec tornadoes cause millions in damage
- Montreal protesters march in peaceful defiance
- Syria massacre toll up to 116, UN monitor says
- Woman's remains found in hockey bag on Cape Breton river
- Everest team unable to bring down Toronto woman's body
- WWE apologizes to Brazil over Canadian's flag stomp
- Pope's butler arrested in Vatican leaks scandal

