Apple profits double to $13bn as sales rocket
Wednesday, 25th January 2012 at 10:37 am
Revenues of $45 billion more than four times Google's earnings from same quarter
Apple’s profits have more than doubled to $13 billion in the 14 weeks ending December 31st compared to this time last year, the company has revealed.
The sensational results are better than Google’s entire revenue for the quarter, which amounted to $10.6 billion.
Apple’s revenue stood at $46 billion.
The company also revealed it had sold 37.04 million iPhones and 15.43 million iPads in the quarter, both doubling sales made during the same time last year.
IPod sales however dropped 21 per cent to 15.4 million.
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO.
“Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”
Apple CFO Peter Oppenheimer said the company expects profits and revenues to fall significantly for the next quarter, with revenues falling to $32.5 billion.
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