Apple crushes quarterly earnings, promises new products this year

Andre Yoskowitz
21 Jul 2010 15:39

Yesterday, after the market closed, Apple crushed their quarterly earnings, having its best quarter ever.
Apple reported revenue of $15.7 billion, a 62 percent jump, year-on-year (YoY). Analysts had expected revenue of $14.75 billion for the quarter.
Net profit rose to $3.25 billion a massive 78 percent jump YoY.
While the numbers were impressive, most fans were more intrigued by Apple's implication that it was releasing multiple new products by the end of the year.
Said CEO Steve Jobs: "It was a phenomenal quarter that exceeded our expectations all around. And we have amazing new products still to come this year."
Jobs stopped there, but the comments have gotten the rumor mill in full swing. Most believe the new products are a rehauled iPod Touch with multiple cameras and a completely rehauled Apple TV.

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