Apple Earnings Rise 46% (AAPL)

by Jordan Yerman | October 19, 2009 at 02:45 pm

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Apple (AAPL)has released its 4th Quarter earnings: Profits soared for the Cupertino-based purveyor of iPhones and iPods and shiny laptops, as Apple reports a 46% earnings increase. (Apple (AAPL) stock prices)

While Apple's iPod sales are down compared to last year, those sales still exceeded expectations by a slim margin. Meanwhile, sales of iPhones and Macs are up: the back-to-school shopping period was very kind to Apple. Indeed, Apple's whole fiscal-year performance has flown in the face of recession-dogged expectations.

Apple 4th Quarter results

The initial reaction to Apple's report was strong enough to send the company's shares up more than $12, or as much as 6.5%, in after-hours trading to $202.20 after earlier rising $1.81 a share in the regular market session.