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Tuesday, October 23, 2007

iPhone injects juice into Apple's profits

Apple's colourful, multi-functional iPhone has proven an instant hit with gadget-loving American consumers and has reawakened demand for the technology company's laptop computers and iPods.

The Silicon Valley company's shares jumped by 6% in after-hours trading tonight as Apple smashed expectations with a 76% leap in year-end profits to $3.49bn.

Customers slept outside Apple stores to get their hands on the prized iPhone when it was launched in the US in June. The company sold 1.12m of the handsets within 74 days, making them the fourth highest selling phones in America.

Read the whole article @ Guardian Unlimited

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