Mac Sales Protect Bruised Apple

Shares soar on record computer sales
By Peter Fearon,  Newser Staff
Posted Jul 26, 2007 8:06 AM CDT
Mac Sales Protect Bruised Apple
T Inc. wiped some of the glow off Apple Inc.'s iPhone on Tuesday, releasing numbers that showed fewer people than expected signed up for service in the first two days of the multimedia cell phone's release. (AP Photo/Paul Sakuma)   (Associated Press)

Apple shares soared over 9%—despite stagnating sales of the iPod and an iffy launch of its iPhone—thanks to a record boost in its core business selling computers, reports the San Jose Mercury News. Apple sold $2.5 billion worth of computers in the last quarter, up 36% over the same quarter last year.

"The surge in Mac sales took the attention off of the iPhone and the iPod and took pressure off of Apple," one analyst said. That pressure may grow. Of 270,000 iPhones shipped only 146,000 have been activated by AT&T. (More iPhone stories.)

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