Apple profits increase 50%, boosted by iPhone sales

From the BBC:

Apple has announced a 50% increase in profits after seeing a bumper Christmas period, in which sales of iPhones doubled from a year ago.

Net income rose to $3.38bn (£2.08bn) in the three months to 26 December, from the $2.26bn it made the previous year.

Apple said it sold 8.7 million iPhones in the quarter. Sales of Macs also rose 33%, although iPod sales fell by 8%.

But the results were boosted by a new accounting standard that records revenue at the point of sale.

Previously, revenue was deferred over the life of products...

original article:
BBC News - Apple profits increase 50%, boosted by iPhone sales

ahh, so basically the numbers are fudged

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Steve

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