January 25, 2012

News: Apple Reports $13 Billion In Profits From The Recent Holiday 4th Quarter

Something is going on in the Tech world and Apple hasn’t lost a single step. The company reported a $46 billion revenue for the fiscal first-quarter, and of that gigantic number, $13 billion is pure profit. To give some context on the situation, the company sold 37 million iPhone handsets alone in the recent holiday season, a feat no other smartphone has managed to do in a single quarter.

Along with iPhone sales, the company sold over 15 million iPads and another 15 million iPods in that single quarter. Apple is currently estimated to have over $100 billion in cash and marketable securities on hand.

With rumors of the iPhone 5 and the iPad 3, one can only imagine how much more profitable this tech company will become.

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