Apple makes record $6 billion profit in Q4, 2010



Steve Jobs - The Creative Genius Behind Apple's Success

Steve Jobs – The Creative Genius Behind Apple’s Success

Apple Inc. has done it again! In the last three months of 2010, till the Christmas Eve, Apple broke all records to register highest ever sales and profit in any quarter.

The company said in the run up to Christmas, Apple sold Macs, iPhones and iPads worth $26.74 billion and posted profits worth $6 billion (£3.7 billion). Commending the company’s performance, Chief Executive Steve Jobs said: “We had a phenomenal holiday quarter”. However, no further details were available on his health since Mr. Jobs announced that he will be on medical leave on Monday.

Though Mr. Jobs remain at the helm of affairs and will be involved in all major developments, the daily operations will be handled by Mr. Tim Cook – The Chief Operating Officer.

When asked to comment, Daniel Hurst of Hudson Square Research said: “Apple blew away earnings expectations, again. It seems to be a recurring event for these guys”.

“It was across the board, top to bottom, another great quarter”, he added, emphasizing all product segments performed extremely well.

iPad – its latest tablet PC product sold 7.33 million units while iPhone sale was recorded at 16.24 millions – a jump of 86 percent over same period, last year. Mac sales were up by 23 percent at 4.13 million while iPod sales were down marginally to 19.45 million units for the quarter.

Apple’s revenue from Asia pacific almost trebled and 62 percent of its revenue came from outside the US.

On the occasion, Mr. Jobs announced that Apple will launch some exciting products saying: “We are firing on all cylinders and we’ve got some exciting things in the pipeline for this year”.

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