Apple earns record amounts, defends its innovation

[Administrator]

When will the Apple fall? Not yet - not by a long shot. Another record quarter means Apple's obscene cash pile - Apple's war chest, if you like - has swollen to $159bn. What can't it buy?
A record 51m iPhone sales accounted for nearly half of the company's flabbergasting $57.6bn revenue for the three months ending 28th December. That's more than in the same period last year, and the same was true of iPad sales (up to 26m) and Mac sales (up to 4.8m). IPod sales slumped a little to 6m, but who cares?
The net result - the net profit: $13.1bn.
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