Apple soars over forecasts to $6bn quarterly profit

first_img Apple soars over forecasts to $6bn quarterly profit More From Our Partners Matt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For whatsapp Show Comments ▼ alison.lock center_img Apple delivered a record quarterly $6bn (£3.8bn) net profit for the three months to Christmas after trading in the US closed last night.The maker of iPhones, iPads and mac computers generated its highest-ever revenues of $26.74bn and earnings per share of $6.43, nearly double the $3.67 generated in the same quarter a year earlier. Delighted analysts upgraded their price targets today, reassured about future robust performances from the company.“While the news of Steve Jobs’ medical leave may continue to add some headwinds to the share price momentum in the near term, we continue to believe improving underlying fundamentals and the strength of Apple’s overall management team will counter this uncertainty,” Goldman Sachs analyst Bill Shoppe said.The results, against a backdrop of retail profit warnings as snow in the UK and US hit pre-Christmas trading, are better than analysts had expected and “We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,” said Apple chief executive Steve Jobs. “We are firing on all cylinders.”Apple sold 4.13 million Macs in the quarter, up 23 per cent unit from the previous year; 16.24 million iPhones, an 86 per cent unit growth from a year earlier; and 7.33 million iPads. It also sold 19.45 million iPods – but this registered a seven per cent unit decline from the same quarter the previous year. International sales accounted for 62 per cent of the quarter’s revenue, it said in a statement.The company statement did not mention Jobs’ medical leave from the firm, his second period of leave since he fought pancreatic cancer in 2008 and early 2009.Instead, it gave a bullish outlook scenario, forecasting $22bn revenues and $4.90 earnings per share. “We couldn’t be happier with the performance of our business, generating $9.8bn in cash flow from operations during the December quarter,” said CFO Peter Oppenheimer. Share Wednesday 19 January 2011 8:48 am whatsapp Tags: NULLlast_img read more