Apple Posts Record Sales, Profits

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Cupertino, Calif. - Apple rode a huge wave of iPhone, iPod and Mac sales during its fourth quarter to post its highest revenue and net profits ever.

The company generated $4.3 billion in net profit on sales of $20.3 billion for the quarter. This is up from the $2.53 billion in net profit and $12.1 billion in revenue posted during the same period last year, the company said.

Apple reported it sold 14.1 million iPhones during the quarter, a 91 percent increase over last year, in addition to just more than 9 million iPods and 3.9 million Mac computers.

iPad sales for the quarter were 4.2 million.

Apple CEO Steve Jobs specifically pointed out that iPhone sales for the quarter outstripped those of RIM and that the company still had a few surprises up its sleeve for the remainder of this calendar year.


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