19 Jul '11, 11pm

Apple reports S$8.88 billion net profit for recent quarter, fuelled by soaring iPad and iPhone sales.

Apple reports S$8.88 billion net profit for recent quarter, fuelled by soaring iPad and iPhone sales.

Apple on Tuesday reported that revenue and profit rocketed to record highs in the recent quarter as sales of iPhones and iPads more than doubled. -- PHOTO: REUTERS SAN FRANCISCO - APPLE on Tuesday reported that revenue and profit rocketed to record highs in the recent quarter as sales of iPhones and iPads more than doubled. Apple said its net profit more than doubled to US$7.31 billion (S$8.88 billion) on unprecedented revenue of $28.57 billion in the quarter ending June 25. 'We're thrilled to deliver our best quarter ever, with revenue up 82 per cent and profits up 125 per cent,' Apple chief executive Steve Jobs said in a release. 'Right now, we're very focused and excited about bringing iOS 5 and iCloud to our users this fall,' he continued. The Cupertino, California-based company reported that it sold 20.34 million iPhones and 9.25 million iPad tablet computers in sales...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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