Apple Announces Most Profitable Quarter in History

[wraggster]

zacharye writes with an except from an article over at BGR about Apple's quarterly results:" Disappointing' though it may have been to some, the iPhone 4S propelled what is now confirmed to have been the most profitable quarter any technology company has ever recorded (http://www.bgr.com/2012/01/24/disappointing-iphone-4s-leads-apple-to-most-profitable-quarter-in-tech-history/). Apple on Wednesday reported record earnings (http://www.apple.com/pr/library/2012/01/24Apple-Reports-First-Quarter-Results.html) for the December quarter, revealing a profit of $13.06 billion on revenue that surpassed $46 billion (http://www.bloomberg.com/news/2012-01-24/apple-posts-record-quarterly-profit-sales.html). Among technology companies, Apple's fiscal first quarter represents the most profitable quarter ever recorded. Only one U.S. company has ever posted a more profitable quarter — Exxon managed a profit of $14.8 billion in the third quarter of 2008 — and the driving force behind Apple's record-setting performance was quite clearly the iPhone."

http://apple.slashdot.org/story/12/01/24/230257/apple-announces-most-profitable-quarter-in-history