+44 (0)20 7930 4158POPULAR TOOLS
Apple smashes forecasts and doubles profits to USD13bn
1 Image(s)
Record iPhone, Mac and iPad sales helped Apple more than double its profits to USD13.06bn in the firm’s first fiscal quarter, up from USD6bn in 2010. Revenues are up 73% year on year to USD46.33bn, despite fears that economic problems in Europe could affect the firm's earnings. Apple’s turnover gives the firm nearly USD100bn in cash and securities in what newly-appointed CEO Tim Cook describes as “breathtaking” consumer demand for Apple products in the best quarter in its history. Apple is now the world's most highly-valued tech company, worth more than USD400bn on the US stock market with quarterly profits that exceed Google's recent quarterly revenues.
To access this content and our full archive of articles on 30,000+ companies, you are required to be a StrategyEye subscriber. We offer a range of subscription options. Complete the form to request one of our packages. |
|
