Apple Earnings: AAPL Q4 2010 Net Income Up 70 Percent
Apple Earnings: AAPL Q4 2010 Net Income Up 70 Percent – Apple Earnings have been unveiled and the company’s Chief Executive Steve Jobs has not one,not two but $20 billion reasons to be smiling.
Despite not being able to sell the 26.1 million iPhones that they had hoped – the tech giant saw its revenue almost double from $12.2 billion last year to $20.3 billion which is a 67 percent jumped during this quarter.
Thrilled by the news Jobs surprised journalists at the enterprise’s quarterly earnings call earlier today to simply say that he “couldn’t help dropping by for our first $20 billion quarter.”
Do you give him wrong? He added:
“We sold 14.1 million iPhones in the quarter.We’ve now passed RIM [and its Blackberry], and I don’t see them catching up with us for the foreseeable future.”
Speaking of wrong – there were few unexpected negative surprises for the company.
Only 4.2 million ipads were sold during the fiscal fourth quarter while experts predicted that 5 million would be purchased.
The company sold 14.1 million iPhones from July through September which is up 91 percent compared to 2009.
The computer hardware giant sold 3.9 million Macs , up 27 percent from last year