Apple is steaming ahead despite an economic slowdown, with the Company selling 6,892,000 iPhones in the last quarter compared to 1,119,000 in the year-ago-quarter. They have also posted one of their best quarters ever with revenue of $7.9 billion, and net quarterly profit of $1.14 billion, or $1.26 per diluted share. These results compare to revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, up from 33.6 percent in the year-ago quarter. International sales accounted for 41 percent of the quarter’s revenue.
