Apple profit soars 26%
Cupertino, Calif. ยป Apple Inc. said its profit jumped 26 percent in its fiscal fourth quarter as the newest iPhone 3G outsold the market-leading BlackBerry from Research in Motion Ltd.
For the three months ended Sept. 27, Apple's profit climbed to $1.14 billion from $904 million in the same period last year. Sales rose 27 percent to $7.9 billion from $6.22 billion in the year-ago quarter.
Cupertino, Calif.-based Apple's profit topped expectations, but sales missed forecast of $8 billion. Apple's shares jumped 11 percent after hours to $102.10. (AP)
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