Apple Reports Record Profits

Apple Reports Record Profits

Less than six months into the job, Apple CEO Tim Cook can now claim to have presided over the most profitable company in the world during its most profitable stretch. The company announced record quarterly figures yesterday, with revenues of $46.33 billion (a net income of $13.06 billion), due in large part to another quarterly record: 37 million iPhones, 15 million iPads, and 15 million iPods sold.

As a result, Apple surpassed Exxon in market cap value today, with day trading inflating the former's numbers to $419 billion, compared to the latter's $413 billion.

“Apple’s momentum is incredibly strong, and we some amazing products in the pipeline,” Cook said in an earnings call. (That first part is a pretty big understatement.)

Another impressive stat made public: since last week’s announcement of iBooks’ Author app, Apple has registered over 600,000 downloads.

[via AllThingsD]

Tags: apple, tim-cook, ibooks-2
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