19 Jan '11, 11am

Apple posts record US$6b quarterly profit

SAN FRANCISCO : Apple Inc. chief Steve Jobs stepped aside on a high note as the company he saved from ruin raked in a blockbuster US$6 billion profit amid unrelenting demand for iPhones and iPads. A day after Jobs announced he was taking an indefinite leave of absence for medical reasons, Apple reported its record net profit as revenue soared to an unprecedented US$26.74 billion in the quarter ending December 31. The Cupertino, California-based company said it sold 7.33 million iPad tablet computers and 16.24 million iPhones. "We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales," Jobs said in a statement accompanying the earnings report. "We are firing on all cylinders and we've got some exciting things in the pipeline for this year including iPhone 4 on Verizon, which customers can't wait to get their hands on." He chose Monday, a US holiday on whic...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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