Apple reports record earnings, revenueBy DPA, IANS
Monday, October 18, 2010
SAN FRANCISCO - Apple reported record profits and revenue Monday as sales of its iPhones and Macs rose sharply, and consumers snapped up more than four million iPads.
Apple said it earned $4.31 billion in the quarter compared to $2.53 billion a year ago. Revenue rose to $20.34 billion compared to $12.21 billion a year ago.
“We are blown away to report over $20 billion in revenue and over $4 billion in after-tax earnings - both all-time records for Apple,” said chief executive Steve Jobs. “iPhone sales of 14.1 million were up 91 percent year-over-year. We still have a few surprises left for the remainder of this calendar year.”