Apple Inc. (AAPL) Posts Strong Growth In Asia And Europe
January 26, 2010 10:04 AM
Apple Inc. (NASDAQ: AAPL) posted strong results for the quarter ended December.
Apple posted EPS of $3.67, up from EPS of $2.50 for the same period last year. The company had revenues of $15.68 billion, up 32% from $11.9 billion for the same period last year. Sales of Mac rose 33% to 3.36 million beating the analysts’ average estimate of 3 million.
The company doubled the shipments of iPhones at 8.7 million in the quarter as compared to the same period last year. The iPhones sales fell short of analysts’ expectations of 9 million. With 60% of the sales coming from outside the US, the company doubled its sales in Asia Pacific. Europe registered a 40% rise in sales.
On Wednesday, Apple will launch the much awaited tablet computer. The launch of the new product is expected to have a positive impact on Apple stock which has more than doubled in the past 12 months.
