Apple Soars on 47% Higher Profit

October 20, 2009

Apple (AAPL) shares are soaring in the pre-market this morning after the company announced last night its net income surged 47 percent for the quarter. Aided by a boost in iPhone sales to the tune of half a million more than in the same quarter last year, Apple earned $1.67 billion, or $1.82 per share, as compared to $1.14 billion, or $1.26 per share, in the same quarter last year.