Apple quarterly profit jumps 47 percent, iPhones and Mac computer sales on the rise

IPhones help boost Apple profit by 47 percent

CUPERTINO, Calif. — Apple says its net income rose 47 percent in the most recent quarter as more people gave in to the iPhone craze.

Apple unveiled a faster iPhone in June and cut the price of the previous generation of the phone to $99. That boosted iPhone sales from July through September to 7.4 million devices, half a million more than last year.

Apple weathered the economic meltdown better than other computer companies, giving it a running start when PC sales grew in the quarter. Apple sold 3.1 million Macs, a 19 percent rise from the same period a year ago.

Apple says it earned $1.82 per share in its fiscal fourth quarter. Sales jumped 25 percent to $9.9 billion.