Apple's Profit Soars; Jobs Due Back in June

By John Johnson, Newser Staff

Posted Apr 22, 2009 8:17 PM CDT

(Newser) – Steve Jobs may be on the sidelines—at least in theory—but Apple is showing no signs of a letdown. The company's quarterly profit surged 15% on strong sales of iPhones and iPods, the Wall Street Journal reports. Jobs, reportedly still very much calling the shots during his medical leave, remains on track to return at the end of June.

Revenue rose 8.7% to $8.16 billion, up from $7.5 billion last year, while the company's profit increased to $1.21 billion, or $1.33 a share, from $1.05 billion, or $1.16 a share. Those numbers easily beat the expectations of analysts, who figured on earnings per share of $1.09, notes CNET. The company sold 3.8 million iPhones in its second quarter, more than double the number from last year.

[Images (2)]

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In this 2008 file photo, an Apple customer uses an iPhone at an Apple store in Palo Alto, Calif. (AP Photo/Paul Sakuma)

In this Sept. 9, 2008, file photo, Apple CEO Steve Jobs introduces the new iPod Nano in San Francisco. (AP Photo/Paul Sakuma, file)

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We look forward to Steve returning to Apple
at the end of June.
- Apple CFO Peter Oppenheimer

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