Apple reports US$1.67 billion quarterly profit on record sales
Apple enjoyed its most profitable quarter ever, as the company set sales marks for both Mac and iPhone sales. The company announced earnings for its fiscal fourth quarter on Monday.
For the quarter ending September 30, Apple reported a net profit of US$1.67 billion, or $1.82 per share, on revenue of $9.87 billion. Those numbers blew away analysts' earnings and revenue estimates of $1.42 a share and $9.2 billion in sales, respectively.
Comparing those numbers to Apple's year-ago figures, quarterly profit rose 46 percent, while earnings per share jumped 44 percent. Revenue increased 25 percent from the September 2008 quarter. At the end of the corner, the company had $34 billion of cash on hand.
