Apple Reports $20 Billion Quarter
Apple Monday reported revenues of $20.34 billion and $4.31 billion of profit in the fourth quarter, both of which are new records for the company.
During the quarter, the company sold 14.1 million iPhones- a 91 percent jump- and just under $3.9 million Macs, a 27 percent gain. iPod sales, however, declined 11 percent from the same time last year to 9.05 million, while the company also sold 4.19 million iPads (the iPad was not available in the quarter a year ago.)
In a statement, Steve Jobs promised "a few surprises left" in the remainder of the year. On the earnings conference call, Jobs ripped the upcoming rivals to the iPad, and promised that there will "never" be a seven-inch iPad. See our sister site Appletell for more on the earnings announcement.