Wednesday, July 21, 2010

Apple breaks record revenue with $15.7 billion quarterly profit

Apple has done it again, sending their stockholders into new euphoric highs with news of hitting a record $15.7 billion quarterly profit for its fiscal 2010 third quarter ended May 27, 2010. This is a result of selling 8.4 million iPhones in the quarter, an increase of up to 61% compared to over the year-ago quarter. Not only that, Apple managed to shift 3.27 million iPads within the quarter, which is no mean feat no matter how you look at it. On its way to break that record figure, Apple also sold 3.47 million Macs and 9.41 million iPods during the quarter. Well, kudos to those who have stuck with the company's stock long enough to reap a handsome profit at the moment. As for those who are thinking about jumping aboard the bandwagon, you might want to do your research thoroughly first.