Apple Profit for this year Rises about 85%

As on the reports upto 25th September of this year Apple shows the net profit as $25.9bn, which 85% rise from the last year.

Even that was not enough with the shares falling nearly 5% in after-hours trading. As there were no major products released in the fourth quarter of this year the apple could not achieve more than this. Since the death of Apple's co-founder Steve Job this the first set of results.

In the fourth quarter of the year, Apple sold 17.1 million iPhones, which was a 21% increase on the same period last year, and 11.1 million iPads, which was a 166% increase. But analysts expected the sales of iPhone around 20 million pieces in the quarter.

Apple said sales were decreased in September by customers expecting for the new version of the iPhone which is nothing but iPhone 4S, which was released on 14 October. Which is not included in this report. But iPhone 4S sold over four million of the new models in the first three days after launch.

One of the analyst at BGC Partners Colin Gillis said that the numbers came in weak. They need to set records every time they report to keep up the momentum.

But the sales of the Mac computers for the last year were 3.6 million. This was increased to this year by 27% which is precisely over 4.9 million Mac computers.

Analyst at Sterne Agee Shaw Wu said "The numbers are actually quite good. The reason why the stock is off - I think some of the analysts got carried away".

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