New Apple iPhone News: Sales boost helps Mac decline

Yesterday, Apple announced declining Mac sales were offset by a surge in Apple iPhone sales in an announcement that quarterly profit and revenue completely battered forecasts from Wall Street states an article on cnn.

Apple reported a 15 percent rise in net income to $1.21 billion which is $1.33 a share in the 2nd quarter whereas analysts had predicted $1.09 a share.

Apple’s overall revenue was boosted by Apple iPhone sales that virtually doubled and rose 8.7 percent in the 2nd quarter to $8.2 billion, where analysts had forecast $7.96 billion. Apple sold 3.79 million iPhone handsets out selling the 3.3 million analysts expected.

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