Apple Reports All-Time Highs for Earnings, Revenue

Cupertino, Calif. – Buoyed by the near-doubling of its
iPhone sales from a year ago, Apple (NASD:  AAPL) on Monday reported record revenue and a 70%
jump in fiscal fourth-quarter earnings. The company announced net income of
$4.3 billion — up from $2.5 billion in the same quarter of 2009 — on revenue
of $20.3 billion — up from $12.2 billion.

"We are blown away to report
over $20 billion in revenue and over $4 billion in after-tax earnings-both
all-time records for Apple," said Steve Jobs, Apple’s CEO.

"iPhone
sales of 14.1 million were up 91 percent year-over-year, handily beating the
12.1 million phones RIM sold in their most recent quarter."

A complete
look at Apple’s results is available at the link below.

Related Links:
http://www.apple.com/pr/library/2010/10/18results.html