Tuesday, 23 Oct, 2007 Technology

Apple Experiences a 67% Sales Growth


The fourth quarter of this year has brought Apple a 67% sales growth. This figure was conditioned by an extreme popularity of its new iPod touch models and iPhones, which are still gaining popularity worldwide.

During this period the company had a $904 million revenue, i.e. $1.01 for one stock. Comparing these numbers with the previous year, one could notice a great difference, since last year's numbers are $546 million revenue with 62 cents for one stock.

Thus Apple earned $6.22 billion in this quarter, which is $1.38 billion more than during the same period last year. However, the Apple's specialists estimated a revenue of $5.7 billion.

The fact that Apple has a low self-esteem and that its specialists underestimated the power of the company's new products, has lead to a massive growth of Apple's stocks' prices, which have experienced a 50% growth since August this year and now cost $184.

During the fourth quarter Apple has sold 1.1 million iPhones, thus raising the overall number of iPhones sold to 1.4 million. As for the iPods, they have been sold to 10 million people, i.e. 17% more music lovers chose iPod this year than during the same period last year.

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