Apple today announced its fourth quarter 2010 financial results and Apple has once again set records. Revenues topped US$20 billion for the first time ever. In comparison, revenues were US$12.21 billion the same quarter last year. Quarterly profits came in at US$4.31 billion, another record.
In terms of sales, Apple sold 14.1 million iPhones in the quarter (a 91 percent year-over-year increase and contributing US$8.8 billion in revenue) and 4.19 million iPads. For the record, you can also add 3.89 million Macs (a 27 percent increase year-over-year) and 9.05 million iPods (an 11 percent decline from the same quarter a year ago) sold over the quarter. iTunes added another US$1 billion of revenues.
During the earnings call, Steve Jobs dismissed rumours of a 7-inch iPad saying that “the screen is too small to express the software.” He also took a few potshots at the competition, saying that Apple has now surpassed RIM and that the latter will have a hard time regaining that lead. Jobs also suggested that Apple is now activating more iPhones in a day than all Android phones combined (about 275,000 compared to 200,000 for Android).
I bet that Jobs was pretty chuffed today (I’ve waited a long time to use that word)…