Apple iPhone Sales Going Ballistic
Submitted by Bob Bhatnagar on
We're in a global economic recession, right? You wouldn't know it from looking at the latest iPhone sales statistics. Apple's stock jumped six dollars to $158 per share after the company announced its revenues for the third quarter.
Total revenue was $8.3 billion, leaving Apple with a net quarterly profit of $1.2 billion. According to Tim Cook, the Chief Operating Officer, "Apple can’t keep up with demand in the 18 countries where the 3GS model is now sold, a situation that won’t change in the short term."



