News

Apple reports highest-ever quarterly earnings

Warwick Ashford

Apple has reported is highest-ever quarterly earnings for the 2010 fiscal fourth quarter, boosted by sales of iPhones and iPads.

Total revenue for the quarter was $20.34bn, up 66.5% on the same period a year ago, and net quarterly profit was $4.31bn, or $4.64 per share.

In the quarter, Apple sold 14.1 million iPhones, up 91% on the same period the year before, and 3.89 million Macs, up 27%.

Apple sold 9.05 million iPods, although this was 11% fewer than a year ago, and 4.19 million iPads, the most recently introduced product.

Steve Jobs, Apple's chief executive, said the iPhone sales for the quarter beat the 12.1 million phones Blackberry maker RIM sold in its most recent quarter.

"We still have a few surprises left for the remainder of this calendar year," he said.

Despite record revenues for Q4 of 2010, Apple expects to achieve revenues of up to $23bn by first fiscal quarter of 2011.


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