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Apple Earnings: AAPL Q4 2010 Net Income Up 70 Percent

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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.

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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

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