Apple has blow-out fourth quarter as the stock soars after hours

Apple had a blow out fourth quarter, led by the sales of 7.4 million of it's touchscreen iPhone. The period was the first full three month quarter since the Cupertino based firm launched the newest 3GS model of the iPhone. 7% more handsets were sold compared to the previous year's quarter. The bottom line came out to a profit of $1.82 a share vs. expectations for $1.42. In straight dollar terms, that is a profit of $1.67 billion dollars on revenue of $9.87 billion dollars. Recovering Apple CEO Steve Jobs said, "We are thrilled to have sold more Macs and iPhones than in anyprevious quarter. We’ve got a verystrong lineup for the holiday season and some really great new productsin the pipeline for 2010.”  Imagine what Apple's numbers might have been in a great rip-snorting economy!

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source: Yahoo