Apple announces record profits as iPhone and Mac sales defy recession
27 October 09

Apple have surprised Wall Street by announcing record-breaking sales and profits, as the Californian technology company continues to defy the recession.
 
Thanks to the highest ever sales of its iPhone handsets and Mac computers, Apple posted profit of $1.67bn for the last three months based on sales of almost $10bn. That marks a 46% increase in profit over the same period last year.
 
Chief executive Steve Jobs - who returned to the company earlier this summer after a six-month break to undergo a liver transplant - said he was "thrilled" with the results and had more plans to wow customers in the near future.
 
Those plans are rumoured to include a new touchscreen computer that the company hopes can capitalise on the iPhone's success. Although the secretive Jobs is working hard to keep details of the new gadget firmly under wraps, a string of reports suggest that the company may be preparing to launch the so-called "tablet" machine in the new year.
 
In recent months, Apple has seemed immune to the overall moves of the market - consistently defying predictions that the recession would stifle appetite for its high-cost products.

Source: Gaurdian.co.uk