Apple Profits on Account of iPhone and iPod

Apple’s iPhone and iPod have been a success from the moment they were launched. Since the introduction of iPhone, every other rival company has been struggling hard to draw alongside this killer phone, but none of them has succeeded in doing so yet. The quality and performance of iPhone are not easy enough to reach up to. This very quality of this wonderful phone has added to Apple’s profit greatly.

In the first quarter of this year, Apple has reported a huge 15% increase in its profits. iPhone sales have almost doubled from last year, and the iPod’s sale growth has also increased significantly. From the profits recorded for the same quarter of last year, Apple’s net profit has been raised up to $1.05 billion to $1.21 billion. These statistics have Apple’s shares in the afterhours trading by 2.5%.

Keeping in mind the global economical crisis; such a rise in a company’s sales is undoubtedly an optimistic change. It might be the revolutionary point in betterment of the world economy. But according to an analyst Eric Kuby, chief investment officer at Northstar Investment Management, this economy boost might be “good for Apple, but not necessarily good for the whole market.” Important to note is that though iPod and iPhone added to Apple’s profits; the sale of Mac decreased.