Apple Q3 Earnings jump 15 percent despite of Recession

Apple Inc releases a report of its third quarter revenue of $8.34 billion with a net quartely profit of $1.23 billion or $1.35 per diluted share.

During the same period last year, Apple earned revenue of $7.46 billion with a net quartely profit of $1.07 billion or $1.19 per diluted share.

Apple Quarterly profit jump to 15 percent beating most of the analyst expectations. Analysts polled by Thomson Financial had forecast the Cupertino Company to report earnings of $1.17 a share on $8.2 billion in revenue.

According to Apple, the result of their profits was led by of 2.6 million Mac computers and 5.2 million iPhones.