Apple announces $46 billion quarter, sells 37 million iPhones

henry

Guest
Apple sadly lost their iconic co-founder and former CEO Steve Jobs after his long battle with cancer late last year, raising questions about whether the Cupertino-based tech giant could continue its success in his absence. Though it may be early for a definitive judgement on that, investors can put their worries to rest after seeing Apple's record first quarter results, which surpassed the $40 billion predictions by Wall Street insiders.

The figures (PDF) for the quarter ending December 31 speak for themselves; Apple sold a record 37 million iPhones and 15.4 million iPads. Their profits more than doubled at $13.06 billion, up from $6 billion during the same period in 2010, with sales up 73% on last year?s figures ($26.74 billion) to an incredible $46.33 billion.
 
 
Top