Apple Reports Record Profits: $13.06bn Last Quarter



Apple has reported record profits for the last quarter of 2011, as iPhone and iPad sales continue to soar.

Net income was $13.06bn compared with $6bn for the same quarter the year before.

In the three months to the end of December, Apple sold 37.04m iPhones (128% up on the year before), 15.43m iPads (up 111%) and 5.2m Mac computers (26% up).

To put that a little into context...Apple sells nearly 378,000 iPhones every day. There are an estimated 371,000 babies born in the world each day.

But there was a big drop in the number of iPods sold - 15.4m, down 21%.
"We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," said Tim Cook, Apple's chief executive officer. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline."
Revenue jumped 73% to $46.3bn, exceeding analysts' forecasts. For the current quarter, Apple projected revenue of $32.5bn with earnings per share of $8.50, adding that the quarter includes 13 weeks. Analysts consensus forecasts had been for revenue of $32bn with earnings per share of $8.02.













iCloud has gained 85m users in the three months since it launched. 


And it's a big year ahead for the company: Apple is expected to launch a major redesign of the iPhone, as well as the iPad 3 and (possibly) an Apple TV set. 




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