Apple announces most profitable quarter ever!

Recently Apple announced record Mac and iPhone sales and its most profitable quarter ever in its Q4 2009 earnings. The Company posted revenue of $9.87 billion and a net quarterly profit of $1.67 billion, or $1.82 per diluted share. These results compare to revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share, in the year-ago quarter. Gross margin was 36.6 percent, up from 34.7 percent in the year-ago quarter.

According to Jobs (Apple CEO) almost 21 million for the fiscal year sold now in terms of iPhones. Plus the App Store with 85,000 apps is so far beyond anyone else. He further says “We feel good about competing with anyone. I think people are still trying to catch up with the first iPhone, announced 2 years ago. We’ve moved beyond that.”

I think that’s great news. They reinvented the cell phone and industry; and created a pocket computer at the same time. They deserve the reward, because they never stopped to pat themselves on the back. They just went on working 
to improve their products. I’m also glad that they are successful enough to keep people — talented people!