Apple Profits Surge 47% on iPhones, Macs

Firm sold 5.2 million iPhones last quarter

(NEWSER) - Apple reported a strong quarterly profit, beating analysts’ expectations by selling 5.2 million iPhones and 2.6 million Mac computers, MarketWatch reports. The firm reported earning $1.23 billion on revenue of $8.34 billion in the quarter ending June 26. Sales of iPhones were the highlight, as the company moved 626% more handsets than the year-ago period—though the iPhone 3GS was on sale for only 2 weeks of the quarter. More»

...and that's without any new product launches

(NEWSER) - Apple shocked analysts yesterday by posting a whopping 125% leap in its fiscal third-quarter profits—a feat it achieved without releasing any major new products in the past six months. And with a number of new products scheduled for the second half of 2011, this could be just the tip of the iceberg, the LA Times notes. “From now until the end of the year, I can't think of a time when they'll have a stronger few months of new products,” one analyst said. More»

The iKey? Why not?

(NEWSER) - Steve Jobs may be stepping back , but that’s no reason to stop being jazzed about all things Apple: The company snagged a whopping 563 patents last year, some of which are sure to eventually see the light of day. Mashable reports on 10 you should be particularly excited about:

• iBike: A smart bike concept that tracks data like your heart rate, the bike’s speed, and distance on your iPod or iPhone.
• Wand remote: A remote control for your Apple TV that functions like a Wii remote, using motion control.

Expectations for Caterpillar, AmEx earnings boost Dow

(NEWSER) - Stocks rallied today on expectations for this week’s earnings reports, with the Dow rising 96.28 points to hit a new 2009 high of 10,092.19. Caterpillar, which reports tomorrow, gained 6.5% after saying it would raise prices. American Express, which reports Thursday, gained 2.6%. Traders were cautiously optimistic about Apple, which reported better-than-projected results after the bell: its stock rose 1%. The Nasdaq gained 19.52 to close at 2,176.32, and the S&P 500 added 10.23 to close at 1,097.91, the Wall Street Journal reports. More»

Holiday iPod sales surge defies Wall Street

(NEWSER) - A late surge in holiday iPod sales boosted Apple quarterly revenue and profits to a record high, reports the Los Angeles Times. Wall Street analysts had predicted a slump of up to 18% in Apple sales, but despite the recession, the company is reporting $1.61 billion in profits on increased revenue of $10.2 billion. Apple shares rose 6% to $82.83 in regular trading, then jumped another 10% after hours. More»