Apple sales go sky high due to iPad, iPhone

Yesterday Apple has released its fourth-quarter sales, results were beyond analysts estimates, helped greatly by the demand for iPads and iPhones.

Apple reported record sales today if $20.3 billion for the period ending in September, largely due to the high demand for iPads and iPhones. The company’s net income rose to $4.31 billion from $2.53 billion just a year ago. Apple is now the third largest company by market value, with its stock prices closing today at a record high of $318 per share, even after an economy tumble.

Revenue for this quarter is estimated at $23 billion, a figure increased by the coming holiday shopping season. Apple has sold 14.1 million iPhones, 9 million iPods and nearly 4 million Macs.
This week’s Apple press event is expected to debut a new operating system and possibly a smaller, more streamlined MacBook Air.


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