Buzz In Business » technology http://buzzinbusiness.com All that's happening in the financial world Mon, 14 May 2012 10:30:05 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Iphone helps Apple http://buzzinbusiness.com/2009/07/iphone-helps-apple/ http://buzzinbusiness.com/2009/07/iphone-helps-apple/#comments Thu, 23 Jul 2009 13:44:21 +0000 admin http://buzzinbusiness.com/?p=33 iphoneThanks to iPhone sales especially that of its new 3GS model, Apple’s quarterly results turned out to be better than expectations. Apple sold 5.2 million iphones in this quarter which was seven times better than its sales a year ago. The declaration by Apple resulted in an increase in its shares prices also.

Last year in the third quarter the net profit was 1.07 billion dollars while this year it has reached 1.23 billion dollars. Apple’s profit continues to amaze analysts around the world. Also, a growth in the MAC business combined with iPhone’s performance is turning out to be an effective combination.

Sales of MAC by Apple have grown around 4% every year. Analysts believe that its Apples competitive advantages that led to their wonderful performances over the year.

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