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Apple reported 78% profit growth

The strong 78% jump in profit for Apple in the last quarter of 2010, boosted by purchases of the iPad, iPhone and Mac in the weeks around Christmas, calm the concerns of investors about the prospects of the company after its CEO Steve Jobs withdraw temporarily for health reasons. The Apple's net profit for the three months to 25 December that the company appear first fiscal quarter increased to $ 6 billion, or 6.43 dollars per share, from 3.38 billion dollars or 3.67 dollars per share, a year earlier. The projections for the profits and sales during the current quarter also exceeded analysts' forecasts. The Apple's sales increased strongly by 71% yoy to a record 26.7 billion dollars over the quarter thanks to a new model of iPhone 4S, Tablet PC iPad and new laptop Macbook Air. According to the Chief Financial Officer Peter Oppenheimer, Apple sales the company has not reached its full potential because of the inability to produce more smartphones. The analysts said the strong results, Apple will help shift the focus from the health of Steve Jobs on Apple's ability to generate revenue in the long term. The shares of Apple rise in price by 1.3 percent to 344.90 dollars in times of today's electronic trading exchange Nasdaq. The management expects revenues in the quarter to go up to $ 22 billion and earnings per share is 4.47 dollars. Within the last quarter Apple sold 7.33 million iPads, 16.2 million from iPhones and 4.13 million Mac computers and 19.5 million in the music player iPod.
Furthermore, Apple has contracts with the largest mobile operator in the U.S. Verizon Wireless to sell through its network iPhone from February this year. In this way, the other big U.S. mobile operator AT & T will lose exclusive rights to sales of the iPhone. It is the iPhone is the best selling product of Apple, as it accounts for 39% of sales last fiscal year ending in late September 2010, however iPad is on track to overtake sales iPhone with 17% share of sales revenue in the last quarter of 2010