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Apple Posts Highest Revenue of All Time
Apple released its financial results today, for its fiscal 2010 fourth quarter (ending 09/25). As you might've guessed, they weren't bad. The company posted record Mac, iPhone and iPad sales, and its highest revneue and earnings ever. Apple posted $20.34 billion in revenue and net quarterly profit of $4.31 billion ($4.64 per diluted share). This is compared to revenue of $12.21 billion and net quarterly profit of $2.53 billion for the same period last year. Gross margin was 36.9% compared to 41.8% last year.
Chris Crum