Apple reports most profitable quarter ever

Apple

Apple once again managed to defy all expectations and announced its most profitable quarter ever with record Mac and iPhone sales.

The Company posted revenue of $9.87 billion and a net quarterly profit of $1.67 billion, or $1.82 per diluted share. These results compare to revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share, in the year-ago quarter.

Apple sold 3.05 million Macintosh computers (up 17 percent year-over-year), 10.2 million iPods during the quarter (down 8 percent year-over-year), and 7.4 million iPhones (up 7 percent year-over-year). While Apple iPod sales dropped, iPod touch revenues doubled from over last year.

Apple expects that revenues for the next quarter to fall between US$11.3 billion to US$11.6 billion but this could be another conservative estimate from a company known for its extremely conservative guidance.

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