It’s a recession but consumers still love to buy their faster iPhones and cheaper Mac notebooks. That was Apple Inc.’s (AAPL) good news on Tuesday when it reported higher sales and profits than analysts expected.
Net income rose to $1.23 billion, up from $1.07 billion during the same period a year ago. Similarly, sales were up 12 percent, reaching $8.34 billion.
In the third quarter, Apple introduced the iPhone 3GS, slashed older iPhone prices and rolled out new, less expensive MacBooks. The company sold 5.2 million iPhones and 2.6 million Macs.