Apple hit new all-time sales record of $20 billion

And CEO Steve Jobs got a blow. That’s how he described it. “Blown away!” Apple’s overpriced yet wildly popular gadgets and computers has propelled the company to a whole new all=time sales record of $20 billion as Apple announced its fourth-quarter results on Monday. But Apple CEO Steve Jobs promised more magic to come: “We still have a few surprises left for the remainder of this calendar year.”
The company sold 14.1 million iPhones in the quarter, which represents a 91% increase from this time last year and easily topped even the most bullish estimates from Wall Street analysts. Apple sold 3.9 million Macintosh computers, which was up 27% over the previous quarter and also topped most estimates. The company also sold 250,000 Apple TV devices.
Apple Chief Operating Officer Tim Cook told analysts on a conference call that the company would have sold even more had it been able to keep up with demand. Online, iPhone 4s have been on backorder since the device debuted in July. When pressed by an analyst about Apple’s supply chain snags, Cook responded that the manufacturing issues have been mostly solved.
However, Apple disappointed investors by selling just 4.2 million iPads in the quarter, up from 3.3 million tablets in the previous quarter. Apple said more than $2.7 billion of its sales, or 13% of its quarterly revenue, came from iPad sales — a revenue stream that didn’t exist just six months ago. But the sales came up short of the roughly 5 million that most analysts had anticipated. This might probably be affected by the amount of Android slates flooding the market.
Overall, Apple easily surpassed Wall Street forecasts and turned a profit $4.3 billion, or $4.64 per share — up 70% from a year earlier. Bravo, Apple. A job well done. And we shall thank those fanatic fans for paying the Apple tax.
SOURCE via CNN











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