Apple Reports Their Highest Earnings Ever

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Apple Reports Their Highest Earnings Ever

By: Kyle Bylin
2011-01-21

Apple has announced their holiday quarter earnings and, as expected, they're huge. The company posted a record revenue of $26.74 billion...

...and record net quarterly profit of $6 billion. During this period, Apple sold 4.13 million Macs, 16.24 million iPhones, 19.45 million iPods, and 7.33 million iPads.

While Apple has seen iPod sales fall flat in recent years, sales of the iPod Touch are continuing to grow, up 27% year-over-year.

The iPod Touch now makes up more than half of total iPod sales.

Commenting in the official release, CEO Steve Jobs said, "We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales. We are firing on all cylinders and we've got some exciting things in the pipeline for this year including iPhone 4 on Verizon which customers can't wait to get their hands on."

Sadly, in the wake of these impressive earnings, Jobs will be taking a medical leave of absence. This leaves COO Tim Cook at the helm of Apple; he'll take over all the day to day operations. Meanwhile, Jobs will be stepping out to focus on his health, but he'll still oversee all of the important strategic decisions.

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About the Author:
Kyle Bylin is Editor of Hypebot and Music Think Tank, two leading music industry publications. He writes about the impact of technology on the record industry and how it's changing the way we listen to music.


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