“Apple Inc. jumped 3.5 percent in Nasdaq trading after price cuts attracted more first-time buyers for Macintosh personal computers last quarter, helping sales and profit top analysts’ estimates,” Connie Guglielmo and Brian Womack report for Bloomberg.
“The company sold 2.6 million Macs, beating the 2.4 million predicted by Shaw Wu, an analyst at Kaufman Bros. in San Francisco. Sales of the iPhone also topped estimates,” Guglielmo and Womack report. “‘The Mac sales were huge,’ said Wu, who recommends buying Apple shares and doesn’t own them. ‘Their business continues to hold up really well.'”
Guglielmo and Womack report, “Apple posted a 12 percent gain in sales and a 15 percent increase in third-quarter profit, even as other technology companies cope with waning demand from consumers and businesses,” Guglielmo and Womack report. “Apple, based in Cupertino, California, climbed $5.23 to $156.74 by 4 p.m. New York time on the Nasdaq Stock Market.”
Full article here.
[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]
