The Internationally acclaimed makers of
IPhone and Mac, Apple has reported a relatively profitable quarter year and recorded sales incurring high product selling graph in the month of September, end of their fiscal year.
Apple witnessed a whopping 47 per cent jump in net profit at $1.67 billion for the fourth quarter. In the time of economic recession referred to as 'extraordinarily challenging times', the company has gained momentum by witnessing a 12 per cent growth in revenue and an 18 per cent income in net income.
In a press statement, CEO Steve Jobs expressed his delight over selling so many macs and iphones in the quarter year. 'We will continue the trend with a strong line up of upcoming products in 2010 which would sure keep up with the sales records,' he said.
With number of other products going the Apple way, the company had strong contenders in terms of quality and price which deteriorated the price. Apple products which were sold at the cost of an arm and a leg had now reached other genre of consumers with a good margin.